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3122 N WILLIAMS AVE

Portland, OR 97227

$1,400,000

Fantastic development/ investment/owner occupant/urban farm opportunity on the Williams Corridor. Sale includes two tax lots. R308691 (.09 acres) contains a ground level store front/retail spaced currently leased as a bar; the upper residential duplex has two spacious 2-bedroom residential units. Possible 3rd bedroom in unit B. Adjacent parcel R308690 (.07… Read MoreRead Less

Listing courtesy of Alternative Realty.

Listing Snapshot

Days Online

Last Updated

Dec 7, 2025

Square Ft.

3,949

Lot Size

0.16 Acres

Year Built

1907

MLS Number

596149847

30 Days Snapshot Of 97227

$728k

(avg) sold price

-100%

homes sold

(avg) days on market

Snapshot

Area Map

Additional Details

Unit Three

Area: 1896, Actual Rent: $3,577, Features: Storage, Units Total: 1, 1 total bathroom

Building

Building Area Total: 3949, Built in 1907, Stories: 3, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3

Disclosures

Disclosures: Disclosure

Expenses

Operating Expense: $10,489

Exterior Features

Exterior Description: WoodSiding

Heating

Heating: WallHeater

Income

CAP Rate: 5.54, Gross Income: $88,116, Gross Rent Multiplier: 15.89, Net Operating Income: $77,627

Lot

Features: CornerLot, Level, Trees, Size Acres: 0.16, Size Dimensions: 41X100 and 51X59, Size Range: SqFt5000to6999, Size Square Feet: 6,969, Size: 5,000 to 6,999 SqFt

Miscellaneous

Investor Information: AccordingToOwner, Leases

Parking

Features: OnStreet

Property

Number Of Units Total: 3, Property Condition: Existing, Zoning: CM2

Roof

Roof: Composition, Flat, Rubber

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $6,442, Legal Description

Unit One

Actual Rent: $1,891, Area: 1040, Features: Deck, Range, WasherDryerHookup, WoodFloors, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Two

Actual Rent: $1,875, Area: 1012, Features: Range, Refrigerator, WasherDryerHookup, WoodFloors, Units Total: 1, 1 total bathroom, 2 total bedroom

Utilities

Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Living Room Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Dec 7, 2025. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Dec 7, 2025. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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