905 15Th Ave Portland, OR 97214
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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