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1725 SW Salmon St Portland, OR 97205

Apartment buildings Google Maps
171,560 SF 0.59 ac lot Built 2020
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$6.53M
Range $5.87M – $7.18M (±10%)
Property ID US71-0535642

Property summary

AI-generated overview

This exceptional Class A retail opportunity, built in 2020, offers 1,689-2,085 square feet of versatile space within the Sawbuck Apartments complex in desirable Goose Hollow. The property features two suites totaling 3,774 square feet of vacant space, currently available for lease. Both suites boast high ceilings and large windows, providing ample natural light. The space is perfect for a variety of uses, including coffee shops, tea houses, salons, med spas, nail salons, or other retail/service businesses. Located in a vibrant mixed-use area, this property benefits from its proximity to Providence Park, Multnomah Athletic Club, Lincoln High School, and numerous residential properties totaling over 1,038 units. Its convenient location offers easy access to downtown Portland and public transportation, including the Northwest and Downtown Portland Providence Park MAX Light Rail station. Nearby amenities include the Goose Hollow Inn, Multnomah Athletic Club, Artist Repertory Theatre, Hotel Deluxe, Leaky Roof Gastro Pub, and Zupan's Markets Burnside. The zoning is CX, and the property is situated in Multnomah County, with a cross street of SW 18th Avenue. Lease rates are $28-$30 per square foot, plus NNN. This is a truly unique opportunity to establish a thriving business in a high-traffic, high-visibility location. The building consists of one building with two suites.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2020
Total area 171,560 SF
Lot 0.59 ac (25,633 SF)
Zoning code CXD
APN 1N1E33DC 05700
UPID US71-0535642

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Service Establishment Life Coach
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$27.28M
Blend (final) Blend
$6.53M

Owner & transaction history

Zoning & alternative use

CXD · Portland, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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