Historic Mixed-Use
817 Exchange St Astoria, OR 97103
817 Exchange St, Astoria, OR, 97103
$499,000
For Sale
$499,000
Historic building configured as three rental units with C-4 zoning for commercial, retail, or mixed-use possibilities.
Property Size2,547 SF
Price / SF$195.92
Days on Market31
Property Features for 817 Exchange St
General Information
- Standard status
- Active
- Size
- 2,547 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1852
Listing agency
RE/MAX Coastal Advantage
(503) 791-5770
Listed by
Darlene Van Auken · License #201235663
(503) 791-5770
Source
Allprofessionalsre
Added: Jun 22 Updated: Jul 21 at 11:13PM Checked: Jul 21 at 11:13PM
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 RE/MAX Coastal Advantage
Investment Insights
Based on property information with market context.
This historic property dates to circa 1852 and is currently configured as three rental units, totaling approximately 2,547 square feet. As a mixed-use-ready asset under C-4 Commercial zoning, it offers flexible options for commercial, retail, or mixed-use use, subject to verification with the City of Astoria.
The property is located in downtown Astoria, with access to area shopping, restaurants, and attractions, and is described as benefiting from excellent foot traffic near the Columbia River.
Buyers should confirm their intended use and any development or permitting requirements with the City of Astoria based on the C-4 zoning designation.
The property is located in downtown Astoria, with access to area shopping, restaurants, and attractions, and is described as benefiting from excellent foot traffic near the Columbia River.
Buyers should confirm their intended use and any development or permitting requirements with the City of Astoria based on the C-4 zoning designation.
Key Highlights
- Historic building built circa 1852, currently configured as three rental units
- Approx. 2,547 SF total building area
- C‑4 Commercial zoning with potential for commercial, retail, or mixed‑use—buyer to verify intended use with the City of Astoria
Local Financial Insights For Multifamily LT 5
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 | $35.1k | $13.80 |
| − Vacancy | −$9.0k | −$3.54 |
| EGI | $26.1k | $10.26 |
| − OpEx | −$7.8k | −$3.08 |
| NOI | $18.3k | $7.18 |
2,547 SF · lease $13.80/SF/yr · vacancy 25.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$261.3K
$228.7K – $304.9K
NOI $18,293 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$236.7K
$207.1K – $276.1K
NOI $16,566 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$740.5K
$648.0K – $864.0K
NOI $51,837 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Historic building configured as three rental units with C-4 zoning for commercial, retail, or mixed-use possibilities.
Where is this triplex located?
The property is located at 817 Exchange St Astoria, 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: Historic building built circa 1852, currently configured as three rental units; Approx. 2,547 SF total building area; C‑4 Commercial zoning with potential for commercial, retail, or mixed‑use—buyer to verify intended use with the City of Astoria
