Montavilla Live-Work Space For
206 NE 80TH Portland, OR 97213
206 NE 80TH, Portland, OR, 97213
$495,000
Pending
For Sale
$495,000
Pending
Versatile live-work space in Montavilla with high-end finishes.
Property Size1,205 SF
Days on Market112
Property Features for 206 NE 80TH
General Information
- Standard status
- Pending
- Size
- 1,205 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1904
Listing agency
MORE REALTY
(503) 353-6673
Listed by
RENEE ESPINOSA
Source
Corcoran
Added: Apr 2 Updated: Jul 10 at 3:54PM Checked: Jul 21 at 5:19AM
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.
Located in the heart of Montavilla, this property, built in 1904, offers a versatile owner-occupied investment opportunity. The building retains its historic character with vaulted ceilings, hardwood floors, shiplap detailing, and expansive bay windows. Previously used as a kitchen design storefront, the space includes a high-end chef’s kitchen featuring a 36-inch gas range, built-in refrigerator, steam oven, quartz countertops, farmhouse and prep sinks, a custom designer-tiled backsplash, and soft-close cabinetry centered around an island with designer lighting. The residential wing features an open-concept one-bedroom and one-bathroom layout. The bedroom includes skylights and vaulted ceilings, with access to an ADA-accessible bathroom. A den serves as a back office or reading nook. There is a tall attic for storage and integrated workspaces with custom-built-in desks and cabinetry. The exterior includes a private, fenced backyard with a Trex deck, pavers, and turf. The property has undergone an extensive restoration, including updated plumbing, a new furnace and AC, mini-splits, a tankless water heater, blown-in insulation, and new roof gutters. The building is energy-efficient with a Home Energy Score of 8. This property is suitable for a live-work setup, boutique retail, or a creative studio. The location provides visibility and accessibility to your business. The property size is 1205 square feet.
Key Highlights
- Versatile live‑work space or retail opportunity in the heart of Montavilla with high visibility and walkability.
- High‑end chef's kitchen with top‑of‑the‑line appliances, quartz countertops, and custom cabinetry.
- Extensive restoration with updated plumbing, new furnace and AC, tankless water heater, and energy‑efficient upgrades (Home Energy Score of 8).
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.9k | $24.00 |
| − Vacancy | −$2.9k | −$2.40 |
| EGI | $26.0k | $21.60 |
| − OpEx | −$9.8k | −$8.10 |
| NOI | $16.3k | $13.50 |
1,205 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$232.4K
$203.4K – $271.1K
NOI $16,268 @ 7.0% cap · market cap 3.29%
Second Best
Office B
$222.8K
$195.0K – $260.0K
NOI $15,598 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
KB Cabinets
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Versatile live-work space in Montavilla with high-end finishes.
Where is this live-work space located?
The property is located at 206 NE 80TH Portland, OR.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Versatile live‑work space or retail opportunity in the heart of Montavilla with high visibility and walkability.; **High‑end chef's kitchen** with top‑of‑the‑line appliances, quartz countertops, and custom cabinetry.; Extensive restoration with updated plumbing, new furnace and AC, tankless water heater, and energy‑efficient upgrades (Home Energy Score of 8).
