2 commercial and 5 residential units. Cap rate 6.0%. Fully-occupied investment property offering strong cash flow with clear upside potential. Flexible tenant mix — property supports both residential and commercial uses, maximizing leasing opportunities and long-term income. Prime CM2 zoning with 45-foot height limit and up to 4:1 FAR allows future owners to explore multiple highest and best use options. Corner lot on a major thoroughfare — prime candidate for future redevelopment. Excellent location on NE Sandy Blvd, providing direct access to Downtown Portland, PDX Airport, MODA Center, and key employment and consumer hubs. Located just off Sandy Blvd with over 11,000 vehicles passing daily, this site offers excellent visibility and high traffic, making it ideal for a mixed-use commercial and residential property. The location ensures strong access for both businesses and residents.
Listing Provided Courtesy of Steve Roesch, NextHome Realty Connection
General Information
236588763
44
DOM
7
10454.4 SqFt
4
4058
1925
CM2
Multnomah
R113825
Rose City Park 5/10
Roseway Heights 2/10
Leodis McDaniel
MultiFamily
BELLE CREST, BLOCK 2, LOT 1 EXC PT IN ST, LOT 2
Listing Provided Courtesy of Steve Roesch, NextHome Realty Connection
Krishna Realty data last checked: Jul 27, 2025 14:19 | Listing last modified Jun 18, 2025 13:52,
Source:
2 commercial and 5 residential units. Cap rate 6.0%. Fully-occupied investment property offering strong cash flow with clear upside potential. Flexible tenant mix — property supports both residential and commercial uses, maximizing leasing opportunities and long-term income. Prime CM2 zoning with 45-foot height limit and up to 4:1 FAR allows future owners to explore multiple highest and best use options. Corner lot on a major thoroughfare — prime candidate for future redevelopment. Excellent location on NE Sandy Blvd, providing direct access to Downtown Portland, PDX Airport, MODA Center, and key employment and consumer hubs. Located just off Sandy Blvd with over 11,000 vehicles passing daily, this site offers excellent visibility and high traffic, making it ideal for a mixed-use commercial and residential property. The location ensures strong access for both businesses and residents.
