Mixed-Use Building with
For Sale
$749,000
1218 N Killingsworth Street, Portland, OR 97217
Commercial Sale, Portland, OR
Property Size5,982 SF
Lot Size0.14 Acres
Price / SF$125.21
Days on Market163
Property Features for 1218 N Killingsworth Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CM3
Parking features
On Street
Lot features
Corner Lot, Level
Directions
SW Corner of N Killingsworth St and N Minnesota Ave
Standard status
Active
APN
R210632
Size
5,982 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7129
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1927
Floors in Building
2
Number of units
6
Flooring type
Concrete
Building materials
Brick
Roof type
Membrane
Listing Agency:
John L Scott Real Estate Grants Pass · John L. Scott
(541) 476-1299
Listed By:
Patricia Curtin
(541) 292-0433
Added: May 14
Changed: Oct 22
Last Checked: Oct 23 at 1:06AM
MLS# 220221399
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,982-square-foot mixed-use property contains six storefront units, one of which is a restaurant, alongside a warehouse area. Built in 1927, the building has brick construction, concrete flooring, baseboard heating, and wall or window unit cooling. Public water and sewer serve the property, and parking is on street.
The 0.14-acre site is zoned CM3 (Commercial/Mixed Use 3), which allows a range of commercial and residential uses. The neighboring vacant lot is not included in the property.
The 0.14-acre site is zoned CM3 (Commercial/Mixed Use 3), which allows a range of commercial and residential uses. The neighboring vacant lot is not included in the property.
Key Highlights
- Six storefront units, including a restaurant
- 5,982‑square‑foot building with additional warehouse space
- CM3 (Commercial/Mixed Use 3) zoning allows commercial and residential uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,591
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,820
$911.8K
Cap Rate 7%
$651,300
$651.3K
Cap Rate 9%
$506,567
$506.6K
Market Conditions
NOI Build-Up for 5,982 SF
Gross rent
$57.4K $9.60/SF
− Vacancy
−$3.8K −$0.63/SF
EGI
$53.6K $8.97/SF
− OpEx
−$8.0K −$1.34/SF
NOI
$45.6K $7.62/SF
Area
Portland, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,820
Cap Rate 7%
$651,300
Cap Rate 9%
$506,567
Alternative Uses
Best Use
Mixed Use
$1.15M
$1.01M – $1.35M
NOI $80,757 @ 7.0% cap · market cap 10.78%
Second Best
Retail
$996.0K
$871.5K – $1.16M
NOI $69,720 @ 7.0% cap · market cap 9.31%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,593 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Portland, OR
Frequently Asked Questions
What type of property is this?
Mixed-use property - CM3 zoning accommodates a range of commercial and residential uses across a six-storefront property.
Where is this mixed-use property located?
The property is located at 1218 N Killingsworth Street Portland, OR.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Six storefront units, including a restaurant; 5,982‑square‑foot building with additional warehouse space; CM3 (Commercial/Mixed Use 3) zoning allows commercial and residential uses
