7843-7845 SW Capitol Hwy, Portland, OR

Listing agent Michael Kapnick

Listing office Northmarq | Lake Oswego Show Phone

Listing date Sep 22, 2025

Source Moodyscre

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Overview

Located in the high-demand Portland neighborhood of Multnomah Village, this property offers a prime investment opportunity. The location benefits from a dense residential area with over 110,000 people within a 3-mile radius and affluent demographics, including an average household income of over $169,000 within a 1.5-mile radius. The property is situated in a walkable location near restaurants, retail, parks, and community amenities, with strong connectivity via SW Multnomah Blvd to I-5 & Hwy 99W, which sees over 130,000 vehicles per day combined. Over 1,300 new multifamily units have been built nearby since 2022, with an occupancy rate exceeding 91%. The property features small-format suites, averaging 400 square feet, which meet growing demand and reduce leasing risk. The property is 96% occupied at below-market rents, offering strong value-add potential. One-third of the gross leasable area has been occupied by long-term tenants for over 10 years. The flexible zoning allows for retail, office, and residential uses. The property is located in an exceptionally tight office submarket with less than 1% vacancy.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Portland

County

Washington

State

Oregon

Longitude

-122.714

Latitude

45.4681

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FAQs

What type of property is this?

Retail space - Prime location with value-add potential in high-demand Portland neighborhood.

Where is this retail space located?

The property is located at 7843-7845 SW Capitol Hwy Portland, OR.

What is the asking price?

The asking price for this property is $1,790,000.

What are key features of this property?

This property features: High‑demand location in Multnomah Village.; Strong value‑add potential due to below‑market rents and 96% occupancy.; Exceptionally tight office submarket with <1% vacancy.