2809 NE M L King Blvd #2, Portland, OR, 97212
About This Home
Versatile ground-floor commercial condo in NE Portland offering exceptional flexibility for investors, owner-users, or live/work buyers. Featuring two separate entrances and dual addresses, this unique property presents a rare opportunity to occupy one space while leasing the other, or easily demising into two independent units. The space is filled with character, showcasing polished concrete floors, high ceilings, and an open, adaptable layout suited for a variety of uses including retail, studio, office, or creative workspace. Strong street presence and consistent traffic provide excellent visibility and accessibility for customers or clients. Whether you’re looking to establish a business, generate income, or create a dynamic live/work environment, this property offers the versatility and location to make it happen.
Getting Around
Very Walkable
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Unknown
- Year built: 2008
Materials
- Roof: Built-Up
- Construction materials: Other
Type & Style
- Home type: Condo
- Property subType: Residential,Condominium
Interior
Appliances
- Appliances included: Electric Water Heater
Bedrooms & Bathrooms
- Bathrooms: 1
- Partial bathrooms: 1
- Main level bathrooms: 1
Features
- High Ceilings
- Flooring: Concrete
Heating
- Heating features: Radiant
Interior Area
- Total structure area: 1,137
- Total interior livable area: 1,137 sqft
Property
Accessibility
- Accessibility features: Ground Level,One Level,Accessibility
Details
- Parcel number: R619489
- Zoning: CM3
Features
- Stories: 1
- Entry location: Ground Floor
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Cold Wave
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Multnomah County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,047 | $24,564 |
| Home Insurance * | $77 | $924 |
| Property Taxes | $344 | $4,128 |
| Electricity | $176 | $2,119 |
| Total | $2,644 | $31,728 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-28 | Listed for sale | $405,000 |
| 2019-06-20 | Sold | $320,000 |
| 2019-04-16 | Pending sale | $349,900 |
| 2019-03-25 | Price change | $349,900 |
| 2019-02-06 | Listed for sale | $375,000 |
| 2017-12-20 | Listing removed | $340,000 |
| 2017-11-14 | Listed for sale | $340,000 |
View on Zillow