Mixed-Use Building with
For Sale
$1,370,000
2845 NE M L KING BLVD NE, Portland, OR 97212
One-bedroom apartments include in-unit laundry and air conditioning alongside a commercial space that can be divided into two units.
Property SizeContact for details
Days on Market508
Property Features for 2845 NE M L KING BLVD NE
General Information
Standard status
Active
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Eliot
Public Transit
Yes
Mixed-Use Components
residential, retail
Units
Unit Mix
6 x 1BR
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$13,431
Amenities
in-unit laundry
air conditioning
gated courtyard
front and back patios
garbage and recycling room
on-site mailboxes
Building Details
Year Built
2007
Buildings
1
Listing Agency:
ELEETE REAL ESTATE
Listed By:
The Lee Davies Team
(503) 997-1118
Source:
Leedavies
Added: Jun 12, 2025
Changed: Oct 27
Last Checked: Oct 31 at 2:12PM
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 ELEETE REAL ESTATE
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Investment Insights
Based on property information with market context.
Built in 2007, this mixed-use property combines six one-bedroom apartments with a commercial storefront. The commercial area can be configured as two separate units. Each apartment has in-unit laundry and air conditioning; two upper-level homes also feature vaulted ceilings, decks, soaking tubs, separate showers, and walk-in closets.
Residents have access to a gated courtyard with front and rear patios, as well as on-site mailboxes and a secured, lighted room for garbage and recycling. Street-side parking serves the property, and public transportation is directly accessible. Restaurants and downtown are described as minutes away.
Residents have access to a gated courtyard with front and rear patios, as well as on-site mailboxes and a secured, lighted room for garbage and recycling. Street-side parking serves the property, and public transportation is directly accessible. Restaurants and downtown are described as minutes away.
Key Highlights
- Six one‑bedroom apartments plus a commercial storefront
- Commercial area can be separated into two units
- In‑unit laundry and air conditioning in every apartment
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,431
Businesses Nearby
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Business Placement
Demographics for 97212, OR
26,568
Population
12,064
Households
2.2
Avg Household Size
40
Median Age
70%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
9,840
Density / Sq Mi
$128,098
Median Household Income
$65,836
Median Earnings
$1,790
Median Rent
$824,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - One-bedroom apartments include in-unit laundry and air conditioning alongside a commercial space that can be divided into two units.
Where is this mixed-use property located?
The property is located at 2845 NE M L KING BLVD NE Portland, OR.
What is the asking price?
The asking price for this property is $1,370,000.
What are key features of this property?
This property features: Six one‑bedroom apartments plus a commercial storefront; Commercial area can be separated into two units; In‑unit laundry and air conditioning in every apartment
