2928 Hawthorne Blvd Portland, OR 97214-4147
Property profile & analytics
2928 Hawthorne Blvd Portland, OR 97214-4147
- Investment properties
- 5,145 SF
- 0.17 lot acres
Property ID
US71-0451526
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Embody / Alternative Medicine Practice / Spa & Massage Center
- Celedon Electrolysis / Hair Salon / Skin Care Clinic
- Silkface Skin & Body / Spa & Massage Center / Skin Care Clinic
- Molly Doll / Counselor / Psychologist
- Heather Wilson / Midwife
Property Details for 2928 Hawthorne Blvd
- Year built
- 1901
- Lot size
- 0.17 lot acres
- Property size
- 5,145 SF
- Zone code
- R1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 1S1E01CA 06200
- APU
- 1S1E01CA06200
Description
Abbey House, located at 2928 SE Hawthorne Blvd in Portland, Oregon's vibrant Hawthorne District, presents a compelling investment opportunity. This 5,145 square foot mixed-use building, constructed in 1901 and zoned CM2 (Commercial Mixed Use 2), offers a blend of medical office, storefront, and traditional office spaces. Currently operating at 100% occupancy with twelve units, the property boasts a strong historical leasing performance and recent building upgrades. The asking price is $1,300,000, translating to $252.67 per square foot and $108,333.33 per unit. The current Net Operating Income (NOI) is $82,254, yielding a 6.33% capitalization rate (Cap Rate). The property features gross leases with a remaining term of one year on the current multi-tenant occupancy, providing a value-add opportunity for the new owner. This freestanding building offers an ideal scenario for an owner-user or an investor seeking a property with significant upside potential in a highly desirable Portland location. The property's strong NOI and current occupancy make it an attractive investment with a projected pro-forma cap rate of 6.33% and pro-forma NOI of $82,254.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.635
- Latitude
- 45.5118
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,909
$0.00
$0.00
$524,900
-
$800,400
$884,600
$1,685,000
