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Property profile & analytics
OFF-MARKET
Medical Office Space

905 15Th Ave Portland, OR 97214

12,154 SF
Property ID
US71-0594114
Property summary
AI-generated overview

This meticulously maintained, mixed-use medical building in Portland, Oregon presents a unique opportunity for lease or owner-occupancy. Located at 905 SE 15th Ave, in Multnomah County, zip code 97214, this 12,154 square foot building sits on a 0.33-acre lot and is zoned CM2. The property features a single tenancy, with the entire space currently vacant. A recent renovation in 2016 created a ground floor dedicated to medical office space and five luxury short-term stay apartments on the second floor, accessed via a private entrance. The building offers two elevator-served floors and ample gated parking located at SE Belmont and SE 14th. This property is ideal for both owner-users seeking a modern, well-equipped medical office space and investors looking for a strong rental income stream. The building's prime location in Portland, combined with its versatile layout and recent upgrades, makes it an exceptional investment opportunity. The property's size and features cater to a variety of medical practices or businesses. The combination of medical office space and short-term rental units provides a unique income diversification opportunity.

Property profile
Verified
Property type Medical Office Space
Total area 12,154 SF
UPID US71-0594114
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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