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For Sale

HISTORIC DURHAM HOUSE

2138 SW Salmon Street | Portland, OR 97205

Property Details

Price$2,230,000
Building Size8,917 SF
Property Size0.18 Acres

Supporting Documents

Description

  • The Durham House was constructed in 1890 in the Queen Anne Victorian style. It is ideally located at the top of SW Salmon Street above the Multnomah Athletic Club/Providence Park complex. This prominent corner property with two elegant entrances is available for the first time in over 26 years. The property consists of three stories, a daylight lower level, and a stately Carriage House for approximately 8,917 square feet with a total of 25 rentable suites.
  • Zoning: RM3 - Residential Multi Dwelling Grandfathered Office
  • Occupancy: 63%
  • For detailed financial information, contact broker

Highlights

  • Highly visible building with multiple long-term tenants
  • Consistent high occupancy pre-pandemic
  • Well situated 4 blocks to I-405 entrances and 2 blocks to Highway 26
  • Attractive offices with view windows and waiting spaces in common areas
  • Included in purchase are all area rugs, almost all wall art, and the majority of common area furniture
  • The Durham House has been well maintained: 2020 capital improvements - $58,678 (including kitchen appliances, new central A/C third floor), new boiler in 2015
  • Priced well below replacement cost at $250 per square foot
  • Flexible space for tenant expansion and contraction
  • Minutes to walk to multiple restaurants and shopping: Uptown Shopping Center, NW 23rd and NW 21st shopping, 4 blocks to highly walkable Washington Park, 2 blocks from the Multnomah Athletic Club
  • Convenient to transportation: 2 block to Max light rail platform, TriMet bus stop at Durham House

Brokers

GETTING STARTED

Put our sales and management experience to work for you.

CONTACT US
3641 NW St Helens Rd
Durham House

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