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

Pending

Lot Size

4,356 Sq.Ft.

MLS ID

524703436

Property Type

Multi-Family

Year Built

1925

Are you interested?

Schedule a Tour

Lee Davies

(503) 997-1118 [email protected]

Features & Amenities

Total Area

4,326 Sq.Ft.

Neighborhood

Portland

View Description

Territorial

Stories

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

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

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Thank you

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

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