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    3906 S Kelly St Portland, OR 97239

    For Sale
    $1,500,000

    Versatile mixed-use building in South Waterfront near OHSU.

    Property size:
    3,186 SF

    Property Features for 3906 S Kelly St

    General Information

    Standard status
    Active
    Size
    3,186 SF

    Building Details

    Year built
    1908

    Source: EARNEST REAL ESTATE Agent BETH EARNEST

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Waterfront Mixed-Use Building

    Located in the South Waterfront area near the OHSU Plaza and OHSU Center for Health & Healing I & II, the original Kelly House is a commercial/office residential mixed-use building featuring notable architecture and versatile spaces. The property has been meticulously maintained and restored. Potential uses include medical offices, counseling and mental health services, spa and massage therapy, acupuncture, educational classrooms, and student housing. The property features a wraparound porch, balconies, Mt Hood views, and architectural details. The Classic Portland Craftsman architecture is highlighted by woodwork and trim, built-ins, fireplaces, hardwood and wood floors, spacious rooms with high ceilings, crown moldings, and tin ceilings. A full, dry basement with higher ceilings provides additional spaces for development. The property size is 3186 square feet. The lot, approximately 100x100, includes a paved section with 10 off-street parking spaces. There is potential for renting to food carts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Best Friends Veterinary Medical Center, Wildwood Veterinary Clinic, Ryan Cain, P.A.-C., Walker Janelle DVM

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6223582
    Latitude
    45.4996347

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    FAQs

    What type of property is this?
    Medical office - Versatile mixed-use building in South Waterfront near OHSU.
    Where is this medical office located?
    The property is located at 3906 S Kelly St Portland, OR.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Prime South Waterfront location near OHSU Plaza and OHSU Center for Health & Healing I & II.; - Versatile Commercial/Office Residential mixed-use building with multifaceted potential uses (medical, counseling, spa, education, housing).; - Meticulously maintained and restored original Kelly House with stunning architecture.
    Request Owner's contact information
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    Portland, OR 97239
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3906 S Kelly St Portland, OR 97239
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