501 NE BRIDGETON RD Portland, OR $ 1,275,000
501 NE BRIDGETON RD
$ 1,275,000
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501 NE BRIDGETON RD

Portland, OR, 97211
$ 1,275,000
Baths0.0 Sq 1,196

Monthly Estimate*

$ 8,474

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Studio

Commercial Property for sale in Portland, OR

for $1,275,000. This 1,196 square foot building was built in 1956 on a lot size of 1.23.

DO NOT DISTURB TENANTS OR ENTER MARINA WITHOUT LISTING AGENT: Sale includes tax parcels: P652253 & R314262. On Land: 616 sq. ft., 1 level, 1 bedroom/1 bathroom apartment with Columbia River views. 520 sq. ft. workshop, garage & storage. 31 paved, assigned parking spaces. On River: rented slips to 7 floating homes. 17 boat slips. Land & water: approx 1.23 acres.Rent increase opportunity 2/28/24. Electricity is separately metered or sub-metered. Water, sewer & garbage are included in rent. All tenants month to month. Lots of information available for review. Excellent income opportunity with room for expansion in the water. Rare submerged land ownership negating the need for a DSL lease saving the owner thousands. Located on the Columbia River Slough surrounded by neighboring marinas and yacht clubs. Minutes to freeways, airport, DT Portland and Vancouver, WA. All information to be deemed accurate at the time of input but may vary due nature and type of investment. Income numbers are approximate due to a few current end of year vacancies. Considered actual if fully occupied. Apartment currently vacant.

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Commercial Active

Price

$ 1,275,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,508

Style

Lot Size

1.23

Year Built

1956

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

23432761

Features
General
Sewer PublicSewer
Heating Baseboard
Cooling None
Roof Composition
Zoning CE
Construction Materials T111Siding WoodFrame
Year Built 1956
Sale Includes Building Land Other
Stories 2
Amps 600
Property SubType Other
Tax Year 2023
Current Use MultiFamily Other
Gross Income 118980.0
Waterfront Features RiverFront
County Multnomah
Operating Expense 31142.0
Property Type CommercialSale
Status Active
Directions Marine Dr to NE Bridgeton Rd
City Portland
Body of Water columbia River
MLS Area _142
Lot Size Square Feet 53578.0
Listing Terms Cash Conventional
Tax Annual Amount 11508.09
Property Condition Approximately
Virtual Tour https://drive.google.com/file/d/11fiGALXMO8oWNIF6m-YEL4gZkhZk79RQ/view
Days on Market 182
Lease Type MonthToMonth
Standard Status Active
Lease Amount 118980.0
Legal Description SECTION 02 1N 1E TL 1000 0.33 ACRES
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Exterior
Road Frontage 0
Parking Features Assigned OnSite
Water Source PublicWater
Total Parking 31.0
Number of Buildings 1
Building Area Total 1196.0
Lot Size Acres 1.23
Road Surface Type Paved
Other Equipment SmokeDetector
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Interior
Ceiling Height 8
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Internal Only
Street Number 1 501
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* Excluded Features
List By
J Residential Properties

Broker

peter@jrprop.net

Email

Affordability Calculator

$9,433
Per Month
90%
10%
0%
Monthly Principal & Interest
$8,474
Monthly Property Taxes
$959
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/14/2023$1,275,000 Listed Price

Map


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501 NE BRIDGETON RD, Portland, OR, 97211 is a Commercial Property for sale at $1,275,000 with 1,196 sqft and a lot size of 1.23. 501 NE BRIDGETON RD is a studio with 0.0 baths and was built in 1956. The property's zip code is 97211 which is in Portland, OR