About 1448 Ne 28th Ave
**Rare Mixed-Use Commercial Building located in the heart of Sullivans Gulch** Completely Restored from the studs! CM1 Zoning. Commercial portion downstairs (Zoned "M" for Mercantile/Retail). Currently Leased on Gross modified Lease. Residential portion (Zoned R3) located upstairs also completely renovated. New Grease trap installed in downstairs, New Garage doors, New closed cell insulation throughout commercial walls, TESLA charging ports in Driveway. Would make great coffee shop, bar, or restaurant or even office space! Plumbed for cat6, New Electrical thought, New Plumbing, New Siding, New HVAC, & Central Air, New reclaimed hardwood, New windows, New Doors, And anything else you can think of. (2) 220 amp plugs in drive way. Hot/Cold outside water. Upstairs completely remodeled. Can be used for Airbnb. Or building can be used a Work Live Space. Updaters has large 220 square ft Balcony. New Exterior lighting and Brick. Photos of the entire process taken of Renovation. No corners cut. Bike Score: 97Walk Sore: 95Transportation Score:60Distance to airport: 6.6 milesDistance to Rose Quarter: 2 milesDistance to Downtown PDX: 4.8 miles
Features of 1448 Ne 28th Ave
| MLS® # | 24696462 |
|---|---|
| Price | $1,399,900 |
| Units | 2 |
| Square Footage | 2,903 |
| Acres | 0.05 |
| Year Built | 1909 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 1448 Ne 28th Ave |
|---|---|
| Area | 142 - Portland Northeast |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97232 |
Interior
| Heating | Forced Air - 95+% |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
| Basement | None |
Exterior
| Exterior | Lap Siding, Stone, Wood Siding |
|---|---|
| Lot Description | Level |
| Roof | Flat |
School Information
| Elementary | Beverly Cleary |
|---|---|
| Middle | Beverly Cleary |
| High | Grant |
Additional Information
| Date Listed | April 12th, 2024 |
|---|---|
| Days on Market | 19 |
| Zoning | CM1 |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 8.74 |
Unit 1 Details
| Baths | 1 |
|---|---|
| Rent | $4,557 |
| Features | AirConditioning, HardwoodFloors |
Unit 2 Details
| Beds | 3 |
|---|---|
| Baths | 1 |
| Rent | $8,586 |
| Features | AirConditioning, Deck, Furnished, WasherDryer |
Listing Details
| Office | Modern Realty |
|---|