The Rinehart Building

3037-3041 N Williams Ave & 18-20 N Monroe St, Portland, OR 97227

Property Information

  • For Sale $2,037,000
  • Property Type Multi-Family
  • Property Size 13,362 SF
  • Units 9
  • Lot Size 0.11 Acre
  • Year Renovated 2014
  • Date Updated May 7, 2026

Description

Located along the N Vancouver/N Williams corridor in the heart of the Eliot neighborhood within walking distance to nearby restaurants, grocery, retail, and more. Easy access to I-5 & I-405 and public transportation. Williams Avenue offers a prime bike thoroughfare and a vehicle traffic count of over 7,910 cars per day providing ample signage/billboard income opportunity on the wall facing Northbound traffic.Mixed-use multifamily asset holds two buildings on a single tax lot comprised of two commercial units and a total of seven apartments. The Rinehart Building on the corner of N. Williams & N. Monroe, includes office and retail storefront suites and five 1bd/1ba apartments on the 2nd level. This historical building underwent complete renovation in 2014. The Monroe Building, a 2014 new build duplex, encompasses a 1bd/1ba & a 2bd/1.5ba apartment with rooftop terrace. The buildings share secure garbage/recycling, storage and bike room access.

Highlights

  • 100% occupied
  • 92 Walk Score and 100 Bike Score
  • Ample street parking and easy transportation access
  • Below average market apartment rents offer upside
  • Secure/gated access to trash/recycling/bike storage
  • Seismically upgraded
  • Seven residential units: six 1bd/1ba + one 2bd/1.5ba w/rooftop terrace
  • Traffic count: 7,910+ cars per day + ample bike traffic
  • Two commercial units w/abundant basement storage
  • Two income producing buildings on single tax lot

Contacts

Marissa Lee

Commercial Real Estate NW

Location

Located at 3037-3041 N Williams Ave & 18-20 N Monroe St, Portland, OR 97227, this property is part of the Eliot neighborhood and Portland market.

Contact Listing Broker
Marissa Lee

Commercial Real Estate NW

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