Live-Work Property with Commercial
For Sale
$475,000
5232 N WILLIAMS Ave, Portland, OR 97217
CommercialSale, Portland, OR
Property Size1,433 SF
Price / SF$331.47
Days on Market167
Property Features for 5232 N WILLIAMS Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RM2
Directions
On Williams Ave north of N Alberta St
Subdivision
_141
Standard status
Active
APN
R625271
Size
1,433 SF
Taxes and HOA fees
Tax Description
WILLIAMS FIVE CONDOMINIUM, LOT 5232
Tax Annual Amount
9194
Legal Description
WILLIAMS FIVE CONDOMINIUM, LOT 5232
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump, Central Air
Amenities
private entrance
soaring ceilings
polished concrete floors
newly remodeled bathroom
Building Details
Year built
2009
Floors in Building
3
Roof type
Composition
Listing Agency:
Windermere Realty Trust · Windermere Real Estate
(503) 284-7755
Listed By:
Kate Alvord
(503) 708-2712
Added: May 1
Changed: Oct 14
Last Checked: Oct 14 at 8:06PM
MLS# 174036339
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 2009 live-work property combines an upper-level residence with a commercial suite at street level. The commercial space has a private entrance, high ceilings, polished concrete floors and a remodeled bathroom. The residence offers an open layout, natural light, tall ceilings and contemporary finishes, along with a deck oriented toward sunset views of the Tualatin Mountains.
The property is in Portland, Oregon, and is zoned RM2. Its listed area is 1,433 square feet. Heating and cooling are provided by heat pumps, with central air also specified for cooling.
The property is in Portland, Oregon, and is zoned RM2. Its listed area is 1,433 square feet. Heating and cooling are provided by heat pumps, with central air also specified for cooling.
Key Highlights
- Street‑level commercial suite with separate private entrance
- 1,433 square feet of listed property area
- RM2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,346
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,920
$386.9K
Cap Rate 7%
$276,371
$276.4K
Cap Rate 9%
$214,956
$215.0K
Market Conditions
NOI Build-Up for 1,433 SF
Gross rent
$34.4K $24.00/SF
− Vacancy
−$3.4K −$2.40/SF
EGI
$31.0K $21.60/SF
− OpEx
−$11.6K −$8.10/SF
NOI
$19.3K $13.50/SF
Area
Portland, OR
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%
$386,920
Cap Rate 7%
$276,371
Cap Rate 9%
$214,956
Alternative Uses
Best Use
Mixed Use
$276.4K
$241.8K – $322.4K
NOI $19,346 @ 7.0% cap · market cap 4.07%
Second Best
Office B
$265.0K
$231.9K – $309.2K
NOI $18,550 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$402.4K
$352.1K – $469.5K
NOI $28,170 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Portland, OR
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Frequently Asked Questions
What type of property is this?
Live-work space - A separate upper-level residence pairs with a street-facing workspace featuring its own entrance and polished concrete flooring.
Where is this live-work space located?
The property is located at 5232 N WILLIAMS Ave Portland, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Street‑level commercial suite with separate private entrance; 1,433 square feet of listed property area; RM2 zoning
