8223-8239 13Th Ave Portland, OR 97202

This exceptional mixed-use property, located at 8223-8239 SE 13th Ave in Portland, Oregon's desirable Sellwood neighborhood, presents a compelling investment opportunity. The 6,377 square foot building, constructed in 1902, sits on a 10,000 square foot lot and is currently fully leased to nine tenants, boasting a history of stable occupancy and strong demand. The property's prime location within the vibrant Sellwood district ensures consistent foot traffic, surrounded by a diverse mix of dining, shopping, and recreational options. Its convenient proximity to major highways and public transit further enhances its appeal. The building benefits from an established tenant base with historically low vacancy, providing dependable income potential. All tenants are subject to annual rent increases, contributing to the property's strong financial performance. The land value is $313.62 per square foot, and the asking price is $2,000,000, representing a 4.87% cap rate. This property is zoned Commercial Mixed Use 1 (CM1), offering flexibility and potential for future development. This is an excellent investment opportunity in a high-demand area with enduring appeal. The property's strong tenant base, prime location, and attractive financial metrics make it an ideal addition to any investment portfolio.