About this home
Positioned in the heart of Portland's vibrant Deering Center, this highly visible 2,545± SF commercial building offers an exceptional opportunity. Currently configured as six professional office suites with five tenants in place, the property provides immediate income with flexibility for future use. Situated on a prominent corner lot, the building offers outstanding exposure, on-site parking, attractive green space, and a wheelchair ramp for accessible entry. The attic presents intriguing potential for expansion or storage. The desirable Deering Center setting also makes this a compelling candidate for conversion to a single-family residence. With its unbeatable location and strong visibility, this is a rare chance to secure a foothold in one of Portland's most established business districts.
Listing last checked: Listing updated:
Listed by Listing Agent · Vitalius Real Estate Group, LLC · MLS #1671072
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Details at a glance
Interior2 property facts
- Heating
- Baseboard, Hot Water
- Cooling
- None
Building3 property facts
- Style
- Office
- Year built
- 1900
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.15 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- B-1
Financial2 property facts
- Annual taxes
- $4,937
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $525,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,066 / monthAdjust
- Principal & interest
- $2,655
- Property tax
- $411
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $4,937. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 499 Stevens Avenue
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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