5625 SE 83RD AVE
Portland, OR, 97266 $ 325,000
Bedrooms-- Baths-- Sq 616 Monthly Estimate*
$ 2,245
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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FeaturesGeneralSewer 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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ExteriorParking 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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* Excluded FeaturesAffordability Calculator
- 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.
Learn more about how to save NearbyCommerical listings in Portland, OR
Average List Price $1,200,426
Percent of Sale Price 269%
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.
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/23/2026 | $325,000 | -7.12% | Price Down |
| 6/14/2026 | $349,900 | | Listed Price |