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623 Northeast 23rd Avenue
Portland, OR 97232
Asking Price
$1.50M
Asset Type
Mixed-use
Class
Class B
What's Special
Rare mixed use with storefront, residential/office, and event space <p>This one-of-a-kind CM3-zoned asset offers a fully integrated mixed-use environment combining retail frontage, private office/residential space, and an assembly-rated event venue.</p><p>The property is designed for maximum flexibility, allowing an owner-user to occupy part of the space while generating income from the remaining components. Alternatively, an investor can capitalize on multiple revenue streams within a single asset.</p><p>With its private patio, modern improvements, and prime Ke
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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179
