Updated First-Floor Live-Work
New
For Sale
$325,000
5400 NE 30TH #102, Portland, OR 97211
Flexible studio with updated finishes, shared laundry, and access to a maintained backyard.
Property Size686 SF
Price / SF$473.76
Days on Market3
Property Features for 5400 NE 30TH #102
General Information
Standard status
Active
Size
686 SF
Property subtype
Commercial
Additional Details
Floor
1
Amenities
shared laundry room
shared backyard
Forced Air Heating
On Site
Building Details
Year Built
1946
Listing Agency:
THE BAKER AGENCY
(503) 676-7673
Listed By:
LANDON DAVIS
Source:
Corcoran
Added: Jul 29
Changed: Jul 31
Last Checked: Jul 31 at 11:58AM
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 THE BAKER AGENCY
Investment Insights
Based on property information with market context.
This 686-square-foot first-floor studio was fully updated and remodeled, with refreshed finishes and an open layout that supports flexible use as a live-work space, home-based business, small office, or residential unit. Built in 1946, the property offers a clean, adaptable setting with convenient first-floor access.
Building amenities include a shared laundry room and spacious shared backyard. Trash, sewer, and exterior maintenance are covered. The property is located at NE 30th and Killingsworth in Concordia, steps from the Alberta Arts District. Coffee shops, restaurants, galleries, and New Seasons Market are within a few blocks, with walkable and bikeable surroundings.
Building amenities include a shared laundry room and spacious shared backyard. Trash, sewer, and exterior maintenance are covered. The property is located at NE 30th and Killingsworth in Concordia, steps from the Alberta Arts District. Coffee shops, restaurants, galleries, and New Seasons Market are within a few blocks, with walkable and bikeable surroundings.
Key Highlights
- 686‑square‑foot fully updated and remodeled studio
- First‑floor layout with flexible live‑work, office, business, or residential use
- Shared laundry room and spacious shared backyard
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 | $16.5k | $24.00 |
| − Vacancy | −$1.6k | −$2.40 |
| EGI | $14.8k | $21.60 |
| − OpEx | −$5.6k | −$8.10 |
| NOI | $9.3k | $13.50 |
686 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$132.3K
$115.8K – $154.4K
NOI $9,261 @ 7.0% cap · market cap 2.85%
Second Best
Office B
$126.9K
$111.0K – $148.0K
NOI $8,880 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$192.6K
$168.6K – $224.8K
NOI $13,485 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Flexible studio with updated finishes, shared laundry, and access to a maintained backyard.
Where is this live-work space located?
The property is located at 5400 NE 30TH #102 Portland, OR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 686‑square‑foot fully updated and remodeled studio; First‑floor layout with flexible live‑work, office, business, or residential use; Shared laundry room and spacious shared backyard
