Two-Building Neighborhood
4339 4337 NE Killingsworth Street Portland, OR 97218
4339 4337 NE Killingsworth Street, Portland, OR, 97218
$2,100,000
For Sale
$2,100,000
Income-producing storefront property with two separate buildings on individual tax lots, supported by long-term tenants in Portland’s Cully area.
Property Size6,520 SF
Price / SF$322.09
Days on Market158
Property Features for 4339 4337 NE Killingsworth Street
General Information
- Standard status
- Active
- Size
- 6,520 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1971
Listing agency
Modern Realty
Listed by
David Brownlee
(877) 319-7625
Source
Century21northhomes
Added: Feb 14 Updated: Jul 20 at 6:24PM Checked: Jul 22 at 7:27AM
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 Modern Realty
Investment Insights
Based on property information with market context.
Located in the Cully Neighborhood of Portland, this income-producing retail property includes two separate buildings on individual tax lots. The asset is currently operated with long-standing tenants, contributing to stability for an owner seeking dependable occupancy.
The buildings are positioned near a newly completed 84-unit PCC housing development next door, which adds to the area’s residential presence.
This offering is structured as a two-building storefront investment and provides a straightforward acquisition for investors interested in long-term tenancy within a neighborhood retail setting.
The buildings are positioned near a newly completed 84-unit PCC housing development next door, which adds to the area’s residential presence.
This offering is structured as a two-building storefront investment and provides a straightforward acquisition for investors interested in long-term tenancy within a neighborhood retail setting.
Key Highlights
- Year built 1971 commercial property in Portland’s Cully neighborhood.
- Two separate buildings on individual tax lots.
- Income‑producing storefront property supported by long‑term tenants.
Local Financial Insights For Specialty Retail
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 | $125.2k | $19.20 |
| − Vacancy | −$8.1k | −$1.25 |
| EGI | $117.0k | $17.95 |
| − OpEx | −$29.3k | −$4.49 |
| NOI | $87.8k | $13.46 |
6,520 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,785 @ 7.0% cap · market cap 4.18%
Second Best
Retail
$1.09M
$949.9K – $1.27M
NOI $75,991 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,168 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bone’s Smoke & Brew
(Bike/Boat/Book/etc) Store
Minit Man Market
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Income-producing storefront property with two separate buildings on individual tax lots, supported by long-term tenants in Portland’s Cully area.
Where is this grocery and convenience store located?
The property is located at 4339 4337 NE Killingsworth Street Portland, OR.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Year built 1971 commercial property in Portland’s Cully neighborhood.; Two separate buildings on individual tax lots.; Income‑producing storefront property supported by long‑term tenants.
