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Property Description

Mixed-use 30th Glisan Office Apts offers four income-producing residential studios over a fully leased ground-floor commercial space, giving investors diversified cash flow in a proven close-in Portland location. Upstairs, the 1925 building features four character-rich studio units (approx. 550-640 sq. ft.) with hardwood and tile floors, gas ranges, refrigerators, and strong in-place rents, all at 100% occupancy. Downstairs, Brassworks Gallery occupies roughly 1,953 sq. ft. on a modified-gross lease through 2030, providing stable commercial income and street-front visibility on NE Glisan near NE 30th.For investors, this Class C mixed-use asset in CM2 zoning is at stabilized occupancy, with updated rent rolls and solid tax and market fundamentals in a high-income, high-demand trade area served by I-84, TriMet, and nearby Lloyd District, Broadway, and Providence Medical Center employment hubs. For an owner-occupant, it's a rare chance to live in one of the vintage studios and let the other units plus the gallery help offset your mortgage, all while enjoying walkable access to neighborhood restaurants, retail, and everyday services in inner Northeast Portland.

Overview

Property Status
For Sale
Lot Size
4,356 Sq.Ft.
MLS ID
524703436
Property Type
Multi-Family
Year Built
1925

Features & Amenities

Total Area
4,326 Sq.Ft.
Neighborhood
Portland
View Description
Territorial
Stories
2
Water Source
Public Water
Roof
Flat, Membrane, Rubber
Lot Features
Level, Public Road
Parking
On Street
Heat Type
Radiant
Air Conditioning
None
Sewer
Public Sewer
Substructure
Concrete Perimeter, Slab
Security Features
Security Gate
Elementary School
Laurelhurst
Middle School
Laurelhurst
High School
Grant
Sales Price
$760,000
Real Estate Tax
$6,608/yr
Zoning
CM2

Downloads

Two-story white commercial building with a Brassworks Gallery storefront and sidewalk frontage.

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By providing your contact information to Eleete Real Estate, your personal information will be processed in accordance with Eleete Real Estate's Privacy Policy. By checking the box(es) below, you consent to receive communications regarding your real estate inquiries and related marketing and promotional updates in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. You may opt out of receiving further communications from Eleete Real Estate at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe.

Thank you

for your interest in 3020 NE GLISAN ST, Portland, OR 97232

3020 NE GLISAN ST
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  • CallLee Davies

    License #851200114

    (503) 997-1118
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