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NE Portland Owner-User Office Opportunity 317 NE Sacramento St 2,256 SF Office Building Portland, OR 97212 $610,754 CAD ($270.72 CAD/SF)
Investment Highlights
- Prime NE Close-In Portland submarket with strong urban demand
- Dense population base of ±26,780 residents within 1 mile
- 4-minute drive to Downtown Portland
- Immediate proximity to NE MLK Blvd with ±26,670 VPD
- Average household income exceeding $115,000 within 1 mile
- Infill location with limited supply supporting long-term value retention
Executive Summary
317 NE Sacramento St is a well-located office asset positioned within Portland’s highly sought-after NE Close-In submarket, just off NE Martin Luther King Jr. Blvd. The property consists of approximately 2,190–2,256 square feet across a functional multi-level layout, situated on a compact 0.08-acre urban lot.
Originally constructed in 1904 and recently renovated in 2023 for office use, the building blends historic architectural character with modern usability. Currently configured as a boutique office converted from residential use, the asset offers immediate functionality for an owner-user or investor seeking a centrally located, move-in-ready opportunity.
The surrounding area is defined by dense residential population, active commercial corridors, and strong transit accessibility, supporting continued demand from office, creative, and service-oriented users. The CM3 zoning designation further enhances flexibility, allowing a wide range of commercial and mixed-use applications aligned with Portland’s urban infill development trends.
Originally constructed in 1904 and recently renovated in 2023 for office use, the building blends historic architectural character with modern usability. Currently configured as a boutique office converted from residential use, the asset offers immediate functionality for an owner-user or investor seeking a centrally located, move-in-ready opportunity.
The surrounding area is defined by dense residential population, active commercial corridors, and strong transit accessibility, supporting continued demand from office, creative, and service-oriented users. The CM3 zoning designation further enhances flexibility, allowing a wide range of commercial and mixed-use applications aligned with Portland’s urban infill development trends.
Property Facts
Sale Type
Investment
Property Type
Building Size
2,256 SF
Building Class
C
Year Built/Renovated
1904/2023
Price
$610,754 CAD
Price Per SF
$270.72 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,128 SF
Building FAR
0.64
Lot Size
0.08 AC
Zoning
CM3 - CM3 Commercial/Mixed Use. Combined Opportunity Map Score of 5! HOLTE and MULTE Opportunity Zoned.
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | R102227 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $201,645 CAD |
Property Taxes
Parcel Number
R102227
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$201,645 CAD
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NE Portland Owner-User Office Opportunity | 317 NE Sacramento St
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