3511 Se MILWAUKIE Ave, Portland, OR 97202

• 2,480 sqft

Property Description

Exceptional opportunity to own a versatile commercial property featuring two separate units, currently leased for $4,500/month NNN, providing immediate income potential. Zoned Commercial, this property offers flexibility for a wide variety of uses, including medical or dental offices, professional office space, retail sales and service, daycare, light manufacturing, and production uses (buyer to verify permitted uses with the city). Ideally located just minutes from the highly sought-after Sellwood neighborhood and only 5 minutes to downtown Portland, this property offers excellent accessibility, convenient access to major roadways, and close proximity to established businesses, shopping, dining, and residential neighborhoods. An outstanding opportunity for investors seeking stable income or owner-users planning for future occupancy in a prime Portland location.

Listing Status:

Active

Date Added:

July 21, 2026

Data Last Updated:

July 22, 2026 at 5:40PM

Listing Office:

Georgetown Realty Inc. : 503-256-1112

Listing Agent:

John Mahaffy : 503-256-1112

MLS ID:

531329891

Interior

• A/C: Central air
• Heating: Heat pump

Exterior

• Parking: On site

Construction

• Roofing: Composition

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: CSOAK KNOLLBLOCK 1LOT 1R228572
• Current Use: Office

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.