5263 NE NE MLK Jr. BLVD Portland, OR $ 450,000
5263 NE NE MLK Jr. BLVD
$ 450,000
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5263 NE NE MLK Jr. BLVD

Portland, OR, 97211
$ 450,000
Bedrooms-- Baths-- Sq 952
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Property for Rent in Portland, OR

for $450,000. This 952 square foot property was built in 2007 on a lot size of 1.6.

Rare opportunity to acquire a fully leased two-suite commercial condominium located on the ground floor of Vanport Square, a mixed-use retail and office complex. The Property consists of two separately demised suites, both occupied by tenants on short-term leases, providing immediate cash flow while preserving flexibility for future occupancy.The configuration creates an ideal opportunity for both investors and owner-users. A purchaser may continue operating the Property as an income-producing investment or occupy one suite while generating rental income from the other. The front suite features prominent frontage and visibility along NE Martin Luther King Jr. Boulevard, benefiting from strong exposure to passing vehicle and pedestrian traffic. The Property is further supported by a rear off-street surface parking lot, providing convenient parking for tenants, customers, and visitors.

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Rental Active

Price

$ 450,000

Taxes

$ 4,414

Style

Commercial

Lot Size

1.6

Year Built

2007

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

311665647

Features
General
Sewer PublicSewer
Heating ForcedAir Zoned
Cooling CentralAir
Roof Flat
Zoning CM3
Construction Materials Block Concrete MetalFrame
Year Built 2007
Property Subtype Commercial
Tax Year 2025
Current Use Office Retail
Parcel Number R611000
Gross Income 0
County Multnomah
Operating Expense 0
Property Type CommercialSale
HOA N
Status Active
Directions NE Emerson Street
City Portland
MLS Area _142
Lot Size Square Feet 69696.0
Listing Terms CallListingAgent Cash Conventional
Tax Annual Amount 4414.39
Lease Type MonthToMonth
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description VANPORT SQUARE CONDOMINIUMS LOT 11
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Exterior
Parking Features OffStreet
Water Source PublicWater
Building Area Total 952.0
Lot Size Acres 1.6
Road Surface Type Paved
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Internal Only
Street Number 1 5263
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* Excluded Features
List By
Knipe Realty Era Powered

Broker

503-201-8537

Contact

Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/5/2026$450,000 Listed Price

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5263 NE NE MLK Jr. BLVD, Portland, OR, 97211 is a Property for Rent at $450,000 with 952 sqft and a lot size of 1.6. 5263 NE NE MLK Jr. BLVD was built in 2007. The property's zip code is 97211 which is in Portland, OR