Live-Work Building with Street
5232 N WILLIAMS Portland, OR 97217
New
For Sale
$499,000
Street-level commercial suite with private entrance and soaring ceilings, plus an upper residence with an open-concept layout.
Property Size1,433 SF
Price / SF$348.22
Days on Market6
Property Features for 5232 N WILLIAMS
General Information
- Standard status
- Active
- Size
- 1,433 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2009
Listing Agency:
WINDERMERE REALTY TRUST
(503) 284-7755
Listed By:
KATE ALVORD
Source:
Corcoran
Added: Jul 22
Changed: Jul 24
Last Checked: Jul 26 at 7:16AM
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 WINDERMERE REALTY TRUST
Investment Insights
Based on property information with market context.
This live-work property combines a street-level commercial suite with a separate upper residence. The street-level space includes its own private entrance, soaring ceilings, polished concrete floors, and a newly remodeled bathroom. The residence above is designed with an open-concept layout, tall ceilings, and contemporary finishes, and it includes a spacious deck.
The property is located at 5232 N WILLIAMS in Portland and is described as having a Walk/Bike Score of 91/100 and a Home Energy Score of 9.
The overall layout supports flexible use, allowing the option to operate a business from the street-level suite while living upstairs, or to generate income through a separate commercial tenant.
The property is located at 5232 N WILLIAMS in Portland and is described as having a Walk/Bike Score of 91/100 and a Home Energy Score of 9.
The overall layout supports flexible use, allowing the option to operate a business from the street-level suite while living upstairs, or to generate income through a separate commercial tenant.
Key Highlights
- Built in 2009 live/work property with both an upper residence and a street‑level commercial suite.
- Street‑level commercial suite has its own private entrance, soaring ceilings, polished concrete floors, and a newly remodeled bathroom.
- Upper residence features an open‑concept layout with tall ceilings and contemporary finishes.
Financial Insights For Mixed Use
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 | $34.4k | $24.00 |
| − Vacancy | −$3.4k | −$2.40 |
| EGI | $31.0k | $21.60 |
| − OpEx | −$11.6k | −$8.10 |
| NOI | $19.3k | $13.50 |
1,433 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$276.4K
$241.8K – $322.4K
NOI $19,346 @ 7.0% cap · market cap 3.88%
Second Best
Office B
$265.0K
$231.9K – $309.2K
NOI $18,550 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$402.4K
$352.1K – $469.5K
NOI $28,170 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Street-level commercial suite with private entrance and soaring ceilings, plus an upper residence with an open-concept layout.
Where is this live-work space located?
The property is located at 5232 N WILLIAMS Portland, OR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Built in 2009 live/work property with both an upper residence and a street‑level commercial suite.; Street‑level commercial suite has its own private entrance, soaring ceilings, polished concrete floors, and a newly remodeled bathroom.; Upper residence features an open‑concept layout with tall ceilings and contemporary finishes.
