Mixed-Use Property With Commercial
4270-4290 SE Milwaukie Ave, Portland, OR 97202
For Sale
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Newly built mixed-use asset combining apartments with flexible ground-floor retail, service, or office suites.
Property Size26,702 SF
Lot Size0.24 Acres
Price / SF$261.57
Days on Market59
Property Features for 4270-4290 SE Milwaukie Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Sprinkler System
Multifamily Units
Amenities
polished concrete floors
exposed wood-beam ceilings
natural light
glass storefronts
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Premiere Property Group - Fremont
(971) 271-8932
Listed By:
Tod Breslau · License OR #200204192
(503) 740-4888
Source:
Moodyscre
Added: Sep 17
Changed: Nov 8
Last Checked: Nov 14 at 3:19AM
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 Premiere Property Group - Fremont
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Investment Insights
Based on property information with market context.
Completed in 2021, this mixed-use property combines 20 residential apartments with three commercial suites at street level. The building contains approximately 26,702 square feet of gross area on a 0.24-acre site and is fully sprinklered. Residential interiors include luxury vinyl plank flooring, quartz countertops, wood cabinetry, tile backsplashes, stainless appliances, in-unit HVAC, and washers and dryers.
The commercial suites feature polished concrete floors, exposed wood-beam ceilings, natural light, and glass storefronts. Their configuration supports retail, service, or office occupancy, providing a combination of residential and commercial components within one building.
The commercial suites feature polished concrete floors, exposed wood-beam ceilings, natural light, and glass storefronts. Their configuration supports retail, service, or office occupancy, providing a combination of residential and commercial components within one building.
Key Highlights
- 20 residential apartments and 3 ground‑floor commercial suites
- Approximately 26,702 SF of gross building area on 0.24 acres
- Built in 2021 and fully sprinklered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$373,454
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,469,080
$7.5M
Cap Rate 7%
$5,335,057
$5.3M
Cap Rate 9%
$4,149,489
$4.1M
Market Conditions
NOI Build-Up for 26,702 SF
Gross rent
$576.8K $21.60/SF
− Vacancy
−$43.3K −$1.62/SF
EGI
$533.5K $19.98/SF
− OpEx
−$160.1K −$5.99/SF
NOI
$373.5K $13.99/SF
Area
ZIP 97202
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,469,080
Cap Rate 7%
$5,335,057
Cap Rate 9%
$4,149,489
Alternative Uses
Best Use
Retail
$5.34M
$4.67M – $6.22M
NOI $373,454 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$5.15M
$4.50M – $6.00M
NOI $360,245 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$6.37M
$5.57M – $7.43M
NOI $445,923 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
20
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
772
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
$684,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Portland, OR
Properties on Market for Mixed-use properties in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Newly built mixed-use asset combining apartments with flexible ground-floor retail, service, or office suites.
Where is this mixed-use property located?
The property is located at 4270-4290 SE Milwaukie Ave Portland, OR.
What is the asking price?
The asking price for this property is $6,984,320.
What are key features of this property?
This property features: 20 residential apartments and 3 ground‑floor commercial suites; Approximately 26,702 SF of gross building area on 0.24 acres; Built in 2021 and fully sprinklered
