Live-Work Loft with Rooftop
New
For Sale
$237,500
1314 NW IRVING #312, Portland, OR 97209
Third-floor space combines industrial character with office and commercial use in a converted warehouse.
Property Size904 SF
Price / SF$262.72
Days on Market6
Property Features for 1314 NW IRVING #312
General Information
Standard status
Active
Size
904 SF
Property subtype
Commercial
Zoning
EX
Site & Location
Neighborhood
Pearl District
Additional Details
Floor
3
Property Use
Live/Work
Taxes and HOA fees
Annual Taxes
$5,165
Amenities
rooftop deck
deeded storage unit
meeting room
employee restrooms
Central air
Hot Water Heating
On street
Radiant Heating
Window Unit Cooling
Building Details
Year Built
1925
Listing Agency:
JOSH REITER REAL ESTATE
(503) 706-1411
Listed By:
JOSH REITER · License #931000122
(503) 617-6490
Source:
Corcoran
Added: Oct 27
Changed: Oct 31
Last Checked: Nov 1 at 5:33AM
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 JOSH REITER REAL ESTATE
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Investment Insights
Based on property information with market context.
Located on the third floor of the Irving St. Lofts warehouse conversion, this live-work space features soaring ceilings, expansive windows, Viking stainless steel appliances, custom cabinetry, built-ins, and a remodeled bathroom. A wall bed and deeded storage unit add functional space. The building accommodates commercial and office use, and the property is zoned EX (Central Employment).
The rooftop deck offers 360-degree views of the city and mountains. Building amenities also include a second-floor meeting room and employee restrooms. Restaurants, boutiques, galleries, parks, and nightlife are within steps, and the property has a Walk Score of 99.
The rooftop deck offers 360-degree views of the city and mountains. Building amenities also include a second-floor meeting room and employee restrooms. Restaurants, boutiques, galleries, parks, and nightlife are within steps, and the property has a Walk Score of 99.
Key Highlights
- Third‑floor live‑work space in the Irving St. Lofts warehouse conversion
- Zoned EX (Central Employment); building accommodates commercial and office use
- Rooftop deck with 360‑degree city and mountain views
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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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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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Live-work space - Third-floor space combines industrial character with office and commercial use in a converted warehouse.
Where is this live-work space located?
The property is located at 1314 NW IRVING #312 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: Third‑floor live‑work space in the Irving St. Lofts warehouse conversion; Zoned EX (Central Employment); building accommodates commercial and office use; Rooftop deck with 360‑degree city and mountain views
