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Charming Commercial Suites in Portland
For Lease
$25 SF/Yr Modified Gross

1607 NE 16Th Ave # Portland Unit 1611, Portland, OR 97232

Charming Commercial Space for Lease – 1607-1611 NE 16th Ave, Portland

Space Size952 SF
Days on Market291

Property Features for 1607 NE 16Th Ave # Portland Unit 1611

General Information

Standard status Active
Property type Office Spaces, Medical space
Size 952 SF
Lease Type Modified Gross
Lease Term Flexible
Rate Type Monthly
Listing Agency: KJK Properties, P.C.
Listed By: Kathryn King · License #971100115
Added: Dec 1, 2025 Changed: Jun 11

Investment Insights

Based on property information with market context.

Two commercial suites are available for lease, each offering 952 square feet of space. The suites feature three private offices, one bathroom, and a full kitchen. Details include hardwood floors, a fireplace, and vintage 1947 tile. Each unit includes two tandem parking spaces. The tenant is responsible for direct payment of electricity, gas, and internet. Water, sewer, garbage, and landscaping costs are pro-rated among the three units at the location. Central air conditioning is included. The suites are suitable for acupuncture, psychotherapy, massage therapy, accounting, insurance, or other professional service businesses. The property is located in the Broadway district, which has high traffic counts of 11,000 per day. The tenant pays 27% of total NNN (Triple Net) per unit. Flexible lease terms are available. The Broadway District Business Association is active in the area.

Property Analytics

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Open Analytics

Current Use

Medical space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Mobile Phone Store Travel Agency Florist Locksmith Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,601
Businesses Nearby
Well-served
Demand for This Use

Demographics for 97232, OR

15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Portland, OR

$24.82 /SF/Yr
Avg Asking Price
$1.71–$180 /SF/Yr
Price Range
17,384 SF
Avg Space Size

This space is priced 1% above the average of $24.82 /SF/Yr.

Vacancy Rate% for Office in Portland, OR

10.1% 2019
12.3% 2020
16.1% 2021
18.5% 2022
20.8% 2023
21.7% 2024
24.3% 2025
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Frequently Asked Questions

What type of property is this?
Office space - Charming Commercial Space for Lease – 1607-1611 NE 16th Ave, Portland
Where is this office space located?
The property is located at 1607 NE 16Th Ave # Portland Unit 1611 Portland, OR.
What is the lease rate?
The lease rate is $25 SF/Yr.
More about this property
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