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Historic Two-Floor Office Building
For Sale
$2,800,000

122 SW 3RD AVE, Portland, OR 97204

Brick office building built in 1902 with skylights, high ceilings, and a spiral staircase connecting two floors.

Property Size4,375 SF
Days on Market341

Property Features for 122 SW 3RD AVE

General Information

Standard status Active
Size 4,375 SF
Property subtype Commercial

Site & Location

Neighborhood Old Town Community Association

Taxes and HOA fees

Annual Taxes $11,795

Building Details

Building Size 4,375 SF
Year Built 1902
Stories 2
Listing Agency: LUXE Forbes Global Properties
Listed By: Vince Cortese
Source: Eleeterealestate
Added: Nov 19, 2025 Changed: Oct 26 Last Checked: Oct 25 at 1:40AM

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 LUXE Forbes Global Properties

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Investment Insights

Based on property information with market context.

Constructed in 1902, this brick office building offers a distinctive two-floor layout designed for flexible workspace. A dramatic spiral staircase connects the floors, while skylights and high ceilings help maintain a bright, open feel throughout. The flexible floor plan includes multiple offices, a conference space, and a kitchen area.

The property is located in downtown Portland and is described as being just steps from multiple bus lines, with an 11-minute walk to Union Station and a 21-minute drive to PDX airport.

For an owner-occupant or investor seeking a character-rich office environment, the building’s historic architectural features and practical conferencing and break support areas provide a straightforward option for modern business use.

Key Highlights

  • Brick office building built in 1902 with high ceilings and skylights
  • Spiral staircase connects two office floors
  • Flexible layout with multiple offices plus conference space and a kitchen area

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Tanning Salon Adult Day Care (Bike/Boat/Book/etc) Store Buffet Daycare Center Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

11,626
Businesses Nearby

Demographics for 97204, OR

1,001
Population
441
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
90%
High-School Grad
0.2 sq mi
ZIP Area
5,005
Density / Sq Mi
$16,875
Median Earnings
$783
Median Rent
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Market

Vacancy Rate% for Office in Portland, OR

10.1% 2019
12.3% 2020
16.1% 2021
18.5% 2022
20.8% 2023
21.7% 2024
24.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Brick office building built in 1902 with skylights, high ceilings, and a spiral staircase connecting two floors.
Where is this office building located?
The property is located at 122 SW 3RD AVE Portland, OR.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Brick office building built in 1902 with high ceilings and skylights; Spiral staircase connects two office floors; Flexible layout with multiple offices plus conference space and a kitchen area
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