3037-3041 N Monroe St Portland, OR 97227

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.