Mixed-Use Building with
For Sale
$3,500,000
8212 N DENVER AVE, Portland, OR 97217
Three street-level commercial suites sit below 11 apartments and micro units, with shared resident kitchens and outdoor areas.
Property Size14,100 SF
Days on Market234
Property Features for 8212 N DENVER AVE
General Information
Standard status
Active
Size
14,100 SF
Property subtype
MULTI_FAMILY
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR, 1 x double-sized micro, 7 x standard micro, 1 x streamlined micro
Multifamily Units
11
Taxes and HOA fees
Annual Taxes
$16,971
Amenities
common kitchen
dining space
enclosed grilling area
rear deck
washer/dryer
powder rooms
shower rooms
storage units
Building Details
Building Size
14,100 SF
Year Built
1911
Buildings
1
Tenancy
Multi
Listing Agency:
eXp Realty, LLC
Listed By:
Evan Nelson · License #201206804
(310) 422-6044
Source:
Eleeterealestate
Added: Feb 18
Changed: Oct 10
Last Checked: Oct 10 at 3:03AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines three commercial spaces on the main level with 11 residential units above. The storefronts are occupied by a restaurant, salon, and record shop, and each commercial unit has its own meter. The residential mix includes two one-bedroom apartments and nine micro units; eight of the micro units have kitchenettes, while one does not. The building has undergone remodeling since its 2018 acquisition.
Resident amenities include a common kitchen and dining area, an enclosed grilling space with a built-in BBQ and gas fire pit, and a rear deck with seating. A washer and dryer closet, two powder rooms, and two shower rooms serve the residential floors. The mostly open basement contains three secured storage units and offers additional space for other uses.
Located on N Denver Ave in Portland, the property is in a walkable, bike-friendly area near transit, parks, and local businesses.
Resident amenities include a common kitchen and dining area, an enclosed grilling space with a built-in BBQ and gas fire pit, and a rear deck with seating. A washer and dryer closet, two powder rooms, and two shower rooms serve the residential floors. The mostly open basement contains three secured storage units and offers additional space for other uses.
Located on N Denver Ave in Portland, the property is in a walkable, bike-friendly area near transit, parks, and local businesses.
Key Highlights
- Three ground‑floor commercial spaces and 11 upper‑level residential units
- Commercial spaces are occupied by a restaurant, salon, and record shop; each has an individual meter
- Residential mix includes two one‑bedroom apartments and nine micro units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,350
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,807,000
$3.8M
Cap Rate 7%
$2,719,286
$2.7M
Cap Rate 9%
$2,115,000
$2.1M
Market Conditions
NOI Build-Up for 14,100 SF
Gross rent
$338.4K $24.00/SF
− Vacancy
−$33.8K −$2.40/SF
EGI
$304.6K $21.60/SF
− OpEx
−$114.2K −$8.10/SF
NOI
$190.4K $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%
$3,807,000
Cap Rate 7%
$2,719,286
Cap Rate 9%
$2,115,000
Alternative Uses
Best Use
Mixed Use
$2.72M
$2.38M – $3.17M
NOI $190,350 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$2.59M
$2.26M – $3.02M
NOI $181,044 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$3.96M
$3.46M – $4.62M
NOI $277,174 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
11
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
845
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three street-level commercial suites sit below 11 apartments and micro units, with shared resident kitchens and outdoor areas.
Where is this mixed-use property located?
The property is located at 8212 N DENVER AVE Portland, OR.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Three ground‑floor commercial spaces and 11 upper‑level residential units; Commercial spaces are occupied by a restaurant, salon, and record shop; each has an individual meter; Residential mix includes two one‑bedroom apartments and nine micro units
