1634 Brooklyn St Portland, OR 97202-2319

Property Details for 1634 Brooklyn St

Year built

1961

Lot size

0.13 lot acres

Property size

1,920 SF

Zone code

EG1

Property type

Warehouses

APN

1S1E11AC 01700

APU

1S1E11AC01700

Description

This exceptional investment opportunity presents a 2,000 square foot flex building located at 1634 SE Brooklyn Street in Portland, Oregon's desirable Southeast sector. The property, zoned for mixed-use industrial purposes, boasts a highly desirable blend of approximately 1,000 square feet of warehouse/shop space and 1,000 square feet of office space. Currently leased under a triple-net (NNN) lease structure until April 30, 2026, the property generates a consistent monthly income of $3,277, subject to a 3% base rent increase on May 1, 2025. This presents a compelling opportunity for an owner-occupant to secure a future workspace while simultaneously benefiting from a reliable rental income stream. The building features convenient access to major freeways, including I-5 and I-84, providing seamless connectivity to the rest of Portland and beyond. Additional benefits include a small fenced yard, ample off-street parking with six spaces in a dedicated lot, and two grade-level loading doors for efficient goods handling. The asking price for this exceptional property is $725,000, making it an attractive investment in a highly sought-after Portland location. This is a rare opportunity to acquire a well-located, income-producing flex space in a competitive market. The property's strong lease terms and desirable features make it an ideal investment for both owner-occupants and passive investors seeking a stable and appreciating asset.