8212 N DENVER AVE
Portland, OR, 97217 $ 3,500,000
Baths0.0 Sq 14,100 Monthly Estimate*
$ 21,550
Studio for $3,500,000. This 14,100 square foot home was built in 1911 on a lot size of 0.12.
Welcome to 8212 N Denver Ave, an outstanding investment opportunity in the vibrant Kenton neighborhood of North Portland. Extensively remodeled since its 2018 acquisition, this well-located property offers a dynamic mix of retail and residential units with strong income potential and modern appeal.The main level features three fully leased commercial spaces, currently home to a popular restaurant, an established salon, and a local record shop. These mostly street-facing storefronts benefit from high visibility and steady foot traffic along N Denver Ave, making them ideal for retail and service-based businesses. Each commercial unit is individually metered.Upstairs, the second floor includes 11 residential units catering to modern urban lifestyles. The mix features (2) one-bedroom apartments with full bathrooms and kitchenettes, and an additional (9) thoughtfully designed micro units. These include one double-sized micro unit with an in-unit kitchenette, seven standard micro units with kitchenettes (cabinetry, shelving, sinks, mini fridges), and one streamlined unit without a kitchenette—offering an efficient, affordable housing solution.Residents enjoy shared amenities that enhance livability, including a large common kitchen and dining space, an enclosed grilling area with built-in BBQ, seating, and gas fire pit, plus a rear deck with additional seating and elevated views. Additional conveniences include a washer/dryer closet, two powder rooms, and two dedicated shower rooms, all maintained for resident comfort.A spacious, mostly open basement currently includes three secured storage units, with room for additional build-out or flexible repurposing.Located in a walkable, bike-friendly area near transit, parks, and local businesses, 8212 N Denver Ave is ideal for investors or owner-users seeking strong income, flexibility, and long-term value in one of Portland’s most desirable up-and-coming neighborhoods.
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FeaturesGeneralSewer PublicSewer
Heating MiniSplit WallHeater
Cooling MiniSplit
Zoning CM2
Security Features Entry
Year Built 1911
Stories Count 3
Tax Year 2025
Parcel Number R196181
Gross Income 277260.0
Community Features Laundry
County Multnomah
Net Operating Income 221208.0
Operating Expense 56052.0
Property Type MultiFamily
HOA N
Subdivision Name Kenton
Rent Includes Electricity Gas MaintenanceGrounds Sewer TrashCollection Water
Status Active
Directions N Denver & N Kilpatrick
High School Jefferson
City Portland
Disclosures Disclosure
Number Of Units Total 0
MLS Area _141
Lot Size Square Feet 5227.0
Listing Terms Cash Other
Elementary School Peninsula
Tax Annual Amount 16971.76
Middle/Junior High School Ockley Green
Property Condition Restored
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description KENTON BLOCK 3 LOT 35&36
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InteriorBasement StorageSpace
Storage Basement
Hot Water Tankless
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ExteriorParking Features OnStreet
Lot Features Level
Water Source PublicWater
Exterior Description Brick WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 14100.0
Lot Size Acres 0.12
Road Surface Type Paved
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $21,550
- Monthly Property Taxes
- $1,414
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyMulti-family listings in Portland, OR
Average List Price $1,562,026
Percent of Sale Price 55%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1950154 Elementary School
1950460 Middle School
Jefferson High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/18/2026 | $3,500,000 | | Listed Price |