Historic Multi-Level Office
317 Northeast Sacramento Street Portland, OR 97212
For Sale
$445,000
Multi-level office building on a compact urban lot, built in 1904 and renovated for office use in 2023.
Property Size2,256 SF
Lot Size0.08 Acres
Price / SF$197.25
Days on Market93
Property Features for 317 Northeast Sacramento Street
General Information
- Standard status
- Active
- Size
- 2,256 SF
- Lot size
- 0.08 Acres
- Property subtype
- OFC, OFC-RET, MU
Building Details
- Year Built
- 1904
Listing Agency:
Keller WIlliams Realty Portland Premiere
(503) 442-4257
Listed By:
Cameron Schwab · License #201220872, Oregon
(503) 442-4257
Source:
Realnex
Added: Apr 22
Changed: Jul 23
Last Checked: Jul 23 at 9:27AM
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 Keller WIlliams Realty Portland Premiere
Investment Insights
Based on property information with market context.
317 NE Sacramento St is a historic, multi-level office building originally constructed in 1904 and renovated for office use in 2023. The property is currently configured as a boutique office converted from residential use, offering a functional layout suited to immediate occupancy.
The building is located in Portland’s NE Close-In submarket, just off NE Martin Luther King Jr. Blvd, within a surrounding area characterized by dense residential population and active commercial corridors with strong transit accessibility.
Zoned CM3, the site is positioned for commercial and mixed-use applications consistent with Portland’s urban infill development environment.
The building is located in Portland’s NE Close-In submarket, just off NE Martin Luther King Jr. Blvd, within a surrounding area characterized by dense residential population and active commercial corridors with strong transit accessibility.
Zoned CM3, the site is positioned for commercial and mixed-use applications consistent with Portland’s urban infill development environment.
Key Highlights
- 1904‑built, multi‑level office building with historic character and modern office usability
- Recently renovated for office use in 2023
- Approx. 2,190–2,256 SF configured as a boutique office converted from residential use
Financial Insights For Office B
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 | $51.4k | $22.80 |
| − Vacancy | −$12.5k | −$5.54 |
| EGI | $38.9k | $17.26 |
| − OpEx | −$9.7k | −$4.31 |
| NOI | $29.2k | $12.94 |
2,256 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$417.2K
$365.0K – $486.7K
NOI $29,203 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$633.5K
$554.4K – $739.1K
NOI $44,348 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Multi-level office building on a compact urban lot, built in 1904 and renovated for office use in 2023.
Where is this office building located?
The property is located at 317 Northeast Sacramento Street Portland, OR.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 1904‑built, multi‑level office building with historic character and modern office usability; Recently renovated for office use in 2023; Approx. 2,190–2,256 SF configured as a boutique office converted from residential use
