Live-Work Commercial
For Sale
$1,650,000
4033 SE Milwaukie Ave, Portland, OR 97202
Vacant at closing, the property supports an owner-occupied live-work use.
Property Size8,620 SF
Price / SF$191.42
Days on Market50
Property Features for 4033 SE Milwaukie Ave
General Information
Standard status
Active
Size
8,620 SF
Building Details
Year Built
1956
Listing Agency:
Westlake Properties
Listed By:
John Welsh
(503) 381-9551
Source:
Wisser
Added: Sep 4
Changed: Oct 5
Last Checked: Oct 5 at 11:15PM
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 Westlake Properties
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Investment Insights
Based on property information with market context.
This commercial building is positioned for a live-work configuration and will be delivered vacant at closing. The property includes frontage along SE Milwaukie Avenue, providing a defined street presence for an owner-occupant seeking combined commercial and residential functionality.
The address is 4033 SE Milwaukie Avenue in Portland, Oregon 97202.
The address is 4033 SE Milwaukie Avenue in Portland, Oregon 97202.
Key Highlights
- Live‑work configuration supported
- Vacant at closing
- Frontage along SE Milwaukie Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,582
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,391,640
$2.4M
Cap Rate 7%
$1,708,314
$1.7M
Cap Rate 9%
$1,328,689
$1.3M
Market Conditions
NOI Build-Up for 8,620 SF
Gross rent
$217.2K $25.20/SF
− Vacancy
−$57.8K −$6.70/SF
EGI
$159.4K $18.50/SF
− OpEx
−$39.9K −$4.62/SF
NOI
$119.6K $13.87/SF
Area
ZIP 97202
Vacancy
26.60%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,391,640
Cap Rate 7%
$1,708,314
Cap Rate 9%
$1,328,689
Alternative Uses
Best Use
Office B
$1.71M
$1.49M – $1.99M
NOI $119,582 @ 7.0% cap · market cap 7.25%
Second Best
Mixed Use
$1.63M
$1.42M – $1.90M
NOI $113,784 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $143,954 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
983
Businesses Nearby
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Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Live-work space - Vacant at closing, the property supports an owner-occupied live-work use.
Where is this live-work space located?
The property is located at 4033 SE Milwaukie Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Live‑work configuration supported; Vacant at closing; Frontage along SE Milwaukie Avenue
