About This Home

This 0-bedroom, 0-bathroom commercial at 2823 SW 1ST Ave in Portland, OR is listed for $1,250,000 ($260 per sqft). Built in 1910, the home offers 4,800 sqft of living space on a 0.09 acres lot.

Key Features

  • Built in 1910
  • 0.09 acre lot
  • 3 stories

Property Details

3 stories
1910

Amenities

A/C
Listing Description

Rare live/work commercial opportunity in historic Lair Hill! This 4,900 SF building across 3 functional levels sits on a 3,975 SF lot with flexible CM1 (Commercial Mixed Use) zoning-perfect for retail, office, or residential combinations. The ground floor features a turnkey 1,600 SF 2nd-generation restaurant.

Formerly operated as Lair Hill Bistro, currently leased month-to-month for immediate holding income or a seamless transition for an owner-operator. Upper levels feature a spacious 5 BR / 1 BA apartment, ideal for living above your business or generating additional rental income. Unbeatable versatility and location!

Monthly Cost Estimate

$6,685/mo

20% down · 6.5% · 30 years

Principal$904
Interest$5,417
Insurance$365

Estimates only. Actual payments may vary.

Location

2823 SW 1ST Ave

Portland, OR 97201

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 2823 SW 1ST Ave is listed at $1,250,000 ($260/sqft). The estimated monthly payment is $6,686 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1910, 0.09 acre lot, 3 stories.

This property is listed by Grace Kim.

GK

Grace Kim

Agent at Keller Williams Realty Portland Premiere

Listed by Keller Williams Realty Portland Premiere · Broker phone: (503) 880-4905 · Broker website

MLS# 733440364· Source: Regional Multiple Listing Services· 99 days on PropertySimple

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2823 SW 1ST Ave, Portland, OR 97201

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