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Mixed-Use Property With Retail Suite
New
For Sale
$3,150,000

5042 NE FREMONT ST, Portland, OR 97213

2023-built asset combines ten apartments with a ground-floor commercial suite and exterior-access circulation.

Property Size5,653 SF
Days on Market5

Property Features for 5042 NE FREMONT ST

General Information

Standard status Active
Size 5,653 SF
Property subtype Multi Family

Units

Unit Mix 10 x 1BR/1BA
Multifamily Units 10

Taxes and HOA fees

Annual Taxes $25,360

Building Details

Building Size 5,653 SF
Year Built 2023
Listing Agency: Knipe Realty ERA Powered
Listed By: Daniel Silvey · License #201209834
Source: Coastalsothebysrealty
Added: Aug 5 Changed: Aug 9 Last Checked: Aug 9 at 4:27AM

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 Knipe Realty ERA Powered

Investment Insights

Based on property information with market context.

This mixed-use property includes 10 one-bedroom, one-bathroom apartments and a single retail suite at ground level. Completed in 2023, the building uses a walk-up design with outdoor access to the residential units rather than extensive interior common areas.

Residents reach the apartments through a gated entry, exterior staircase, and open-air corridors. The property is located along NE Fremont Street in Portland’s Beaumont Village neighborhood, providing a combination of residential income units and street-level commercial space within one building.

Key Highlights

  • 10 one‑bedroom, one‑bathroom apartment units
  • One ground‑floor retail suite
  • Built in 2023

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Nail Salon Auto Parts Store HVAC Service Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

736
Businesses Nearby

Demographics for 97213, OR

31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - 2023-built asset combines ten apartments with a ground-floor commercial suite and exterior-access circulation.
Where is this mixed-use property located?
The property is located at 5042 NE FREMONT ST Portland, OR.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 10 one‑bedroom, one‑bathroom apartment units; One ground‑floor retail suite; Built in 2023
More about this property
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