Sixth-Floor Live-Work
For Sale
$325,000
1314 NW IRVING St, Portland, OR 97209
CommercialSale, Portland, OR
Property Size1,202 SF
Price / SF$270.38
Days on Market121
Property Features for 1314 NW IRVING St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
EX
View
City
Directions
Corner of NW Irving St. at NW 13th Ave.
Subdivision
_148
Standard status
Active
APN
R187397
Size
1,202 SF
Taxes and HOA fees
Tax Description
IRVING STREET LOFTS,A CONDOMINIUM, LOT 605
Tax Annual Amount
7964
Legal Description
IRVING STREET LOFTS,A CONDOMINIUM, LOT 605
Utilities
Heating system
Heat Pump (Heating), Zoned
Cooling system
Central Air, Heat Pump
Amenities
rooftop deck
meeting room
employee restrooms
central air conditioning
Building Details
Year built
1925
Building materials
Concrete
Roof type
Built-Up
Listing Agency:
Josh Reiter Real Estate
(503) 706-1411
Listed By:
Josh Reiter · License #931000122
(503) 617-6490
Added: Jun 12
Changed: Sep 28
Last Checked: Oct 10 at 11:06AM
MLS# 227864131
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,202-square-foot loft occupies the sixth floor of a 1925 concrete building. Expansive windows, high ceilings, and polished or stained concrete flooring retain the character of the original warehouse conversion, while stainless steel appliances and central air conditioning add modern functionality. Heat pump systems provide heating and cooling, and the space is identified for live-work, creative, professional office, and residential use within EX zoning.
The property is at 1314 NW Irving St in Portland’s Pearl District, with views toward downtown and the surrounding neighborhood. Shared amenities include a rooftop deck, a meeting room, and employee restrooms on the second floor. One secure parking space is included, and the location carries a Walk Score of 99, with dining, shopping, galleries, parks, and nightlife nearby.
The property is at 1314 NW Irving St in Portland’s Pearl District, with views toward downtown and the surrounding neighborhood. Shared amenities include a rooftop deck, a meeting room, and employee restrooms on the second floor. One secure parking space is included, and the location carries a Walk Score of 99, with dining, shopping, galleries, parks, and nightlife nearby.
Key Highlights
- 1,202 SF sixth‑floor loft in a 1925 concrete building
- EX zoning supports live‑work, creative, office, and residential use
- High ceilings, expansive windows, and polished or stained concrete floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,227
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,540
$324.5K
Cap Rate 7%
$231,814
$231.8K
Cap Rate 9%
$180,300
$180.3K
Market Conditions
NOI Build-Up for 1,202 SF
Gross rent
$28.8K $24.00/SF
− Vacancy
−$2.9K −$2.40/SF
EGI
$26.0K $21.60/SF
− OpEx
−$9.7K −$8.10/SF
NOI
$16.2K $13.50/SF
Area
Portland, OR
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,540
Cap Rate 7%
$231,814
Cap Rate 9%
$180,300
Alternative Uses
Best Use
Mixed Use
$231.8K
$202.8K – $270.5K
NOI $16,227 @ 7.0% cap · market cap 4.99%
Second Best
Office B
$222.3K
$194.5K – $259.3K
NOI $15,560 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$337.6K
$295.4K – $393.8K
NOI $23,629 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
10,690
Businesses Nearby
Explore this area
Business Placement
Demographics for 97209, OR
22,755
Population
16,437
Households
1.4
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
1.0 sq mi
ZIP Area
22,755
Density / Sq Mi
$84,059
Median Household Income
$68,731
Median Earnings
$1,669
Median Rent
$573,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Portland, OR
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Frequently Asked Questions
What type of property is this?
Live-work space - EX-zoned loft with central air, polished concrete floors, and flexibility for residential, creative, or office use.
Where is this live-work space located?
The property is located at 1314 NW IRVING St Portland, OR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,202 SF sixth‑floor loft in a 1925 concrete building; EX zoning supports live‑work, creative, office, and residential use; High ceilings, expansive windows, and polished or stained concrete floors
