CG-Zoned Mixed-Use
For Sale
$649,900
4121 SE 60TH Ave, Portland, OR 97206
CommercialSale, Portland, OR
Property Size2,625 SF
Lot Size0.07 Acres
Price / SF$247.58
Days on Market115
Property Features for 4121 SE 60TH Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Directions
Foster Rd & 60th
Subdivision
_143
Standard status
Active
APN
R224541
Size
2,625 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
MYRTLE, BLOCK 4, N 35' OF LOT 12&13
Tax Annual Amount
4755
Legal Description
MYRTLE, BLOCK 4, N 35' OF LOT 12&13
Utilities
Heating system
Forced Air
Building Details
Year built
1984
Building materials
Block
Roof type
Flat
Listing Agency:
Tim Shannon Realty, Inc.
Listed By:
Tim Shannon · License #890800048
(503) 309-4106
Added: Jun 18
Changed: Oct 10
Last Checked: Oct 10 at 2:06PM
MLS# 758233692
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property contains 2,625 square feet on a 0.07-acre parcel at 4121 SE 60TH Ave in Portland, Oregon. The building was constructed in 1984 with block exterior construction, forced-air heating, and a flat roof.
The property is zoned CG and is located in Multnomah County within the 97206 postal area. Its compact site and established building provide a defined commercial property footprint for evaluation.
The property is zoned CG and is located in Multnomah County within the 97206 postal area. Its compact site and established building provide a defined commercial property footprint for evaluation.
Key Highlights
- 2,625‑square‑foot mixed‑use property
- 0.07‑acre parcel at 4121 SE 60TH Ave, Portland, OR 97206
- CG zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,438
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,760
$708.8K
Cap Rate 7%
$506,257
$506.3K
Cap Rate 9%
$393,756
$393.8K
Market Conditions
NOI Build-Up for 2,625 SF
Gross rent
$63.0K $24.00/SF
− Vacancy
−$6.3K −$2.40/SF
EGI
$56.7K $21.60/SF
− OpEx
−$21.3K −$8.10/SF
NOI
$35.4K $13.50/SF
Area
ZIP 97206
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,760
Cap Rate 7%
$506,257
Cap Rate 9%
$393,756
Alternative Uses
Best Use
Mixed Use
$506.3K
$443.0K – $590.6K
NOI $35,438 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$737.2K
$645.0K – $860.0K
NOI $51,602 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Block construction, forced-air heating, and a flat roof define the existing improvements.
Where is this mixed-use property located?
The property is located at 4121 SE 60TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2,625‑square‑foot mixed‑use property; 0.07‑acre parcel at 4121 SE 60TH Ave, Portland, OR 97206; CG zoning
