317 NE Sacramento St, Portland, OR 97212 — Sale in Portland, OR

  • Price: $395K
  • Listing type: For sale
  • Asset type: Office
  • Location: Portland, OR 97212
  • Size: 2,190 SF
  • Year built: 1904

Investment Figures

Price per square foot
$180

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

317 NE Sacramento St is a well-located office asset positioned within Portland’s highly sought-after NE Close-In submarket, just off NE Martin Luther King Jr. Blvd. The property consists of approximately 2,190–2,256 square feet across a functional multi-level layout, situated on a compact 0.08-acre urban lot. Originally constructed in 1904 and recently renovated in 2023 for office use, the building blends historic architectural character with modern usability. Currently configured as a boutique office converted from residential use, the asset offers immediate functionality for an owner-user or investor seeking a centrally located, move-in-ready opportunity. The surrounding area is defined by dense residential population, active commercial corridors, and strong transit accessibility, supporting continued demand from office, creative, and service-oriented users. The CM3 zoning designation further enhances flexibility, allowing a wide range of commercial and mixed-use applications aligned with Portland’s urban infill development trends. Building SF: 2190 | Land Size: 0.08 Ac | Year Built: 1904 | Listing Type: FOR SALE

Market Context

This office in Portland, OR is listed for sale at $395,000 across 2,190 SF ($196/SF). The building dates to 1904. It has been on the market for 70 days. Compare it against other office listings for sale in Portland, OR — view the full market.

As of Q1 2026, the Portland office market showed a 27.1% vacancy rate, average asking rents near $32.00/SF/yr, and rents up 4.8% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

Is the Portland office market tightening or softening?
Vacancy is around 27.1%, with asking rents rising year over year (Q1 2026).

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