2506 NE MULTNOMAH ST Portland, OR 97232

Building Details

Year Built

1910

Listing office KW Commercial Portland Premiere b***@kw.com Show Phone

Listing date May 22, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This is a rare opportunity to acquire a substantial industrial warehouse asset on two contiguous lots totaling 3.29 acres in inner Northeast Portland. The property encompasses 65,060 square feet of warehouse and industrial space within a historic structure. Positioned in Sullivan's Gulch, the site benefits from immediate access to I-84 and proximity to the Lloyd District, placing it minutes from downtown Portland with excellent regional distribution connectivity. With a Walk Score of 83 and Transit Score of 68, the location supports a broad range of employees and operational uses. The dual-lot configuration carries split zoning of IG2 (General Industrial) and R2.5 (medium-density residential). The IG2-zoned parcel accommodates heavy industrial, warehousing, manufacturing, flex, and distribution uses, while the R2.5 parcel opens the door to residential development potential in one of Portland's most walkable inner-east neighborhoods.

Key Highlights

• Substantial 65,060 sq ft warehouse on 3.29 acres in inner Northeast Portland.
• Dual‑lot configuration with split zoning (IG2/R2.5) allows for industrial use and future redevelopment/mixed‑use potential.
• Prime location in Sullivan's Gulch with immediate I‑84 access and proximity to the Lloyd District and downtown Portland.

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FAQs

What type of property is this?

Warehouse - 65,060 SF warehouse on 3.29 acres near I-84.

Where is this warehouse located?

The property is located at 2506 NE MULTNOMAH ST Portland, OR.

What is the asking price?

The asking price for this property is $1,990,000.

What are key features of this property?

This property features: Substantial 65,060 sq ft warehouse on 3.29 acres in inner Northeast Portland.; Dual‑lot configuration with split zoning (IG2/R2.5) allows for industrial use and future redevelopment/mixed‑use potential.; Prime location in Sullivan's Gulch with immediate I‑84 access and proximity to the Lloyd District and downtown Portland.