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Listing provided courtesy of LUXE Forbes Global Properties- MLS# 691061809MLS Provider

220 SW 1ST AVEPortland, OR 97204

Commercial · 5,000 Sq. ft. | 0.06 Acres
$1,900,000 Active

220 SW 1ST AVE Overview

Time on Site:
210 days
Visits:
21

The Lombard Building presents a rare opportunity to acquire a meticulously renovated historic property in Portland's central core. Originally built in 1889, the building combines architectural character with modern functionality. The building's location delivers convenient connectivity with multiple MAX stations within a 5-minute walk, Union Station a 15-minute walk, and PDX airport a 21-minute drive. The surrounding Old Town/Chinatown district offers tenants and customers an amenity-rich environment with dining, shopping, and entertainment options, plus close proximity to waterfront parks and the Pearl District. With turnkey condition, tenant income, and unmatched transit access in one of Portland's most dynamic neighborhoods, this represents a compelling core investment opportunity. Seller has an active real estate license in OR.

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220 SW 1ST AVE Facts & Features

  • Type Commercial
  • Sq. ft. 5,000
  • Price/Sq.ft. $380
  • Lot 0.06 Acres

Details

General

Income/Expenses

  • Gross Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1889

Business Information

  • Current Use: Office,Other,Retail

Location/Region

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

Tax Information

  • Tax Annual Amount: 19079.74
  • Tax Year: 2025

General Information

  • Inclusions: Building
  • Listing Terms: Cash,Conventional
  • Parcel Number: R246008
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Commercial
  • Property Type: Commercial Sale
  • Zoning: CXD

Interior

Building Interior

  • Building Area Total: 5000.0

General Information

  • Cooling: Central Air
  • Heating: Forced Air
  • Stories: 2

Exterior

Parking Information

  • Parking Features: On Street

Lot Information

  • Lot Size Area: 2502
  • Lot Size Square Feet: 2613.0
  • Number Of Buildings: 1
  • Water Source: Public Water

General Information

  • Sewer: Public Sewer

220 SW 1ST AVE Neighborhood

Community

97204 (Portland) Demographics

40
Median Age
3,495
Population Density (per sq. mile)
18%
College Educated
$0
Estimated Median Income
42
Estimated Total Home Owners
470
Estimated Total Renters
8% / 92%
Estimated Owner / Renter Divide
1
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.

220 SW 1ST AVE 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.

220 SW 1ST AVE Market Data

Based on the last 30 days in this zip code

$474,500
Average List Price
$286
Average Price per Square Foot
0
Properties Sold
74
Average Days on Market
2
Properties for Sale
Calculations provided by Reliance Network

220 SW 1ST AVE History

Date Event Value Agent
12/1/2025Source: Regional MLS Added to Database
December 01, 2025