Live-Work
New
For Sale
$237,500
1314 NW IRVING St, Portland, OR 97209
CommercialSale, Portland, OR
Property Size904 SF
Price / SF$262.72
Days on Market2
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
R187362
Size
904 SF
Taxes and HOA fees
Tax Description
IRVING STREET LOFTS,A CONDOMINIUM, LOT 312
Tax Annual Amount
5165
Legal Description
IRVING STREET LOFTS,A CONDOMINIUM, LOT 312
Utilities
Heating system
Hot Water(Heating), Radiant
Cooling system
Window Unit(s)
Amenities
rooftop deck with panoramic views
deeded storage unit
access to meeting room and employee restrooms
Building Details
Year built
1925
Building materials
Block, Concrete
Buildings
1
Listing Agency:
Josh Reiter Real Estate
Listed By:
Josh Reiter
(503) 706-1411
Added: Oct 26
Last Checked: Oct 27 at 5:06AM
MLS# 556814809
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.
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Investment Insights
Based on property information with market context.
This third-floor live-work loft contains 904 square feet within a warehouse conversion built in 1925. Industrial character is paired with modern upgrades, including Viking stainless steel appliances, custom cabinetry and built-ins, and a remodeled bathroom. A wall bed and a deeded storage unit are also included. Heating is provided by hot water and radiant systems, with window-unit cooling.
The property is zoned EX (Central Employment). Building amenities include a rooftop deck, a second-floor meeting room, and employee restrooms. The space is located in Portland’s Pearl District, near restaurants, boutiques, galleries, parks, and nightlife.
The property is zoned EX (Central Employment). Building amenities include a rooftop deck, a second-floor meeting room, and employee restrooms. The space is located in Portland’s Pearl District, near restaurants, boutiques, galleries, parks, and nightlife.
Key Highlights
- 904‑square‑foot third‑floor live‑work loft
- EX (Central Employment) zoning; building supports commercial and office use
- Warehouse conversion built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,204
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,080
$244.1K
Cap Rate 7%
$174,343
$174.3K
Cap Rate 9%
$135,600
$135.6K
Market Conditions
NOI Build-Up for 904 SF
Gross rent
$21.7K $24.00/SF
− Vacancy
−$2.2K −$2.40/SF
EGI
$19.5K $21.60/SF
− OpEx
−$7.3K −$8.10/SF
NOI
$12.2K $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%
$244,080
Cap Rate 7%
$174,343
Cap Rate 9%
$135,600
Alternative Uses
Best Use
Mixed Use
$174.3K
$152.6K – $203.4K
NOI $12,204 @ 7.0% cap · market cap 5.14%
Second Best
Office B
$167.2K
$146.3K – $195.0K
NOI $11,702 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$253.9K
$222.1K – $296.2K
NOI $17,771 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
10,690
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Live-work space - A flexible space in an employment-zoned building supports office and commercial 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 $237,500.
What are key features of this property?
This property features: 904‑square‑foot third‑floor live‑work loft; EX (Central Employment) zoning; building supports commercial and office use; Warehouse conversion built in 1925
