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$450,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 5263 NE Ne Mlk Jr Blvd
General
- Price: $450,000
- Taxes: $4,414 (2025)
- Status: Active
- Type: Office
- Source: RWMLS
- MLS ID: 311665647
- Updated: 6/5/2026
- Added to Site: 4 day(s) ago
Parking
- Parking Features: Off Street
Location
- County: Multnomah
- Driving Directions: NE Emerson Street
Community
- Community Name: 142 - Portland Northeast
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air, Zoned
- Heating Fuel: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- Property Detached: Yes
- Construction: Block, Concrete, Metal Frame
- Roof: Flat
- Square Feet: 952
- Current Bldg. Use: Office, Retail
- Year Built: 2007
Lot Features
- Lot Size (Acres): 1.6
- Lot Size (Sq. Ft.): 69,696
- Lot Size: 1 to 2.99 Acres
- Frontage: Paved
Financial Considerations
- Tax Amount: $4,414.39
- Tax Year: 2025
- Terms: Call Listing Agent, Cash, Conventional
Disclosures and Reports
- Documents Avail.: Brochure
- Legal Description: VANPORT SQUARE CONDOMINIUMS, LOT 11
- Property ID: R611000
Listed by Knipe Realty ERA Powered (503) 445-7660, Daniel Silvey (503) 201-8537
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Price & Sales History for 5263 NE Ne Mlk Jr Blvd
Date
Details
Price
Change
Source
6/05/2026
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5263 NE Ne Mlk Jr Blvd
5263 NE Ne Mlk Jr. Blvd, Portland, OR 97211 (MLS# 311665647) is a Office property. 5263 NE Ne Mlk Jr. Blvd is currently listed for $450,000 and was received on June 05, 2026. Want to learn more about 5263 NE Ne Mlk Jr. Blvd? Do you have questions about finding other Office real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

