3037-3041 N Monroe St Portland, OR 97227

FOR SALE

Retail space

Property ID

US71-Q017730

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$2,037,000

3037-3041 N Monroe St, Portland, OR 97227
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Mixed-use multifamily asset holds two buildings on a single tax lot comprised of two commercial units and a total of seven apartments. The Rinehart Building on the corner of N. Williams & N. Monroe, includes office and retail storefront suites and five 1bd/1ba apartments on the 2nd level. This historical building underwent complete renovation in 2014. The Monroe Building, a 2014 new build duplex, encompasses a 1bd/1ba & a 2bd/1.5ba apartment with rooftop terrace. The buildings share secure garbage/recycling, storage and bike room access. 100% occupied Seismically upgraded Two commercial units w/abundant basement storage Seven residential units: six 1bd/1ba + one 2bd/1.5ba w/rooftop terrace Ample street parking and easy transportation access Traffic count: 7,910+ cars per day + ample bike traffic Secure/gated access to trash/recycling/bike storage Below average market apartment rents offer upside 92 Walk Score and 100 Bike Score Two income producing buildings on single tax lot

Property type Retail space

UPID US71-Q017730

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

3037-3041 N Monroe St Portland, OR 97227

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Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

New

$1,175,000

3,949 SF

Mixed-Use Urban Farm Property

Two tax lots offer a leased ground-floor bar space above two duplex residential units and an undeveloped urban-farm corner lot.

3122 N Williams Avenue, Portland, OR 97227

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$399,900

Prime Land in Vancouver-Williams Corridor

Vacant land suited for high-density residential, mixed-use, or commercial development.

2310 N VANCOUVER, Portland, OR 97227

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New Construction Duplex with Fenced Yard

Two new construction residences with high-end finishes, designed for one home to be owner-occupied and the other rented.

3731 N Vancouver Ave, Portland, OR 97227

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Four-Unit Multifamily Building

Four-unit multifamily property offered for sale as a residential income asset.

3026-3032 N Williams Avenue, Portland, OR 97227

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New

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5,515 SF

Mixed-Use Flex Warehouse Building

Two-story property with a ground-floor office/warehouse and four studio apartments above, plus recent roof and exterior paint.

2124 N Flint Ave, Portland, OR 97227

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New

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5,000.00 Acres

Renovated Corner Lot Live/Work Office

Renovated live/work building with natural-light creative office space and a separate daylight basement apartment entrance.

4076 N Mississippi Ave, Portland, OR 97227

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Similar Nearby for Sale

New

$1,175,000

3,949 SF

Mixed-Use Urban Farm Property

Two tax lots offer a leased ground-floor bar space above two duplex residential units and an undeveloped urban-farm corner lot.

3122 N Williams Avenue, Portland, OR 97227

View Details
$399,900

Prime Land in Vancouver-Williams Corridor

Vacant land suited for high-density residential, mixed-use, or commercial development.

2310 N VANCOUVER, Portland, OR 97227

View Details
Contact for pricing

Four-Unit Multifamily Building

Four-unit multifamily property offered for sale as a residential income asset.

3026-3032 N Williams Avenue, Portland, OR 97227

View Details
Contact for pricing

New Construction Duplex with Fenced Yard

Two new construction residences with high-end finishes, designed for one home to be owner-occupied and the other rented.

3731 N Vancouver Ave, Portland, OR 97227

View Details
New

Contact for pricing
5,515 SF

Mixed-Use Flex Warehouse Building

Two-story property with a ground-floor office/warehouse and four studio apartments above, plus recent roof and exterior paint.

2124 N Flint Ave, Portland, OR 97227

View Details
New

Contact for pricing
5,000.00 Acres

Renovated Corner Lot Live/Work Office

Renovated live/work building with natural-light creative office space and a separate daylight basement apartment entrance.

4076 N Mississippi Ave, Portland, OR 97227

View Details

Similar Nearby for Lease

New

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2,836 sqft

Trendy North Portland Retail Space

First-generation retail space with rooftop terrace access in North Portland.

3965 North Vancouver Avenue, Portland, OR 97227

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New

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2,836 sqft

North Portland Retail Space Available

First-generation retail space in a trendy North Portland district.

3956 North Vancouver Avenue, Portland, OR 97227

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New

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Remodeled Creative Office Storefront Space

Recently remodeled creative office space with storefront, easy highway access.

687 N. Tillamook Street, Portland, OR 97227

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913 sqft

Storefront Retail Space with Rooftop Terrace Access

First-generation retail space with exclusive staircase and elevator access to a rooftop terrace, plus suites that can be combined.

3956 N Vancouver Ave, Portland, OR 97227

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724 sqft

Retail Storefront with Mezzanine

Approximate 724 RSF retail suite with ground floor space plus an 181 RSF mezzanine level in a vintage warehouse building.

3808 N Williams Ave, Portland, OR 97227

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Creative Office Building with Retail

Heavy timber, new-construction six-story creative workspace with ground-floor retail at street level.

3309 N Mississippi, Portland, OR 97227

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