Versatile Belmont Street Corner
1305 SE BELMONT Portland, OR 97214
1305 SE BELMONT, Portland, OR, 97214
$849,900
Pending
For Sale
$849,900
Pending
CM2-zoned property suitable for commercial and residential uses.
Property Size3,316 SF
Lot Size0.08 Acres
Days on Market228
Property Features for 1305 SE BELMONT
General Information
- Standard status
- Pending
- Size
- 3,316 SF
- Lot size
- 0.08 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1888
Listing agency
EXP REALTY, LLC
(888) 814-9613
Listed by
STEPHEN FITZMAURICE · License #200308110
Source
Corcoran
Added: Dec 5, 2025 Updated: Jul 10 at 3:46PM Checked: Jul 21 at 5:36AM
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
Positioned on a high-visibility corner along Belmont Street, this tastefully updated CM2-zoned property offers exceptional versatility for both commercial and residential uses. The property's prime corner exposure provides excellent visibility for businesses, while the thoughtful updates throughout make it equally appealing as a unique live/work opportunity. The large garage is a standout feature, ideal for a workshop, creative studio, or storing and working on vehicles, yet also practical for residential needs such as hobby space or secure parking. With modern finishes, flexible layout options, and zoning that supports a wide range of uses, this Belmont Street property is perfectly suited for owners or investors seeking a blend of convenience, functionality, and strong street presence. The property size is 3316 square feet.
Key Highlights
- High‑visibility corner location on Belmont Street
- CM2 zoning allows for versatile commercial and residential uses
- Tastefully updated with modern finishes
Local Financial Insights For Mixed Use
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 | $79.6k | $24.00 |
| − Vacancy | −$8.0k | −$2.40 |
| EGI | $71.6k | $21.60 |
| − OpEx | −$26.9k | −$8.10 |
| NOI | $44.8k | $13.50 |
3,316 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$639.5K
$559.6K – $746.1K
NOI $44,766 @ 7.0% cap · market cap 5.27%
Second Best
Office B
$613.2K
$536.6K – $715.4K
NOI $42,925 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$931.2K
$814.8K – $1.09M
NOI $65,185 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - CM2-zoned property suitable for commercial and residential uses.
Where is this mixed-use property located?
The property is located at 1305 SE BELMONT Portland, OR.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: High‑visibility corner location on Belmont Street; CM2 zoning allows for versatile commercial and residential uses; Tastefully updated with modern finishes
