Mixed-Use Property with
For Sale
$6,984,320
1407 SE Cora St, Portland, OR 97202
Combined residential and commercial configuration with finished apartments and adaptable ground-floor suites.
Property Size26,702 SF
Lot Size0.24 Acres
Price / SF$261.57
Days on Market47
Property Features for 1407 SE Cora St
General Information
Standard status
Active
Size
26,702 SF
Lot size
0.24 Acres
Additional Details
Sprinkler System
Yes
Multifamily Units
20
Building Details
Year Built
2020
Buildings
1
Tenancy
Multi
Listing Agency:
Premiere Property Group, LLC
Listed By:
Tod Breslau · License #200204192
(503) 740-4888
Source:
Foxrealestategroups
Added: Aug 21
Changed: Sep 25
Last Checked: Oct 5 at 8:51PM
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 Premiere Property Group, LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines 20 residential apartments with three commercial suites within approximately 26,702 SF of gross building area. The residences include luxury vinyl plank flooring, quartz countertops, wood cabinetry, tile backsplashes, stainless appliances, in-unit HVAC, and washers and dryers. The building is fully sprinklered.
Ground-floor commercial spaces feature polished concrete floors, exposed wood-beam ceilings, glass storefronts, and natural light. The suites are described as flexible for retail, service, or office occupancy. The property sits at 1407 SE Cora St in Portland’s Southeast MLS area, with directions referencing SE Miwaukie and SE Cora. Zoning is cm2.
Ground-floor commercial spaces feature polished concrete floors, exposed wood-beam ceilings, glass storefronts, and natural light. The suites are described as flexible for retail, service, or office occupancy. The property sits at 1407 SE Cora St in Portland’s Southeast MLS area, with directions referencing SE Miwaukie and SE Cora. Zoning is cm2.
Key Highlights
- 20 residential apartments within a mixed‑use building
- Three ground‑floor commercial suites with modern interior build‑outs
- Approximately 26,702 SF of gross building area on 0.24 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$373,454
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,469,080
$7.5M
Cap Rate 7%
$5,335,057
$5.3M
Cap Rate 9%
$4,149,489
$4.1M
Market Conditions
NOI Build-Up for 26,702 SF
Gross rent
$576.8K $21.60/SF
− Vacancy
−$43.3K −$1.62/SF
EGI
$533.5K $19.98/SF
− OpEx
−$160.1K −$5.99/SF
NOI
$373.5K $13.99/SF
Area
ZIP 97202
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,469,080
Cap Rate 7%
$5,335,057
Cap Rate 9%
$4,149,489
Alternative Uses
Best Use
Retail
$5.34M
$4.67M – $6.22M
NOI $373,454 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$5.15M
$4.50M – $6.00M
NOI $360,245 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$6.37M
$5.57M – $7.43M
NOI $445,923 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
20
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
772
Businesses Nearby
Explore this area
Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined residential and commercial configuration with finished apartments and adaptable ground-floor suites.
Where is this mixed-use property located?
The property is located at 1407 SE Cora St Portland, OR.
What is the asking price?
The asking price for this property is $6,984,320.
What are key features of this property?
This property features: 20 residential apartments within a mixed‑use building; Three ground‑floor commercial suites with modern interior build‑outs; Approximately 26,702 SF of gross building area on 0.24 acres
