Listing provided courtesy of Knipe Realty ERA Powered- MLS# 311665647MLS ProviderContact Information: 503-201-8537

5263 NE NE MLK Jr. BLVDPortland, OR 97211

Commercial · 952 Sq. ft. | 1.60 Acres
$450,000 Active

5263 NE NE MLK Jr. BLVD Overview

Time on Site:
25 days
Visits:
4

Rare opportunity to acquire a fully leased two-suite commercial condominium located on the ground floor of Vanport Square, a mixed-use retail and office complex. The Property consists of two separately demised suites, both occupied by tenants on short-term leases, providing immediate cash flow while preserving flexibility for future occupancy.The configuration creates an ideal opportunity for both investors and owner-users. A purchaser may continue operating the Property as an income-producing investment or occupy one suite while generating rental income from the other. The front suite features prominent frontage and visibility along NE Martin Luther King Jr. Boulevard, benefiting from strong exposure to passing vehicle and pedestrian traffic. The Property is further supported by a rear off-street surface parking lot, providing convenient parking for tenants, customers, and visitors.

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5263 NE NE MLK Jr. BLVD Facts & Features

  • Type Commercial
  • Sq. ft. 952
  • Price/Sq.ft. $473
  • Lot 1.60 Acres

Details

General

Income/Expenses

  • Existing Lease Type: Month To Month
  • Gross Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 2007

Business Information

  • Current Use: Office,Retail

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 142 - Portland Northeast

Tax Information

  • Tax Annual Amount: 4414.39
  • Tax Year: 2025

General Information

  • Listing Terms: Call Listing Agent,Cash,Conventional
  • Parcel Number: R611000
  • Property Sub Type: Commercial
  • Property Type: Commercial Sale
  • Zoning: CM3

Interior

Building Interior

  • Building Area Total: 952.0

General Information

  • Cooling: Central Air
  • Heating: Forced Air,Zoned

Exterior

Parking Information

  • Parking Features: Off Street

Lot Information

  • Lot Size Acres: 1.6
  • Lot Size Square Feet: 69696.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Construction Materials: Block,Concrete,Metal Frame
  • Roof: Flat

General Information

  • Sewer: Public Sewer

5263 NE NE MLK Jr. BLVD Neighborhood

Community

97211 (PORTLAND) Demographics

36
Median Age
3,858
Population Density (per sq. mile)
62%
College Educated
$86,976
Estimated Median Income
9,252
Estimated Total Home Owners
5,084
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

5263 NE NE MLK Jr. BLVD Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5263 NE NE MLK Jr. BLVD Market Data

Based on the last 30 days in this zip code

$598,788
Average List Price
$307
Average Price per Square Foot
44
Properties Sold
74
Average Days on Market
118
Properties for Sale
Calculations provided by Reliance Network

5263 NE NE MLK Jr. BLVD History

Date Event Value Agent
6/5/2026Source: Regional MLS Added to Database
June 05, 2026