So many possibilities with this property. Currently has 1431sq ft office/retail space at street level located in first building along with 2 rented apartment units above. Property also offers roughly 1000 sq ft of basement space. 2nd building has 2 rented apartment units with a small basement. Property is a fixer and being sold as-is. Development opportunity with this property as well, tear down and build new. See attached plans. Zoned CM2. Do not disturb tenants or walk on property with-out an appointment. Buyer to verify sq ft of property. This property is income producing but could be so much more! Great Investment property awaits you. Purchase includes both yellow and gray building.
Multi-familyProperty Type
1930Year Built
6,534 sq ftLot Size
$109Price/Sq.Ft.
6 spacesParking
Listed by Connie Brockway• Elite Realty & Associates LLC
Montavilla, located between Mount Tabor and Gateway, is a residential and commercial Portland neighborhood with a walkable main street and a classic streetcar-era grid. The neighborhood’s character concentrates around SE Stark Street near SE 80th Avenue, where taverns, coffee counters, vintage shops, and small galleries keep the sidewalks active. Montavilla Brew Works, Academy Theater, and Bipartisan Cafe act as local pillars for pints, films, and late-night pie. Early-20th-century bungalows and cottages mix with brick storefronts and newer infill along the arterials. Tree-lined blocks lead to pocket parks and community gardens, while the nearby MAX line adds a steady transit rhythm. The annual Montavilla Street Fair turns Stark into a pedestrian promenade of makers and music.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Unfinished basement with basement storage
Bedrooms
Five rental units: one 2-bedroom unit and four 1-bedroom units
Bathrooms
Each of the four 1-bedroom units has 1 bathroom; the 2-bedroom unit has 1 bathroom plus the larger 1,431 area unit has 2 bathrooms
Kitchen
No kitchen appliance details provided
Laundry & utility
Electric hot water
Heating & cooling
Forced air heating
Wall heaters
No central cooling
Exterior features
Wood siding exterior
Level lot
Paved road frontage
Home design
Multi-family property
Detached building
Built in 1930
Parking
Driveway parking
Space for 6 vehicles
Construction
Wood siding construction
Built in 1930
Building area approximately 5,500
Utilities
Public water
Public sewer
Electric fuel
Financial info
Five total units
Reported actual rents by unit: $1,067; $1,413; $1,400; $1,200 (individual unit rents listed)
Cap rate reported at 7.85
Gross rent multiplier reported at 10.58
Rent includes sewer, trash collection and water
Other
Zoning: CM2
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R332236
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Apr 7, 2023.
CM2
M
Commercial/Mixed Use 2
The Commercial/Mixed Use 2 (CM2) zone is a medium scale zone intended for sites in a variety of centers, along corridors, and in other mixed use areas that have frequent transit service. The zone allows a wide range and mix of commercial and residential uses, as well as employment uses that have limited off-site impacts. Buildings in this zone will generally be up to four stories tall unless height and floor area bonuses are used, or plan district provisions specify other height limits. Development is intended to be pedestrian-oriented, provide a strong relationship between buildings and sidewalks, and complement the scale of surrounding residentially zoned areas.
Zone overlays
Centers Main Street Overlay Zone
Permitted uses
Include but are not limited to:
Religious facility
Automotive repair garage
Day care facility
General retail
Hospital / medical center
Housing
Office
Educational / school
Recreation-Other
Park & open space
Climate risks
Flood Factor
We're working on getting current and accurate flood risk information for this home.
Fire Factor
We're working on getting current and accurate fire risk information for this home.
3/10 Heat Factor
7 hot days expected this year, 15 days in 30 years
Wind Factor
We're working on getting current and accurate wind risk information for this home.
10/10 Air Factor
19 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97266
Average low and high temperatures (°F)
48
36
50
37
58
43
66
45
71
49
78
53
84
58
85
61
77
56
63
47
53
44
51
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 8325 SE Division St
There isn’t enough information to generate an accurate estimate at this time. Learn More