Income Today, Development Tomorrow | Prime Peninsula Park Location with 2 BR SFR

5949 N ALBINA AVE Portland, OR 97217

$699,000

INCOME TODAY. DEVELOPMENT TOMORROW.
Rare mixed-use opportunity across from Peninsula Park.
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Rare N Portland mixed-use opportunity directly across from Peninsula Park. This unique property combines a commercial building with an attached 2-bedroom, 1-bath single-family residence, providing two existing income-producing uses and separate utilities. Both tenants are month-to-month, offering flexibility for an investor, owner-user, or future redevelopment strategy. The RM2-zoned lot also offers potential for additional development, including an ADU or other possibilities, subject to City of Portland approval. Prime location near I-5, transit, and Peninsula Park makes this a distinctive opportunity with immediate income and meaningful long-term upside.
 

MLS 503257729

$699K - 1,632 SF - 5,227 SF Lot - Mixed-Use Commercial + Residential - 2BD / 1BA - 2 Income-Producing Uses - Separate Utilities - Month-to-Month Tenancy - RM2 Zoning - Development Potential - Across from Peninsula Park

Brokered by REMAX Equity Group

 
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Kevin Smallbeck

Kevin Smallbeck

RE/MAX Equity Group

540 NE 20th Ave #210 Portland, OR 97232

503-351-4989

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OR 981000145

 
 

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Listing courtesy of RE/MAX Equity Group