2506 NE Multnomah St

Portland, OR 97232
  • $1,990,000

    Price
  • 65,060

    SqFt
  • 3.29

    Acre

About the Listing KWPP01 - KINGJOSE,ETHANSUK

A rare opportunity to acquire a substantial industrial warehouse asset on two contiguous lots totaling 3.29 acres in the heart of inner Northeast Portland. The property encompasses 65,060 square feet of warehouse and industrial space within a historic structure, offering the raw scale and bones that value-add investors and owner-users seek in today's supply-constrained Portland industrial market. Positioned in Sullivan's Gulch, the site benefits from immediate access to I-84 and proximity to the Lloyd District, placing it minutes from downtown Portland with excellent regional distribution connectivity. With a Walk Score of 83 and Transit Score of 68, the location supports a broad range of employees and operational uses. The dual-lot configuration carries split zoning of IG2 (General Industrial) and R2.5 (medium-density residential), a combination that supports continued industrial operations today while preserving long-term redevelopment or mixed-use optionality for future ownership. The IG2-zoned parcel accommodates heavy industrial, warehousing, manufacturing, flex, and distribution uses, while the R2.5 parcel opens the door to residential development potential in one of Portland's most walkable inner-east neighborhoods. All information not guaranteed, Buyer to verify. Building sold AS-IS with no guarantees or warranties.

Listing Highlights for 2506 NE Multnomah St

Status Active
Days on Site 148
Property Type Commercial Sale
MLS ® 518909959
Year Built 1910
Total Square Footage 65,060
Lot/Acreage 3.29

Interior Details

  • Appliances:
  • Air Cond:
  • Heating:
  • Fireplaces:
  • Floor:
  • Basement:
  • Other:
  • Water: Public Water

Exterior Details

  • Garage Capacity: N/A
  • Zoning: IG2
  • Roof: Built-Up
  • Others:
  • Sewer: Other
  • Parking Features: On Site

Financial Details

  • Tax Amount: $4,716
  • Taxes w/Assessments: N/A
  • Tax/Property ID: R316802
  • Tax Year: N/A

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2506 NE Multnomah St Portland, OR 97232

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Originating MLS: Regional Multiple Listing Service, Inc.

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