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    Mixed-Use Building with Income Potential Title is generated by Realmo AI

    3039 N Williams Ave, Portland, OR

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    Mixed-use property with commercial and residential units in Portland, OR.

    Type:OFFICE
    Property size:
    13,362 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $166/SF
    Added:
    Mar 28, 2025
    Days on Market:
    447
    Last Refresh:
    May 19 at 9:00 pm

    Property Features for 3039 N Williams Ave

    General Information

    Standard status
    Active
    Size
    13,362 SF
    Lot size
    0.11 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Marissa Lee

    Listing agent Marissa Lee

    Listing office Commercial Real Estate NW

    Listing date Mar 28, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Commercial Real Estate NW

    HighLights

    • Seven residential units (six 1bd/1ba + one 2bd/1.5ba w/rooftop terrace) and two commercial units.
    • Enjoy a High Walk Score of 92 and a Bike Score of 100.
    • Below average market apartment rents offer upside.
    • Potential billboard income on northbound traffic facing wall.
    • Ample street parking and easy transportation access.
    • Secure/gated access to trash/recycling/bike storage.

    Overview

    This mixed-use property features two commercial units with abundant basement storage, alongside seven residential units. The residential component includes six 1-bedroom, 1-bathroom units, and one 2-bedroom, 1.5-bathroom unit with a rooftop terrace. The property benefits from ample street parking and convenient transportation access. Traffic counts exceed 7,910 cars per day, complemented by significant bicycle traffic. Secure, gated access is provided for trash, recycling, and bike storage. The property has a Walk Score of 92 and a Bike Score of 100. There is potential for billboard income from the northbound traffic-facing wall. The property size is 13,362 square feet. Below-average market apartment rents offer an opportunity for increased revenue.

    Local Financial Insights For Mixed Use

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $320.7k $24.00
    − Vacancy −$32.1k −$2.40
    EGI $288.6k $21.60
    − OpEx −$108.2k −$8.10
    NOI $180.4k $13.50
    13,362 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $2.58M
    $2.25M – $3.01M (±1% cap)
    NOI $180,387 @ 7.0% cap · market cap 8.11%
    Second Best
    Office B
    $2.47M
    $2.16M – $2.88M (±1% cap)
    NOI $172,967 @ 7.0% cap · market cap 7.78%
    Theoretical Best
    Office A
    $3.75M
    $3.28M – $4.38M (±1% cap)
    NOI $262,667 @ 7.0% cap · market cap 11.81%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.667
    Latitude
    45.5452

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial and residential units in Portland, OR.
    Where is this mixed-use property located?
    The property is located at 3039 N Williams Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $2,224,000.
    What are key features of this property?
    This property features: Seven residential units (six 1bd/1ba + one 2bd/1.5ba w/rooftop terrace) and two commercial units.; Enjoy a **High Walk Score of 92 and a Bike Score of 100**.; Below average market apartment rents offer upside.
    (503) 309-5106 Call to check price and availability
    More about this property
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