317 NE Sacramento St, Portland, OR 97212

Investment Overview

317 NE Sacramento St is a well-located office asset positioned within Portland’s highly sought-after NE Close-In submarket, just off NE Martin Luther King Jr. Blvd. The property consists of approximately 2,190–2,256 square feet across a functional multi-level layout, situated on a compact 0.08-acre urban lot.

Originally constructed in 1904 and recently renovated in 2023 for office use, the building blends historic architectural character with modern usability. Currently configured as a boutique office converted from residential use, the asset offers immediate functionality for an owner-user or investor seeking a centrally located, move-in-ready opportunity.

The surrounding area is defined by dense residential population, active commercial corridors, and strong transit accessibility, supporting continued demand from office, creative, and service-oriented users. The CM3 zoning designation further enhances flexibility, allowing a wide range of commercial and mixed-use applications aligned with Portland’s urban infill development trends.

Highlights

Prime Urban Submarket
Prime NE Close-In Portland submarket with strong urban demand

High-Traffic Corridor Access
Immediate proximity to NE MLK Blvd with ±26,670 VPD

Dense Population Base
Dense population base of ±26,780 residents within 1 mile

Affluent Demographics
Average household income exceeding $115,000 within 1 mile

Transit-Oriented Location
Transit-oriented location with multiple stops within walking distance (±8–13 minutes)

Proximity to Downtown
4-minute drive to Downtown Portland

Airport Accessibility
21-minute drive to Portland International Airport

Supply-Constrained Infill Location
Infill location with limited supply supporting long-term value retention