3037-3041 N Monroe St Portland, OR 97227
Mixed-use property with commercial and residential units in Portland's Eliot neighborhood.
Property size:
13,362 SFProperty Features for 3037-3041 N Monroe St
General Information
- Size
- 13,362 SF
Source:
Commercialrenw
Listing Agent: Marissa Lee
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multifamily Asset in Eliot Neighborhood
This mixed-use multifamily asset features two buildings on a single tax lot, including two commercial units and seven apartments. The Rinehart Building, located on the corner of N. Williams & N. Monroe, contains office and retail storefront suites and five 1-bedroom/1-bathroom apartments on the 2nd level. This historical building was completely renovated in 2014. The Monroe Building, constructed in 2014, is a duplex encompassing a 1-bedroom/1-bathroom apartment and a 2-bedroom/1.5-bathroom apartment with a rooftop terrace. The buildings share secure garbage/recycling, storage, and bike room access. Located along the N Vancouver/N Williams corridor in the heart of the Eliot neighborhood, the property is within walking distance of restaurants, grocery stores, retail options, and more. It offers easy access to I-5 and I-405, as well as public transportation. Williams Avenue provides a prime bike thoroughfare and a vehicle traffic count of over 7,910 cars per day, offering signage/billboard income opportunities on the wall facing Northbound traffic. The property is 100% occupied and seismically upgraded. There are two commercial units with abundant basement storage and seven residential units: six 1-bedroom/1-bathroom units and one 2-bedroom/1.5-bathroom unit with a rooftop terrace. Ample street parking and easy transportation access are available. The property has a Walk Score of 92 and a Bike Score of 100. Two income-producing buildings are situated on a single tax lot.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6310663
- Latitude
- 45.4456107
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with commercial and residential units in Portland's Eliot neighborhood.
Where is this mixed-use property located?
The property is located at 3037-3041 N Monroe St 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: - Mixed-use property with two income-producing buildings (commercial and residential) on a single tax lot.; - Prime location in the Eliot neighborhood with a high Walk Score (92) and Bike Score (100), near restaurants, grocery, and retail.; - Fully occupied with potential for increased apartment rents.