$6,260,000
6395 N Mississippi Ave
St. Johns · Portland, OR 97205
$289/sq ft42 days on market1.2K views67 saves
Key facts
- Interior
- 21,690 sq ft
- Lot
- 0.84 acres
- Year built
- 1966
- Property type
- Mixed Use
- Price / sq ft
- $289/sq ft
- Annual taxes
- $65,730
- Days on market
- 42
Getting around
Somewhat Walkable
Good Transit
Very Bikeable
About this property
Built in 1966 and capitalized properly since, this mixed-use building needs no immediate capital. 5 tenants spread the credit risk, and the NNN structure limits landlord exposure. Full offering memorandum and T-12 available under NDA.
Investment summary
Investment summary
Cap rate
7.10%
Net operating income ÷ price
Net operating income
$444,460
Annual, after operating expenses
Cash-on-cash
+4.3%
$81,151 annual cash flow on $1,878,000 equity
17,569 sq ft leased of 21,690 sq ft
- Tenants
- 5
- Rentable area
- 21,690 sq ft
- Price / sq ft
- $289/sq ft
- WALE
- 4.6 yrs
- Lease type
- NNN
- Building class
- Class C
- Zoning
- VMU
- Parking
- 58 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $363,309 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Interior
- Ground-Floor Retail
Parking & Access
- Freight Elevator
- Structured Parking
Highlights
- Corner Visibility
- Value-Add Upside
- Recent Capital Improvements
- 24/7 Card Access
- Below-Market Rents
- Opportunity Zone
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2016-01-02 | Sold | $4,926,000 |
| 2026-06-13 | Listed | $6,260,000 |
Location
St. Johns, Portland — Multnomah County
Approximate location · St. Johns
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Estimated monthly
$38,629/mo
- Principal & interest81%$31,325
- Property tax14%$5,478
- Home insurance5%$1,826
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
Loan amount $5,008,000 · 30 yr · 6.40%