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2823 SW 1ST AVE Portland, OR $ 1,250,000
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2823 SW 1ST AVE
$ 1,250,000
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2823 SW 1ST AVE

Portland, OR, 97201
$ 1,250,000
Bedrooms-- Baths-- Sq 4,800
2823 SW 1ST AVE, Portland, OR 97201 - Image 1
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Property for Rent in Portland, OR

for $1,250,000. This 4,800 square foot property was built in 1910 on a lot size of 0.09.

Rare live/work commercial opportunity in historic Lair Hill! This 4,900 SF building across 3 functional levels sits on a 3,975 SF lot with flexible CM1 (Commercial Mixed Use) zoning—perfect for retail, office, or residential combinations. The ground floor features a turnkey 1,600 SF 2nd-generation restaurant. Formerly operated as Lair Hill Bistro, currently leased month-to-month for immediate holding income or a seamless transition for an owner-operator. Upper levels feature a spacious 5 BR / 1 BA apartment, ideal for living above your business or generating additional rental income. Unbeatable versatility and location!

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Rental Active

Price

$ 1,250,000

Taxes

$ 5,177

Style

Commercial

Lot Size

0.09

Year Built

1910

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

733440364
Features
General
Sewer PublicSewer
Heating MiniSplit
Cooling MiniSplit
Roof Composition
Zoning Commner
Year Built 1910
Sale Includes Building
Stories Count 3
Property Subtype Commercial
Tax Year 2025
Current Use MultiFamily Restaurant Retail
Parcel Number R128879
Gross Income 0
County Multnomah
Operating Expense 0
Property Type CommercialSale
HOA N
Status Active
Directions 2823-2825 SW 1st Ave
City Portland
MLS Area _148
Lot Size Square Feet 3920.0
Listing Terms Cash
Tax Annual Amount 5177.53
Property Condition Existing
Lease Type MonthToMonth
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description CARUTHERS ADD BLOCK 58 N 37.5' OF LOT 3
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Exterior
Road Frontage 0
Parking Features OnStreet
Water Source PublicWater
Number of Buildings 1
Building Area Total 4800.0
Lot Size Acres 0.09
Road Surface Type Concrete
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Internal Only
Street Number 1 2823
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* Excluded Features
List By
Keller Williams Realty Portland Premiere

Broker

503-799-1835

Contact

Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/23/2026$1,250,000 Listed Price

Map

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2823 SW 1ST AVE, Portland, OR, 97201 is a Property for Rent at $1,250,000 with 4,800 sqft and a lot size of 0.09. 2823 SW 1ST AVE was built in 1910. The property's zip code is 97201 which is in Portland, OR

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