Renovated Corner Live-Work
4076 N Mississippi Ave Portland, OR 97227
For Sale
Contact for pricing
Renovated live-work building on a corner lot with creative office space and a separate apartment entrance.
Property Size2,727 SF
Lot Size0.11 Acres
Price / SF$328.20
Days on Market126
Property Features for 4076 N Mississippi Ave
General Information
Standard status
Active
Size
2,727 SF
Lot size
0.11 Acres
Property subtype
OFFICE
Listing Agency:
Capacity Commercial Group
(503) 314-1099
Listed By:
Jason VanAbrams
(503) 314-1099
Source:
Moodyscre
Added: Mar 26
Changed: Jul 26
Last Checked: Jul 29 at 3:17PM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This renovated live-work building sits on a 5,000 SF corner lot and was converted from a classic bungalow into flexible creative office space. The layout includes two above-grade floors with large windows designed to bring in natural light. A daylight basement apartment is separately accessed through a dedicated entrance, supporting an additional private living/work setup.
The property includes a garage and a fenced yard with a patio. It’s located in a retail and shopping neighborhood along N. Mississippi Ave in NE Portland, with transit access approximately eight blocks to the MAX Yellow Line, and it is minutes to downtown Portland with proximity to I-5 and I-405.
Designed for potential retail or medical office use, the building’s corner-lot presence and multi-level configuration provide workable space for day-to-day operations alongside the separate apartment access.
The property includes a garage and a fenced yard with a patio. It’s located in a retail and shopping neighborhood along N. Mississippi Ave in NE Portland, with transit access approximately eight blocks to the MAX Yellow Line, and it is minutes to downtown Portland with proximity to I-5 and I-405.
Designed for potential retail or medical office use, the building’s corner-lot presence and multi-level configuration provide workable space for day-to-day operations alongside the separate apartment access.
Key Highlights
- Renovated live/work building on a 5,000 SF corner lot at N Mississippi Ave and N Mason St
- ±2,727 SF total with classic bungalow converted to creative office space
- Office features 2 above‑grade floors with large windows for natural light
Financial Insights For Healthcare Medical
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 | $72.0k | $26.40 |
| − Vacancy | −$5.8k | −$2.11 |
| EGI | $66.2k | $24.29 |
| − OpEx | −$26.5k | −$9.72 |
| NOI | $39.7k | $14.57 |
2,727 SF · lease $26.40/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$567.7K
$496.8K – $662.3K
NOI $39,740 @ 7.0% cap · market cap 4.44%
Second Best
Mixed Use
$525.9K
$460.2K – $613.6K
NOI $36,815 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$765.8K
$670.1K – $893.5K
NOI $53,607 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Renovated live-work building on a corner lot with creative office space and a separate apartment entrance.
Where is this live-work space located?
The property is located at 4076 N Mississippi Ave Portland, OR.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Renovated live/work building on a 5,000 SF corner lot at N Mississippi Ave and N Mason St; ±2,727 SF total with classic bungalow converted to creative office space; Office features 2 above‑grade floors with large windows for natural light
