Mixed-Use Office and Apartment
1225 Nw Murray Rd Portland, Portland, OR 97229
New
Two-building portfolio offers a commercial office building plus fully occupied 12-unit apartments for one acquisition.
Type:CommercialSale
Property size:
22,806 SFPrice / SF:
$295/SF- Added:
- Jun 30, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 1 at 2:06 am
Property Features for 1225 Nw Murray Rd Portland
General Information
- Standard status
- Active
- Size
- 22,806 SF
- Property subtype
- CommercialSale
Building Details
- Year Built
- 1980
Listing office (844) 535-5974
Listing date Jun 30, 2026
Source Kellyrightrealestate
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 Hong Sheppard
HighLights
- Two‑building portfolio includes a 22,800+ SF commercial office building and a fully occupied 12‑unit apartment building
- Total building area is 22,806 SF with 2 buildings on a 1.82‑acre lot (79,279 SF)
- Apartments are fully occupied; offers are subject to interior inspection (please do not disturb tenants)
- On‑site parking available with 53 total parking spaces
- Utilities include public water and electricity/gas service
- Year built: 1980
Overview
The property includes a 22,000+ square foot commercial office building together with a 12-unit apartment building. The seller states both components are in solid condition. The apartments are fully occupied, and any offer is subject to interior inspection.
The site is described in the public remarks as being in an excellent southwest Washington County location in Portland, Oregon. No further details are provided regarding access, frontage, or nearby tenants.
For investors or owners seeking a multi-asset holding, this structure allows ownership of income-producing apartment units alongside a separate commercial office component within the same property. Because tenants are in place in the apartment building, showings and inspections require coordination, and offers should be submitted with the understanding that interior inspection is part of the process.
The site is described in the public remarks as being in an excellent southwest Washington County location in Portland, Oregon. No further details are provided regarding access, frontage, or nearby tenants.
For investors or owners seeking a multi-asset holding, this structure allows ownership of income-producing apartment units alongside a separate commercial office component within the same property. Because tenants are in place in the apartment building, showings and inspections require coordination, and offers should be submitted with the understanding that interior inspection is part of the process.
Local Financial Insights For Office B
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 | $615.8k | $27.00 |
| − Vacancy | −$160.1k | −$7.02 |
| EGI | $455.7k | $19.98 |
| − OpEx | −$113.9k | −$5.00 |
| NOI | $341.7k | $14.99 |
22,806 SF · lease $27.00/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.88M
$4.27M – $5.70M
NOI $341,748 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$4.41M
$3.86M – $5.14M
NOI $308,663 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$6.16M
$5.39M – $7.18M
NOI $430,913 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Westside Home Mortgage
Loan Service
Angelic Healing Hands
Alternative Medicine Practice
Marshall Rosario - More ...
Real Estate Agency
Comfort Keepers of Portland, OR
Home Health Care Service
US Technologies
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.8138211
- Latitude
- 45.5284907
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-building portfolio offers a commercial office building plus fully occupied 12-unit apartments for one acquisition.
Where is this office building located?
The property is located at 1225 Nw Murray Rd Portland Portland, OR.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: Two‑building portfolio includes a 22,800+ SF commercial office building and a fully occupied 12‑unit apartment building; Total building area is 22,806 SF with 2 buildings on a 1.82‑acre lot (79,279 SF); Apartments are fully occupied; offers are subject to interior inspection (please do not disturb tenants)
