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8212 N Denver Ave, Portland, OR 97217

$3,500,000

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Property Description

Welcome to 8212 N Denver Ave, an outstanding investment opportunity in the vibrant Kenton neighborhood of North Portland. Extensively remodeled since its 2018 acquisition, this well-located property offers a dynamic mix of retail and residential units with strong income potential and modern appeal.The main level features three fully leased commercial spaces, currently home to a popular restaurant, an established salon, and a local record shop. These mostly street-facing storefronts benefit from high visibility and steady foot traffic along N Denver Ave, making them ideal for retail and service-based businesses. Each commercial unit is individually metered.Upstairs, the second floor includes 11 residential units catering to modern urban lifestyles. The mix features (2) one-bedroom apartments with full bathrooms and kitchenettes, and an additional (9) thoughtfully designed micro units. These include one double-sized micro unit with an in-unit kitchenette, seven standard micro units with kitchenettes (cabinetry, shelving, sinks, mini fridges), and one streamlined unit without a kitchenette-offering an efficient, affordable housing solution.Residents enjoy shared amenities that enhance livability, including a large common kitchen and dining space, an enclosed grilling area with built-in BBQ, seating, and gas fire pit, plus a rear deck with additional seating and elevated views. Additional conveniences include a washer/dryer closet, two powder rooms, and two dedicated shower rooms, all maintained for resident comfort.A spacious, mostly open basement currently includes three secured storage units, with room for additional build-out or flexible repurposing.Located in a walkable, bike-friendly area near transit, parks, and local businesses, 8212 N Denver Ave is ideal for investors or owner-users seeking strong income, flexibility, and long-term value in one of Portland's most desirable up-and-coming neighborhoods.

8212 N Denver Ave | MLS# 678823640

This multi-family property located at 8212 N Denver Ave, Portland, OR 97217 is currently listed for sale with an asking price of $3,500,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: StorageSpace
Cooling: MiniSplit
Fuel Type: Electricity
Heating: Mini Split, WallHeater
Stories: 3.0
Taxes: $16,972
Year Built: 1911
Square Feet: 14,100

Feature Descriptions

Days on Site: 58
Exterior: Brick, Wood Siding
Gross Income: $277260.00 (Actual)
Hot Water: Tankless
Lot: Level
Net Income: $221208.00 (Actual)
Operating Expenses: $56052.00 (Actual)
Parking: OnStreet
Parking Notes: OnStreet
Sewer: Public Sewer
Storage: Basement
Water: Public Water

Local Schools

High School: Jefferson
Middle School: Ockley Green
Elementary School: Peninsula

Listed By / Shown By

Listed By

Agency Name: eXp Realty, LLC
Agency Contact: 310-422-6044

Shown By

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

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Estimated Payment

$ 20,133.07 per month $17,697.90 Principal & Interest $1,414.33 Property Tax $1,020.83 Homeowner's Insurance

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