Share This Listing

Message

955 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Executive Summary

An exceptional opportunity to acquire a newly constructed mixed-use investment asset in the heart of Portland's highly coveted Multnomah Village. Designed for both lasting performance and modern livability, the three-story building comprises 12 thoughtfully appointed residential residences and two street-level commercial suites, offering a diverse income stream within a premier neighborhood setting. Perfectly positioned within steps of the neighborhood's celebrated collection of boutiques, acclaimed restaurants, artisan cafés, specialty retailers, and everyday conveniences, this property blends timeless architectural appeal with the enduring strength of one of Southwest Portland's most sought-after communities with a high Walk Score of 88. The residential homes showcase sophisticated contemporary finishes including quartz countertops, custom cabinetry, stainless steel appliances, luxury vinyl plank flooring, designer tile bath surrounds, in-unit laundry, energy-efficient mini-split heating and cooling systems, and expansive windows that fill each residence with natural light. The two ground-floor commercial spaces provide an exceptional opportunity for boutique retail or neighborhood-serving businesses, benefiting from excellent visibility and pedestrian activity generated by the vibrant Multnomah Village business district. Constructed with an emphasis on efficiency, and low-maintenance ownership, this newly completed asset offers investors the rare combination of modern construction, desirable amenities, and long-term appreciation potential. Opportunities to acquire newly built mixed-use properties of this caliber in established neighborhood centers are exceptionally limited, making this a compelling addition to any investment portfolio.

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $334,394 $39.70
Taxes - -
Operating Expenses - -
Total Expenses $33,439 $3.97
Net Operating Income $300,955 $35.73

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $334,394
Annual Per SF $39.70
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $33,439
Annual Per SF $3.97
Net Operating Income (CAD)
Annual $300,955
Annual Per SF $35.73

Property Facts

Price $4,875,192 CAD
Price Per SF $578.80 CAD
Sale Type Investment or Owner User
Property Type Flex
Property Subtype Flex
Building Class B
Rentable Building Area 8,423 SF
No. Stories 3
Year Built 2026

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 101
  • 743 SF
  • Retail
  • -
  • Now

Step into a premier commercial opportunity that’s as functional as it is inviting. This retail gem is designed for visionary businesses looking to make a statement, featuring expansive, state-of-the-art energy-efficient windows that flood the space with natural light, creating an atmosphere your customers won’t forget. Inside, find generous storage and a private bathroom, all thoughtfully curated for ease and functionality. Located near major transit arteries I-5 and Hwy 217, accessibility is seamless, placing your business a stone's throw from the charm of historic Multnomah Village. Plus, your clients and staff will appreciate plentiful street and public parking. Leasing Terms Designed for Growth Available with 3-5 year lease terms, this space offers flexibility tailored to your business journey. As Oregon’s leading property management company, we ensure a streamlined, professional leasing experience backed by our knowledgeable team. Tenant Responsibilities: Tenants are responsible for utilities, including electricity, garbage, water/sewer, heating, gas, and cable/internet, while we manage landscaping to keep the property pristine. Showings are available daily—experience the potential firsthand and see why this space is the right foundation for your next venture. Endless Business Possibilities This versatile space can accommodate a wide range of industries, making it ideal for: Retail Outlets & Boutiques Office Suites Art & Cultural Galleries Culinary Establishments (Pizzerias, Bakeries, Wine Bars, Delis) Health & Wellness Studios (Yoga, Fitness, Spa Services) Specialty Beverage Spots (Juice Bars, Ice Cream Shops) Veterinary Practices, Pet Care, & Grooming Professional Services (Legal, Accounting, Real Estate) Creative Workspaces and Shared Hubs And More – Bring your vision, and we’ll provide the canvas! *Disclaimer: All information is to be independently verified and this space is not to be used as a residence. Additional charges and rules may be associated with the homeowner's association/covenant and it is the tenant's responsibility to verify these details. The heating and cooling source, age of the property, and square footage should be confirmed by the applicant. This is a commercial rental and may have blemishes, defects, and more. Please verify the availability of A/C before viewing or applying.*

  • 1st Fl-Ste 102
  • 434 SF
  • Office/Retail
  • -
  • Now

Step into a premier commercial opportunity that’s as functional as it is inviting. This office space is designed for dedicated businesses looking to excel, featuring a brand new space with stylish recessed ligthing and clean walls, creating an atmosphere for productivity. Inside, find generous storage and a private bathroom, all thoughtfully curated for ease and functionality. Located near major transit arteries I-5 and Hwy 217, accessibility is seamless, placing your business a stone's throw from the charm of historic Multnomah Village. Plus, your clients and staff will appreciate plentiful street and public parking. Available with 3-5 year lease terms, this space offers flexibility tailored to your business journey. As Oregon’s leading property management company, we ensure a streamlined, professional leasing experience backed by our knowledgeable team. Tenant Responsibilities: Tenants are responsible for utilities, including electricity, garbage, water/sewer, heating, gas, and cable/internet, while we manage landscaping to keep the property pristine. Showings are available daily—experience the potential firsthand and see why this space is the right foundation for your next venture. This versatile space can accommodate a wide range of industries, making it ideal for: Office Suites Professional Services (Legal, Accounting, Real Estate) Creative Workspaces and Shared Hubs And More – Bring your vision, and we’ll provide the canvas!

