# 2823 SW 1ST Ave, Portland, OR 97201 > **TL;DR:** commercial, $1,250,000 ($260/sqft), built 1910, 4,800 sqft. > A/C. Est. $6,686/mo. Listed 100 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,250,000 | | Price/sqft | $260 | | Square Feet | 4,800 | | Year Built | 1910 | | Lot Size | 3,920 sqft (0.09 acres) | | Stories | 3 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 100 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $6,321 | | Estimated Insurance | $365 | | **Total** | **$6,686** | ## Key Amenities - A/C ## Property Highlights - Built in 1910 - 0.09 acre lot - 3 stories ## Description ### Agent 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! ## Location - **Address:** 2823 SW 1ST Ave, Portland, OR 97201 - **County:** Multnomah - **Coordinates:** 45.50258, -122.679036 - **Google Maps:** https://www.google.com/maps?q=45.50258,-122.679036 ## Listing Agent - **Name:** Grace Kim - **Brokerage:** Keller Williams Realty Portland Premiere - **Broker Phone:** (503) 880-4905 ## Photos ![2823 SW 1ST Ave - Photo 1](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f949893893r.jpg) ![2823 SW 1ST Ave - Photo 2](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f2550153780r.jpg) ![2823 SW 1ST Ave - Photo 3](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f2183036614r.jpg) ![2823 SW 1ST Ave - Photo 4](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f2774394314r.jpg) ![2823 SW 1ST Ave - Photo 5](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f3546574912r.jpg) ![2823 SW 1ST Ave - Photo 6](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f3672791238r.jpg) ![2823 SW 1ST Ave - Photo 7](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f1118838238r.jpg) ![2823 SW 1ST Ave - Photo 8](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f1909861509r.jpg) ![2823 SW 1ST Ave - Photo 9](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f4222978766r.jpg) ![2823 SW 1ST Ave - Photo 10](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f3452991620r.jpg) ![2823 SW 1ST Ave - Photo 11](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f3462300637r.jpg) ![2823 SW 1ST Ave - Photo 12](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f1949510716r.jpg) ![2823 SW 1ST Ave - Photo 13](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f1538553380r.jpg) ![2823 SW 1ST Ave - Photo 14](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f1549705463r.jpg) ![2823 SW 1ST Ave - Photo 15](http://lh.rdcpix.com/94fc4d1abc55f58fd283a1d33610a7e8l-f1183615033r.jpg) --- **MLS#:** 733440364 | **Updated:** 2026-10-19 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/2823-sw-1st-ave-portland-or-97201-3c82709ef4bf418bb7edef8731f37970) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/2823-sw-1st-ave-portland-or-97201-3c82709ef4bf418bb7edef8731f37970#listing", "url": "https://www.propertysimple.ai/listing/2823-sw-1st-ave-portland-or-97201-3c82709ef4bf418bb7edef8731f37970", "name": "2823 SW 1ST Ave, Portland, OR 97201", "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. 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