Listing provided courtesy of Oregon First- MLS# 275644597
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Request Info12208 SE MARKET STPortland, OR 97233
Commercial · 4,242 Sq. ft. | 0.38 Acres$1,600,000
Active
12208 SE MARKET ST Overview
- Time on Site:
- 120 days
- Visits:
- 17
Prime signalized corner featuring 2 one-level buildings totaling 4,242 SF on a CG-zoned lot with 15 parking spaces, multiple private offices, reception area, kitchens, conference rooms, and bathrooms. Building 1 includes 3 units with recent upgrades: new roof, new furnaces, new A/C units, new interior paint, new bathrooms, plus new water lines and iron fencing. Nearby separate building 2 has an approximately 10-year-old roof and is leased to a convenience store currently under remodel, providing income potential. Strong visibility, established tenancy, and surrounded by restaurants and retail businesses in a high-traffic location. Additional income from billboard ($4,680/year through 04/2029) and Building 2 lease ($2,200/month through 07/2031).
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12208 SE MARKET ST Facts & Features
- Type Commercial
- Sq. ft. 4,242
- Price/Sq.ft. $377
- Lot 0.38 Acres
Details
General
Income/Expenses
- Existing Lease Type: 5 - 10 Years Remaining
- Gross Income: 1.0
- Operating Expense: 1.0
Building Information
- Year Built: 1951
Business Information
- Current Use: Retail
Location/Region
- Country: US
- County Or Parish: Multnomah
- MLS Area Major: 143 - Portland Southeast
Tax Information
- Tax Annual Amount: 12233.28
- Tax Year: 2025
General Information
- Inclusions: Building
- Listing Terms: Cash,Conventional
- Parcel Number: R305388
- Property Condition: Updated/Remodeled
- Property Sub Type: Commercial
- Property Type: Commercial Sale
- Zoning: CG
Interior
Building Interior
- Building Area Total: 4242.0
General Information
- Cooling: Central Air
- Heating: Forced Air,Heat Pump
- Stories: 1
Exterior
Parking Information
- Parking Features: On Site
- Parking Total: 15.0
Lot Information
- Lot Size Acres: 0.38
- Lot Size Area: 16,553
- Lot Size Square Feet: 16552.0
- Number Of Buildings: 2
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Construction Materials: Cedar,Frame,Other
- Roof: Composition
General Information
- Sewer: Public Sewer
12208 SE MARKET ST Neighborhood
Community
97233 (PORTLAND) Demographics
34
Median Age
8,544
Population Density (per sq. mile)
24%
College Educated
$46,433
Estimated Median Income
6,636
Estimated Total Home Owners
7,021
Estimated Total Renters
49% / 51%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.12208 SE MARKET ST Monthly Cost
12208 SE MARKET ST Market Data
Based on the last 30 days in this zip code
$357,073
Average List Price
$252
Average Price per Square Foot
21
Properties Sold
107
Average Days on Market
108
Properties for Sale
12208 SE MARKET ST History
| Date | Value | Agent |
|---|---|---|
| 4/22/2026Source: Regional MLS | $1,600,000 -5.9% |
|
| 3/2/2026Source: Regional MLS | March 02, 2026 |