Live-Work
For Sale
$434,950
15325 SE STARK St, Portland, OR 97233
CommercialSale, Portland, OR
Property Size2,142 SF
Lot Size0.20 Acres
Price / SF$203.06
Days on Market47
Property Features for 15325 SE STARK St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RM2
View
Territorial
Directions
North side of stark street ne housewest of 153rd
Subdivision
_143
Standard status
Active
APN
R233341
Size
2,142 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
PANIAN SUB, BLOCK 1, WLY 72.5' OF LOT 1
Tax Annual Amount
4281
Legal Description
PANIAN SUB, BLOCK 1, WLY 72.5' OF LOT 1
Utilities
Heating system
Forced Air
Building Details
Year built
1923
Building materials
VinylSiding
Roof type
Composition
Listing Agency:
John L. Scott Sandy
(503) 826-9000
Listed By:
June Taylor
(503) 504-9994
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 1 at 12:06PM
MLS# 593621682
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 1923 bungalow offers 2,142 square feet with three bedrooms, broad living areas, and a remodeled kitchen. The 0.2-acre property includes landscaped grounds, a backyard, a deck, and a detached garage. An unfinished basement contains a workshop area, while forced-air heating, vinyl siding, and a composition roof are among the building features.
Zoned RM2, the layout is identified as having potential for professional use in addition to its residential configuration. The same family has owned the property since 1958.
Zoned RM2, the layout is identified as having potential for professional use in addition to its residential configuration. The same family has owned the property since 1958.
Key Highlights
- 2,142‑square‑foot bungalow with three bedrooms
- 0.2‑acre parcel zoned RM2
- Remodeled kitchen and spacious living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,917
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,340
$578.3K
Cap Rate 7%
$413,100
$413.1K
Cap Rate 9%
$321,300
$321.3K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$51.4K $24.00/SF
− Vacancy
−$5.1K −$2.40/SF
EGI
$46.3K $21.60/SF
− OpEx
−$17.4K −$8.10/SF
NOI
$28.9K $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%
$578,340
Cap Rate 7%
$413,100
Cap Rate 9%
$321,300
Alternative Uses
Best Use
Mixed Use
$413.1K
$361.5K – $482.0K
NOI $28,917 @ 7.0% cap · market cap 6.65%
Second Best
Office B
$396.1K
$346.6K – $462.1K
NOI $27,728 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$601.5K
$526.3K – $701.8K
NOI $42,107 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 97233, OR
41,625
Population
14,844
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
9,049
Density / Sq Mi
$54,886
Median Household Income
$37,216
Median Earnings
$1,352
Median Rent
$385,100
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 - RM2 zoning and a flexible interior layout support residential use alongside potential professional occupancy.
Where is this live-work space located?
The property is located at 15325 SE STARK St Portland, OR.
What is the asking price?
The asking price for this property is $434,950.
What are key features of this property?
This property features: 2,142‑square‑foot bungalow with three bedrooms; 0.2‑acre parcel zoned RM2; Remodeled kitchen and spacious living areas
