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Property Description
Rare opportunity to acquire both the real estate and an operating deli business in a highly visible Fairview location in NE 223rd Avenue and Arata Road. This offering includes a freestanding neighborhood deli/casual-food operation serving deli sandwiches, Korean food offerings, beverages, and video lottery entertainment. Fairview Deli benefits from multiple customer traffic sources, including meal purchases, convenience visits, customers, and lottery patrons. Four Oregon Lottery video lottery terminals are currently operating on site, supported by the existing operator's Oregon Lottery retailer contract and OLCC on-premises liquor license. Important: Oregon Lottery retailer approval and the OLCC liquor license do not automatically transfer with the sale. Buyer must independently apply for and qualify with the Oregon Lottery and OLCC. Continued video lottery and liquor operations are subject to buyer approval by the applicable agencies.Excellent owner-user, investor, or redevelopment opportunity in a growing East Multnomah County market. The adjacent property, RMLS #R320954-MLS#: 663676717 , is also offered for sale, creating a unique opportunity for a buyer to acquire both neighboring properties for expanded operations, investment, redevelopment, additional parking, or future commercial use, subject to applicable zoning and governmental approvals. Business, real estate, fixtures, equipment, and otheAlso adjecent property R320954 is for saler included assets are subject to the terms of the offering.
Full Property Details
Full Property Details for 1606 NE 223rd Ave
General
- Price: $850,000
- Taxes: $2,431 (2025)
- Status: Active
- Type: Commercial Service
- Source: RWMLS
- MLS ID: 298778284
- Updated: 8/17/2026
- Added to Site: 4 day(s) ago
Parking
- Total Spaces: 10
- Parking Features: On Site, Paved
Location
- County: Multnomah
- Driving Directions: AT THE CORNER OF NE 223RD & NE ARARTA
Community
- Community Name: 144 - Gresham, Sandy, Troutdale, Corbett
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Electricity
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- # Buildings: 1
- Property Detached: Yes
- Construction: Brick
- Roof: Flat
- Stories/Levels: 1
- Square Feet: 1,200
- Current Bldg. Use: Food Service, Restaurant
- Year Built: 1979
- Property Condition: Approximately
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454
- Lot Size: 10, 000 to 14, 999 SqFt
- Frontage: Paved
Financial Considerations
- Operating Expenses: $1
- Tax Amount: $2,431.15
- Tax Year: 2025
- Terms: Call Listing Agent, Cash, No Financing
Disclosures and Reports
- Documents Avail.: Aerial Photo, Operating Expense Report, Profit & Loss Statement
- Legal Description: SECTION 27 1N 3E, TL 4700 0.24 ACRES
- Property ID: R320955
Listed by Realty First (503) 343-5825, Sam Kim (503) 810-8949
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Schools
Schools serving 1606 NE 223rd Ave
School District:Reynolds School District 7
| Name | Grades | Distance |
|---|---|---|
Salish Ponds Elementary School 1210 Northeast 201st Avenue, Fairview, OR 97024 | K-5 | 1 mi |
Reynolds Middle School 1200 Northeast 201st Avenue, Fairview, OR 97024 | 6-8 | 1.1 mi |
Reynolds High School 1698 Southwest Cherry Park Road, Troutdale, OR 97060 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1606 NE 223rd Ave
Date
Details
Price
Change
Source
8/17/2026
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1606 NE 223rd Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,431
6%
$132,990
3%
2024
$2,300
2%
$129,120
3%
2023
$2,245
5%
$125,360
6%
2021
$2,134
-3%
$118,170
-3%
2022
$2,191
3%
$121,710
6%
2021
$2,134
12%
$114,730
3%
2019
$1,910
1%
$111,390
3%
2018
$1,892
3%
$108,150
3%
2017
$1,833
4%
$105,000
3%
2016
$1,756
3%
$101,950
3%
2015
$1,707
3%
$98,990
3%
2014
$1,651
1%
$96,110
3%
2013
$1,627
—
$93,320
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1606 NE 223rd Ave
1606 NE 223rd Ave, Fairview, OR 97024 (MLS# 298778284) is a Commercial Service property. 1606 NE 223rd Ave is currently listed for $850,000 and was received on August 17, 2026. Want to learn more about 1606 NE 223rd Ave? Do you have questions about finding other Commercial Service real estate for sale in Old Town? You can browse all Old Town real estate or contact a Coldwell Banker agent to request more information.

