Mixed-Use Property with Detached
For Sale
$499,900
2020 NE 102ND AVE, Portland, OR 97220
Office space, a separate living unit, usable basement, detached garage, and on-site parking support flexible occupancy options.
Property Size2,758 SF
Days on Market224
Property Features for 2020 NE 102ND AVE
General Information
Standard status
Active
Size
2,758 SF
Total Parking Spaces
4
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
2,758 SF
Year Built
1946
Listing Agency:
MORE Realty
Listed By:
Jonathan Kennedy · License #990500137
(503) 705-7176
Source:
Eleeterealestate
Added: Mar 4
Changed: Oct 14
Last Checked: Oct 13 at 3:30AM
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 MORE Realty
Investment Insights
Based on property information with market context.
This mixed-use property was built in 1946 and is zoned for commercial and residential purposes. The main level is configured for office use, while a separate living unit and usable basement each have independent entries. The basement and living area can also be reconnected, creating additional flexibility within the existing layout. A detached garage accommodates four cars and includes extra storage, while additional parking is available on site.
The property is located at 2020 NE 102nd Ave in Portland, with highway access and heavy foot traffic identified in the property information. Its prior use was associated with an optometrist business, and its current use is by a nonprofit organization exempt from property tax. Buyer due diligence is required regarding allowable uses and potential changes to the configuration.
The property is located at 2020 NE 102nd Ave in Portland, with highway access and heavy foot traffic identified in the property information. Its prior use was associated with an optometrist business, and its current use is by a nonprofit organization exempt from property tax. Buyer due diligence is required regarding allowable uses and potential changes to the configuration.
Key Highlights
- Mixed‑use commercial/residential zoning
- Main‑level office configuration with separate living unit
- Usable basement and independent entries
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,192
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,840
$803.8K
Cap Rate 7%
$574,171
$574.2K
Cap Rate 9%
$446,578
$446.6K
Market Conditions
NOI Build-Up for 2,758 SF
Gross rent
$72.8K $26.40/SF
− Vacancy
−$5.8K −$2.11/SF
EGI
$67.0K $24.29/SF
− OpEx
−$26.8K −$9.72/SF
NOI
$40.2K $14.57/SF
Area
Portland, OR
Vacancy
8.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,840
Cap Rate 7%
$574,171
Cap Rate 9%
$446,578
Alternative Uses
Best Use
Healthcare Medical
$574.2K
$502.4K – $669.9K
NOI $40,192 @ 7.0% cap · market cap 8.04%
Second Best
Mixed Use
$531.9K
$465.4K – $620.6K
NOI $37,233 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$774.5K
$677.7K – $903.6K
NOI $54,216 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office space, a separate living unit, usable basement, detached garage, and on-site parking support flexible occupancy options.
Where is this mixed-use property located?
The property is located at 2020 NE 102ND AVE Portland, OR.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Mixed‑use commercial/residential zoning; Main‑level office configuration with separate living unit; Usable basement and independent entries
