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Listing provided courtesy of Hanna Network- MLS# 667519561MLS ProviderContact Information: [email protected]

8535 N LOMBARD STPortland, OR 97203

Commercial · 8,600 Sq. ft. | 0.23 Acres
$1,725,000 Active

8535 N LOMBARD ST Overview

Time on Site:
74 days
Visits:
4

Rare Net leased investment opportunity in the heart of St. Johns. Quality tenants and leases in place. Some leased second floor offices. Upside in finishing second floor that is unfinished. Strong Proforma CAP rate over 8%. Includes parking lot behind. Opportunity to own second building adjoining at 8523-27 N Lombard.

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8535 N LOMBARD ST Facts & Features

  • Type Commercial
  • Sq. ft. 8,600
  • Price/Sq.ft. $201
  • Lot 0.23 Acres

Details

General

Income/Expenses

  • Existing Lease Type: Full Service,NNN
  • Gross Income: 138000.0
  • Gross Scheduled Income: 176000.0
  • Operating Expense: 49000.0

Building Information

  • Year Built: 1907

Business Information

  • Current Use: Office,Restaurant,Retail

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 141 - Portland North

Tax Information

  • Tax Annual Amount: 11230.0
  • Tax Year: 2025

General Information

  • Inclusions: Building,Land
  • Listing Terms: Cash,Conventional
  • Parcel Number: R232277
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Commercial
  • Property Type: Commercial Sale
  • Zoning: MU

Interior

Building Interior

  • Building Area Total: 8600.0

General Information

  • Cooling: Central Air,Mini Split
  • Heating: Ductless,Forced Air
  • Other Equipment: Sprinkler
  • Stories: 2

Exterior

Parking Information

  • Parking Features: On Site,Paved
  • Parking Total: 10.0

Lot Information

  • Lot Size Acres: 0.23
  • Lot Size Area: 10,000
  • Lot Size Dimensions: 50x200
  • Lot Size Square Feet: 10018.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Construction Materials: Concrete,Full Basement
  • Roof: Flat,Membrane

General Information

  • Sewer: Public Sewer

8535 N LOMBARD ST Neighborhood

Community

97203 (PORTLAND) Demographics

32
Median Age
3,309
Population Density (per sq. mile)
52%
College Educated
$67,229
Estimated Median Income
7,360
Estimated Total Home Owners
5,445
Estimated Total Renters
57% / 43%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

8535 N LOMBARD ST Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

8535 N LOMBARD ST Market Data

Based on the last 30 days in this zip code

$441,913
Average List Price
$309
Average Price per Square Foot
38
Properties Sold
92
Average Days on Market
137
Properties for Sale
Calculations provided by Reliance Network

8535 N LOMBARD ST History

Date Event Value Agent
4/16/2026Source: Regional MLS Added to Database
April 16, 2026