Mixed-Use Building with
For Sale
$3,500,000
8212 N DENVER Ave, Portland, OR 97217
CommercialSale, Portland, OR
Property Size14,100 SF
Lot Size0.12 Acres
Price / SF$248.23
Days on Market520
Property Features for 8212 N DENVER Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CM2
Directions
N Denver & N Kilpatrick
Subdivision
_141
Standard status
Active
APN
R196181
Size
14,100 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
KENTON, BLOCK 3, LOT 35&36
Tax Annual Amount
16972
Legal Description
KENTON, BLOCK 3, LOT 35&36
Utilities
Heating system
Ductless (Heating)
Amenities
common kitchen and dining space
enclosed grilling area
rear deck
washer/dryer closet
powder rooms
shower rooms
secured storage units
Building Details
Year built
1911
Floors in Building
3
Building materials
Concrete
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Evan Nelson · License #201206804
(310) 422-6044
Added: May 8, 2025
Changed: Oct 7
Last Checked: Oct 9 at 8:06AM
MLS# 690465882
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.
Built in 1911, this 14,100-square-foot mixed-use property combines three ground-floor commercial spaces with 11 residential units on the second level. The commercial spaces are individually metered and currently occupied by a restaurant, salon, and record shop. Residential accommodations include two one-bedroom apartments and nine micro units, with kitchenette configurations varying among the units. Zoning is CM2.
Shared residential amenities include a common kitchen and dining area, two shower rooms, two powder rooms, and a washer/dryer closet. Outdoor features include an enclosed grilling area with a built-in BBQ and gas fire pit, as well as a rear deck. The mostly open basement contains three secured storage units. The property is described as being in a walkable, bike-friendly area near transit, parks, and local businesses.
Shared residential amenities include a common kitchen and dining area, two shower rooms, two powder rooms, and a washer/dryer closet. Outdoor features include an enclosed grilling area with a built-in BBQ and gas fire pit, as well as a rear deck. The mostly open basement contains three secured storage units. The property is described as being in a walkable, bike-friendly area near transit, parks, and local businesses.
Key Highlights
- 14,100‑square‑foot mixed‑use property on a 0.12‑acre lot
- Three individually metered commercial spaces are currently leased
- 11 second‑floor residences: two one‑bedroom units 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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Cap Rate, Value Estimation, Potential NOI and more
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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 leased commercial spaces occupy the ground floor, with 11 residential units and shared resident amenities above.
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: 14,100‑square‑foot mixed‑use property on a 0.12‑acre lot; Three individually metered commercial spaces are currently leased; 11 second‑floor residences: two one‑bedroom units and nine micro units
