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Listed price in listed location currency (USD).
$1,990,000

000

MLS® 518909959

  • Key Facts
  • Description
  • Map

Key Facts

Type Warehouse
Levels Commercial Sale
Size -
Garage 
Taxes $4,716
Days Active 0
Lot Size 
Approx. Age 1910
MLS® Number 518909959

Property Address: 2506 Ne Multnomah St, Portland, OR, 97232-2128

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number518909959
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1910
Basement
DrivewayOn Site
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 22, 2026List Date
$1,990,000List Price
  • Commute

Commute

Starting Address
Destination Address
2506 Ne Multnomah St, Portland, OR

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