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5340 SE Lincoln St, Portland, OR 97215

$1,095,000

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Property Description

This is an amazing opportunity to own a charming mixed-use commercial and residential building in the desirable Mt. Tabor neighborhood. Originally constructed in 1913 and thoughtfully restored in 2012 with the addition of a second story, this property boasts a stunning 2 BR apartment on the second floor, featuring a modern & light-filled layout.The well-appointed kitchen has plenty of storage and counter space, numerous cabinets, double sinks, a new induction stove, and a newer dishwasher. It also includes a sit-at counter for a more social cooking experience. Both spacious Bdrm's have wooden floors with the primary BR offering expansive corner windows that create a bright and inviting atmosphere. Designed for entertaining, the bright & open living area features large sliding glass doors that lead to a gorgeous deck-perfect for enjoying your morning coffee or hosting an afternoon wine and cheese happy hour, all while taking in breathtaking views of downtown PDX and spectacular sunsets. The professionally landscaped yard is a gardener's dream, with multiple custom raised beds & south and west-facing exposure. This outdoor space is perfect for those who appreciate both solitude & functionality in their garden. The street-level commercial space, formerly a historic kayak museum and now occupied by Afterglow Pottery Studio, features an open layout with 11-foot ceilings and excellent street appeal. Floor-to-ceiling windows flood the space with natural light & provide great opportunities for window advertising and browsing. The vertical wood support posts are purely decorative, adding to the aesthetic charm.This space also includes a 1/2 bath & a basement for storage. This building features a new foundation, heat pump & fresh exterior paint. Additionally, the entire property is equipped with a sprinkler system for enhanced safety. There are so many opportunities for this neighborhood gem. Don't miss the chance to make this remarkable property your own!

5340 SE Lincoln St | MLS# 471308957

This commercial property located at 5340 SE Lincoln St, Portland, OR 97215 is currently listed for sale with an asking price of $1,095,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Commercial - Investment
Cooling: Heat Pump
Fuel Type: Electricity
Heating: Heat Pump
Roof Type: Flat, Metal, Other
Stories: 2.0
Taxes: $8,865
Year Built: 1913
Square Feet: 2,080

Feature Descriptions

Days on Site: 85
Gross Income: $18000.00 (Actual)
Lease Information: $1500.00 (Amount), $1500.00 (Deposit)
Miscellaneous Features: DisplayWindow, Fenced, GroundLevel, Sprinkler
Operating Expenses: $11085.00 (Actual)
Parking Notes: OnStreet
Present Use: Other
Road Surface: Paved
Sewer: Public Sewer
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: Neighborhood Works
Agency Phone: 503-407-4200

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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