Commercial for Sale: 7409 CAPITOL HWY, Portland, OR 97219

8,400 sqft
$2,295,000
$2,295,000
7409 CAPITOL HWY, Portland, OR 97219
8,400 sqft
$2,295,000
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Price:
$2,295,000
$400,000 - 11/08/2024

Type Commercial
Square Feet 8,400 sqft
Lot Size 0.19 acres
Year Built 1947
Taxes Paid $7,691

City Portland
Area 148 - Portland NW/ SW/ S, Raleigh Hills
County Multnomah

MLS 24089046
Status Active
DOM 202 days
Presenting a distinguished investment opportunity at Multnomah Village Wellness Center & Retail! This fully leased commercial property spans 8,400 square feet and was originally built in 1947. It seamlessly blends historic charm with contemporary amenities, making it a standout asset in the heart of Multnomah Village. This property guarantees a stable income stream with all 14 units fully leased. Tenants include well-known retail brands like Frey's Furniture, Narrative Home, and Katelyn's Closet?alongside 11 esteemed wellness professionals and traditional office tenants. This diverse tenant mix not only ensures a resilient income flow but also enhances the building's appeal to a broad clientele.Excellent rental rates with built-in yearly escalations and long-term tenants provide a reliable and growing income stream. The building has undergone significant upgrades in the last five years, including a new roof, furnace, air conditioning system, and new stairs, ensuring modern comfort and reliability for tenants.The property is meticulously maintained, with four units featuring elegant hardwood flooring. Common areas feature reception seating, wet bars, and two second-story entrances with newly refinished staircases. One suite boasts access to a second-story patio, offering a unique perk for its occupant.Additionally, the property provides 15 parking spaces, ensuring convenience for tenants and their clients.Located in the vibrant Multnomah Village, this property benefits from high foot traffic and excellent visibility. The area is known for its thriving commercial activity, making it an ideal location for businesses.

Lot & Building Features

Construction Block, Shake Siding, Full Basement
Cooling Central Air, Heat Pump
Heating Forced Air, Heat Pump
Parking Description Off Street, Paved
Sewer Public Sewer
Water Public Water

Price History of 7409 CAPITOL HWY, Portland, OR

Date Name Price Difference
11/08/2024 Price Adjustment $2,295,000 14.84%
06/10/2024 Listing Price $2,695,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 7409 CAPITOL HWY, Portland, OR

Location Map Street View
Photo of Don Nunamaker, Realtors
Direct: 541-386-4400
Office
2495 Cascade Ave.
Hood River, OR 97031
541-386-4400
Listed by Berkshire Hathaway HomeServices NW Real Estate, Lauren Musco
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0.33516034858388%
6.75%
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7409 CAPITOL HWY (MLS #24089046) is a commercial listing located in Portland, OR. This commercial listing is 8,400 sqft and on a lot of 8,276 sqft (or 0.19 acres) and is 77 years old. This property was listed on 06/10/2024 and has been priced for sale at $2,295,000.

Nearby zip codes are 97035, 97201, 97213, 97221 and 97239. This property neighbors other cities such as Beaverton and Lake Oswego.

RMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Berkshire Hathaway HomeServices NW Real Estate

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS. of Portland, Oregon. Real estate listings held by brokerage firms other than Don Nunamaker, Realtors are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS., Portland, Oregon.