The 2330 Building — Sale in Portland, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Portland, OR 97210
  • Year built: 1976

Photos

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Investment Figures

Cap rate
5.37%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The Hefner Team is pleased to present the unique investment opportunity located at 2330 NW 31st Avenue, Portland, Oregon in the Northwest Industrial District. This nearly 20,000 SF industrial flex property features new second story creative office space and is strategically located in a highly sought-after submarket with a history of low vacancies. Renovations include a second-story office addition with seismic retrofitting, custom soundproofing, large bay doors and a powerful 2,400-amp 3-phase electrical system. A fenced and gated parking area ensures secure, convenient access for staff and clients. Given its versatile layout, specialized infrastructure, and location within a high-demand submarket, this creative/maker/industrial asset presents a compelling investment opportunity with future upside in one of Portland’s most dynamic commercial corridors. Investment Highlights: • Fully Renovated Creative/Flex Space with Soundproofing, Updated Individual HVAC Systems in All Units, and Second Story Creative Office • One Ramped Access and One Dock-High 10' x 12' Roll-Up Door • 2,400-Amp 3-Phase Electrical Capacity • Ideal for Media Production - Zoned IH (Heavy Industrial), Multiple Conditional Uses Currently Utilized, Including Office • Secure Fenced and Gated Parking • Excellent Access To US-30 and I-405 - 10 Minutes to Downtown

Market Context

This office in Portland, OR is listed for sale. It is offered at an approximate 5.4% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1976. Compare it against other office listings for sale in Portland, OR — view the full market.

As of Q2 2026, the Portland office market showed average asking rents near $32.70/SF/yr. Source: multiple brokerage reports, Q2 2026.

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