24 2nd Ave 32 Portland, OR 97209-3983
The Captain Couch Building, a historic Portland landmark at 24 NW 2nd Ave, offers a unique opportunity for businesses seeking creative or traditional office space in the vibrant Old Town neighborhood. Built in 1904 and renovated in 1977, this two-story building comprises one structure with six total suites, ranging from 341 to 3,479 square feet. Currently, seven spaces are available for lease, providing flexibility for businesses of various sizes. The building's location in Multnomah County, Oregon (zip code 97209), offers unparalleled accessibility. Situated adjacent to the Burnside Bridge, it benefits from proximity to twelve bus lines and four streetcar lines, ensuring convenient public transportation. Furthermore, ample parking options are available nearby, catering to both employees and clients. The surrounding area boasts a thriving mix of restaurants, bars, and entertainment venues, enhancing the overall appeal and convenience for tenants. The presence of established businesses such as the University of Oregon, Oregon College of Oriental Medicine, and Ankrom Moisan, further underscores the area's growing appeal and potential for business success. This property presents a rare chance to establish a presence in a highly desirable and well-connected location within Portland's dynamic Old Town.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CXD · Portland, ORPortland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.