Check Availability
$750,000
↓ $25K (3.2%)
House - For Sale

1617 SE 12TH AVE

Portland, OR 97214
bedrooms
Studio
bathrooms
2 Baths
square feet
1815 Sqft
$5,933
Estimated Monthly
$0
HOA / Fees
-0.44%
Cap Rate

About This Property

This is an inner SE commercial building located in the hot Hawthorne District. Previously home to Teote, this vintage building with it's large storefront window package, stained concrete floors, massive upper level vaulted great room and too many custom features to list, is now available. Multiple business opportunities/options are available including a combination of commercial with residential or all commercial. Originally set-up as a live work with the residence on the 2nd floor, this unique building could be converted to full commercial use for retail or as a restaurant with the ability to leverage the large outdoor patio with built-in firepits, mature landscaping and buildout options to support outside service. This is a rare opportunity to capitalize on a well know location with a new concept business. Seller will carry a contract - Terms Negotiable

The manager has listed the unit size as 1815 square feet.
Unit Size
1,815Ft²
Days on Market
208 days
Land Size
0.07 acres
Price per sqft
$413
Property Type
House
Property Taxes
$2,250
HOA Dues
-
Year Built
1885
Listed By
Israel Hill
John L. Scott NE Portland
Last updated: 30 days ago (RMLSOR #23674399)

Price History

Date / Event Date Event Price
Mar 29, 2024 Price Decreased $750,000
↓ $25K (3.2%)
Price Decreased
Feb 27, 2024 Price Decreased $775,000
↓ $25K (3.1%)
Price Decreased
Feb 1, 2024 Price Decreased $799,900
↓ $50K (5.9%)
Price Decreased
Jan 5, 2024 Price Decreased $849,900
↓ $50K (5.6%)
Price Decreased
Dec 10, 2023 Price Decreased $899,900
↓ $50K (5.3%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Exterior Details

Exterior Information

Wood Siding

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1885
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 3
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 2
  • Construction Type: Wood
  • Roof Shape Type: Sawtooth
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 6
  • Basement Area: 3,500
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,000
  • Total Building Area: 3,949
  • Gross Building Area: 3,949
  • Building Area: 3,949
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,949
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: STEPHENS ADD
  • Land Acres: 0.069
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: STEPHENS ADD, BLOCK 122, LOT 7 TL 15600

Ownership

  • Current Owner : DELTA REAL ESTATE LLC
  • Previous Owner : GREY SKY LLC
  • Owner Before Previous Owner: JAM I INVESTMENTS LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Portland School District 1J
  • Census Tract: 001102

Zoning

  • Zoning: R1

Geography

  • Account Number: R794015130
  • Parcel: R276119
  • Block: 122
  • Lot: 7
  • Meridian: SEC 02 TWN 01S RNG 01E
  • Latitude: 45.5112
  • Longitude: -122.654

    Address

  • Full Address: 1617 Se 12th Ave
  • Address - House Number: 1617
  • Street Direction: SE
  • Address - Street Name: 12th
  • Address - Suffix Type: Ave
  • State: OR
  • City Name: Portland
  • Carrier Code: C015
  • 4-Digit Zip Code: 4712
  • Zip Code: 97214

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,300
  • Tax Rate Code Area: 884

    Market Valuation

  • Market Total Value: $478,730
  • Market Land Value: $237,000
  • Market Improvement Value: $241,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $86,790

    Sales

  • Current Sale Contract Date: Apr 08, 2010
  • Current Sale Recording Date: Apr 09, 2010
  • Current Sale Transaction ID: 1096443809
  • Current Sale Price: $369,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2010-045355
  • Previous Sale Recording Date: Dec 20, 2004
  • Previous Sale Contract Date: Dec 07, 2004
  • Previous Sale Amount: $619,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GREY SKY HOLDING LLC
  • First Mortgage Transaction Date: Apr 09, 2010
  • First Mortgage Loan Amount: $117,790
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Apr 15, 2020

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2.5 Baths
2,763 ft²
$362/ft²
$999,000 Sep 6, 2023
-
$775/mo
Commercial
Loft
-
1,928 ft²
$542/ft²
$1,045,000 Aug 22, 2023
-
$2,250/mo

About Southeast Uplift


Similar Homes for Sale

Unit for sale at 1617 Southeast 12th Avenue, Portland, OR 97214

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Frequently Asked Questions

When was property at 1617 Southeast 12th Avenue built and last sold?
The property at 1617 Southeast 12th Avenue was built in 1885 and last sold on Apr 8, 2010 for $369,000.
How much is this home worth?
The estimated value of the home located at 1617 Southeast 12th Avenue is $993,470.
What are some comparable homes to 1617 Southeast 12th Avenue?
Homes that are comparable to 1617 Southeast 12th Avenue include a house property at 2276 Southeast Spruce Avenue, 1617 Southeast 12th Avenue, which are both great to check out.

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