Space Size Space Use Build-Out Available
1st Fl-Ste 101 743 SF Retail - Now
1st Fl-Ste 102 434 SF Office/Retail - Now

1st Fl-Ste 101

Size
743 SF
Space Use
Retail
Build-Out
-
Available
Now

1st Fl-Ste 102

Size
434 SF
Space Use
Office/Retail
Build-Out
-
Available
Now

1st Fl-Ste 101

Size 743 SF
Space Use Retail
Build-Out -
Available Now

Step into a premier commercial opportunity that’s as functional as it is inviting. This retail gem is designed for visionary businesses looking to make a statement, featuring expansive, state-of-the-art energy-efficient windows that flood the space with natural light, creating an atmosphere your customers won’t forget. Inside, find generous storage and a private bathroom, all thoughtfully curated for ease and functionality. Located near major transit arteries I-5 and Hwy 217, accessibility is seamless, placing your business a stone's throw from the charm of historic Multnomah Village. Plus, your clients and staff will appreciate plentiful street and public parking. Leasing Terms Designed for Growth Available with 3-5 year lease terms, this space offers flexibility tailored to your business journey. As Oregon’s leading property management company, we ensure a streamlined, professional leasing experience backed by our knowledgeable team. Tenant Responsibilities: Tenants are responsible for utilities, including electricity, garbage, water/sewer, heating, gas, and cable/internet, while we manage landscaping to keep the property pristine. Showings are available daily—experience the potential firsthand and see why this space is the right foundation for your next venture. Endless Business Possibilities This versatile space can accommodate a wide range of industries, making it ideal for: Retail Outlets & Boutiques Office Suites Art & Cultural Galleries Culinary Establishments (Pizzerias, Bakeries, Wine Bars, Delis) Health & Wellness Studios (Yoga, Fitness, Spa Services) Specialty Beverage Spots (Juice Bars, Ice Cream Shops) Veterinary Practices, Pet Care, & Grooming Professional Services (Legal, Accounting, Real Estate) Creative Workspaces and Shared Hubs And More – Bring your vision, and we’ll provide the canvas! *Disclaimer: All information is to be independently verified and this space is not to be used as a residence. Additional charges and rules may be associated with the homeowner's association/covenant and it is the tenant's responsibility to verify these details. The heating and cooling source, age of the property, and square footage should be confirmed by the applicant. This is a commercial rental and may have blemishes, defects, and more. Please verify the availability of A/C before viewing or applying.*

1st Fl-Ste 102

Size 434 SF
Space Use Office/Retail
Build-Out -
Available Now

Step into a premier commercial opportunity that’s as functional as it is inviting. This office space is designed for dedicated businesses looking to excel, featuring a brand new space with stylish recessed ligthing and clean walls, creating an atmosphere for productivity. Inside, find generous storage and a private bathroom, all thoughtfully curated for ease and functionality. Located near major transit arteries I-5 and Hwy 217, accessibility is seamless, placing your business a stone's throw from the charm of historic Multnomah Village. Plus, your clients and staff will appreciate plentiful street and public parking. Available with 3-5 year lease terms, this space offers flexibility tailored to your business journey. As Oregon’s leading property management company, we ensure a streamlined, professional leasing experience backed by our knowledgeable team. Tenant Responsibilities: Tenants are responsible for utilities, including electricity, garbage, water/sewer, heating, gas, and cable/internet, while we manage landscaping to keep the property pristine. Showings are available daily—experience the potential firsthand and see why this space is the right foundation for your next venture. This versatile space can accommodate a wide range of industries, making it ideal for: Office Suites Professional Services (Legal, Accounting, Real Estate) Creative Workspaces and Shared Hubs And More – Bring your vision, and we’ll provide the canvas!

Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
R625617
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$272,350 CAD (2025)
  • Listing ID: 41641324

  • Date on Market: 2026-08-10

  • Last Updated:

  • Address: 7921 SW Old Capitol Hwy, Portland, OR 97219

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}