Listing provided courtesy of Keller Williams Realty Portland PremiereMLS# 518909959MLS ProviderContact Information: 503-313-8262
  • 38 days on site
  • 2 views

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.

Source: Regional MLS, MLS#: 518909959

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  • Property Type
    Commercial Sale
  • Lot
    3.29 acres

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NOELLE HOWE

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  • Median Age
    35
  • Population Density
    7,421
  • College Educated
    69%
  • Estimated Median Income
    $59,109
  • Estimated Total Home Owners
    2,033
  • Estimated Total Renters
    5,963
  • Owner / Renter Divide
    25% / 75%
  • Estimated Average Household Size
    2
  • Total Population
    14,140
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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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.

Life at 2506 NE MULTNOMAH ST


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/22/2026Source: Regional MLS Added to Database
May 22, 2026