Mixed-Use Building with
For Sale
$499,900
29 S Nehalem St, Clatskanie, OR 97016
Combines four apartments with a commercial space in one established Oregon property.
Property Size3,875 SF
Price / SF$129.01
Days on Market62
Property Features for 29 S Nehalem St
General Information
Standard status
Active
Size
3,875 SF
Property subtype
Commercial
Additional Details
Multifamily Units
4
Building Details
Year Built
1887
Buildings
1
Tenancy
Multi
Listing Agency:
Popkin Real Estate, LLC
Listed By:
Lawrence Bensel · License #201213900
(503) 791-8363
Source:
Heartandhomesnw
Added: Aug 29
Changed: Oct 25
Last Checked: Oct 28 at 8:47AM
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 Popkin Real Estate, LLC
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Investment Insights
Based on property information with market context.
Built in 1887, this 3,875-square-foot mixed-use property combines four apartments with one commercial space. The configuration brings residential and commercial uses together within a single building at 29 S Nehalem St in Clatskanie, Oregon.
The commercial portion is positioned midway between Longview and Astoria and has direct exposure to traffic moving through the area. Clatskanie has a population of approximately 1,700 and offers restaurants, coffee shops, a public pool, tennis courts, and a modern campsite. Nearby rivers contribute to year-round tourism activity in the surrounding area.
The commercial portion is positioned midway between Longview and Astoria and has direct exposure to traffic moving through the area. Clatskanie has a population of approximately 1,700 and offers restaurants, coffee shops, a public pool, tennis courts, and a modern campsite. Nearby rivers contribute to year-round tourism activity in the surrounding area.
Key Highlights
- Four apartments and one commercial space
- 3,875 SF mixed‑use property
- Built in 1887
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,163
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,260
$903.3K
Cap Rate 7%
$645,186
$645.2K
Cap Rate 9%
$501,811
$501.8K
Market Conditions
NOI Build-Up for 3,875 SF
Gross rent
$69.8K $18.00/SF
− Vacancy
−$5.2K −$1.35/SF
EGI
$64.5K $16.65/SF
− OpEx
−$19.4K −$5.00/SF
NOI
$45.2K $11.66/SF
Area
Columbia County, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,260
Cap Rate 7%
$645,186
Cap Rate 9%
$501,811
Alternative Uses
Best Use
Mixed Use
$747.3K
$653.9K – $871.9K
NOI $52,313 @ 7.0% cap · market cap 10.46%
Second Best
Apartment 5plus
$710.8K
$621.9K – $829.3K
NOI $49,755 @ 7.0% cap · market cap 9.95%
Theoretical Best
Office A
$1.05M
$915.2K – $1.22M
NOI $73,217 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
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Business Placement
Demographics for 97016, OR
6,162
Population
3,115
Households
2
Avg Household Size
47
Median Age
14%
College-Educated
89%
High-School Grad
230.0 sq mi
ZIP Area
27
Density / Sq Mi
$67,500
Median Household Income
$45,393
Median Earnings
$887
Median Rent
$296,700
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines four apartments with a commercial space in one established Oregon property.
Where is this mixed-use property located?
The property is located at 29 S Nehalem St Clatskanie, 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: Four apartments and one commercial space; 3,875 SF mixed‑use property; Built in 1887
