4747 Kelly AvePortland, OR 97239

Property Details for 4747 Kelly Ave

Year built

1965

Lot size

0.41 AC

Property size (Sq ft)

6,681 SF

Zone code

C02D

Property type

Office properties

APN

1S1E15BA 03200

APU

1S1E15BA03200

Description

This exceptional 6,681 square foot traditional office building, located at 4747 S Kelly Avenue in Portland, Oregon, presents a compelling investment opportunity. Priced at $2,370,000 ($354.74/SF), the property boasts a vacant tenancy, offering immediate occupancy for an owner-user or the potential for substantial rental income through leasing to multiple tenants. The building sits on a 17,680 square foot lot and features ample parking with 15 spaces. Its CM2 zoning provides flexibility for a variety of uses. The property enjoys excellent visibility from S Macadam Avenue/Highway 43, ensuring high traffic exposure and brand recognition. Its strategic location offers close proximity to the OHSU South Waterfront Campus, providing easy access to a large pool of potential tenants and employees. Furthermore, its convenient access to major freeways and downtown Portland enhances its appeal and accessibility. The flexible layout allows for customization to suit diverse business needs, whether a single occupant desires the entire space or a landlord seeks to maximize rental income by dividing the space for multiple tenants. This property represents a rare opportunity to acquire a well-located, versatile office building in a thriving Portland neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,461,341

  6.5%

  $1,348,930

  7%

  $1,252,578

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,195,115

  Geo Method

  $1,286,627

• Alternative Use

  Use

  Valuation

  Residential

  $1,672,673

  Hospitality

  $1,532,160

  Educational

  $1,274,739

  Medical

  $1,318,579

  Retail

  $1,982,927

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.489

Longitude

-122.675

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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