5625 SE 83RD AVE Portland, OR $ 325,000
5625 SE 83RD AVE
$ 325,000
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5625 SE 83RD AVE

Portland, OR, 97266
$ 325,000
Bedrooms-- Baths-- Sq 616

Monthly Estimate*

$ 2,245

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Commercial Property for sale in Portland, OR

for $325,000. This 616 square foot building was built in 1986 on a lot size of 0.09.

Seller will consider seller financing. Terms and conditions negotiable.New Roof on a Prime Southeast Portland Commercial Opportunity with Flexible CM3 Zoning!Discover the possibilities with this extensively remodeled 616-square-foot building situated on a 4,000-square-foot lot in a convenient Southeast Portland location with easy access to I-205. Whether you're seeking a live/work environment, creative studio space, or a property with future redevelopment potential, this versatile property offers exceptional flexibility.Remodeling began in 2022, with the majority of improvements completed in 2025. Interior upgrades include durable wide-plank luxury vinyl plank flooring, fresh paint, new interior doors and trim, updated bathroom fixtures, LED lighting, and a roof-mounted HVAC system for year-round comfort.The thoughtfully designed interior includes a kitchenette with new cabinetry, quartz countertops, built-in microwave, refrigerator, shower, and an all-in-one washer/dryer unit, providing many of the conveniences desired for day-to-day occupancy.Outside, the spacious yard offers room for outdoor living, gardening, storage, hobbies, or future improvements. Three on-site parking spaces add convenience and functionality.Flexible CM3 zoning allows for a variety of commercial, office, mixed-use, and potential residential redevelopment opportunities. Future development possibilities may include a mixed-use project with residential units above commercial space or redevelopment into a larger structure, subject to City approval. Buyer to verify permitted uses and development potential with the City of Portland.A rare opportunity to acquire a move-in-ready property with modern updates, excellent accessibility, and long-term upside in a growing Southeast Portland location.

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Commercial Active

Price

$ 325,000

Property Type

Commercial

Taxes

$ 2,684

Style

Commercial

Lot Size

0.09

Year Built

1986

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

721399408

Features
General
Sewer PublicSewer
Heating HeatPump
Cooling CentralAir
Roof Composition
Zoning CM3
Construction Materials WoodFrame WoodSiding
Year Built 1986
Sale Includes Building Land
Property Subtype Commercial
Tax Year 2025
Parcel Number R159040
Gross Income 0
County Multnomah
Operating Expense 0
Property Type CommercialSale
HOA N
Status Active
Directions Foster to 83rd
City Portland
MLS Area _143
Lot Size Square Feet 3920.0
Listing Terms Cash Contract Conventional
Tax Annual Amount 2684.81
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description EVELYN BLOCK 3 LOT 6
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Exterior
Parking Features OffStreet OnSite
Water Source PublicWater
Total Parking 3.0
Building Area Total 616.0
Lot Size Acres 0.09
Road Surface Type Concrete Paved
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Internal Only
Street Number 1 5625
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* Excluded Features
List By
Realty First

Broker

503-998-4135

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Affordability Calculator

$2,468
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,245
Monthly Property Taxes
$224
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
9/23/2026$325,000 -7.12% Price Down
6/14/2026$349,900 Listed Price

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5625 SE 83RD AVE, Portland, OR, 97266 is a Commercial Property for sale at $325,000 with 616 sqft and a lot size of 0.09. 5625 SE 83RD AVE was built in 1986. The property's zip code is 97266 which is in Portland, OR