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503-935-2560
Smira Group
8212 N DENVER AVE, Portland, OR 97217
- $3,500,000
- 14,100
- SqFt
- List Price
- $3,500,000
- Days on Market
- 258
- MLS#
- 678823640
- Property Type
- Multifamily
- Sqft. of Residence
- 14,100
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland North
- Status
- ACTIVE
Property Description
A rare mixed-use investment in Kenton's walkable commercial district, 8212 N Denver Ave offers 14,100 sq ft, 11 residential units, and 3 street-facing retail spaces in a restored 1911 building extensively remodeled since 2018. Offered at $3,500,000 and a 6.66% cap rate, the property offers strong scheduled income after scheduled expenses. The main level features three retail spaces, currently home to a neighborhood restaurant, an established salon, and a local record shop, each on a triple net lease and individually metered for high visibility and steady foot traffic along N Denver Ave. Upstairs, the second floor includes 2 one-bedroom apartments with full bathrooms and kitchenettes, plus 9 thoughtfully designed micro units, including 1 double-sized unit. Residents enjoy a large shared kitchen and dining space, an enclosed grilling area with seating and a gas fire pit, a rear deck with elevated views, a washer and dryer closet, 2 powder rooms, and 2 dedicated shower rooms. A spacious, mostly open basement currently includes 3 secured storage units, with room for additional build-out. With a Walk Score of 84, a Bike Score of 97, nearby MAX Yellow Line service, and easy access to Interstate 5 and downtown Portland, 8212 N Denver Ave offers strong in-place income, flexibility, and long-term value for investors and owner-users.
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Additional Information
- Tax Amount
- $16,971
- Year Built
- 1911
- High School
- Jefferson
- Elementary School
- Peninsula
- Middle School
- Ockley Green
- Acres
- 0.12
- Living Area
- 14,100
- Stories
- 3
- Subdivision
- Kenton
- Terms
- Cash, Other
- Cooling Description
- Mini Split
- Fuel Description
- Electricity
- Heating Description
- Mini Split, Wall Heater
- Hoa Rent Includes
- Electricity, Gas, Maintenance Grounds, Sewer, Trash Collection, Water
- Hot Water Description
- Tankless
- Exterior Description
- Brick, Wood Siding
- Sewer Description
- Public Sewer
- Parking
- On Street
- Security Or Entry
- Entry
- Parking Description
- On Street
- Road Surface
- Paved
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Listing courtesy of eXp Realty, LLC.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.