- For Lease Contact for pricing
- Property Type Mixed Use
- Property Size 32,000 SF
- Lot Size 0.18 Acre
- # of Floors 5
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1912
- Year Renovated 2014
- Date Updated Jun 12, 2026
- Building Hours 24
- HVAC Hours 24
Description
The Waterman Building is a refined mixed-use building home to a basement, storefront restaurant/retail, and four floors of modern professional office space, as well as select custom office community amenities. Step into the building and be greeted by a state-of-the-art lobby with comfy seating options, a fireplace, fountains, shared workspaces, and unisex restrooms and showers. Tenants can enjoy a new restaurant on the first floor to meet with clients and a shared conference room if extra space is needed for business meetings.
Portland’s Central Eastside neighborhood has a nouveau-industrial chic personality, and these office spaces perfectly mirror that creative and artistic funky vibe. The Waterman Building is located just minutes from some of the trendiest restaurants, brew pubs, and coffee houses. After work, employees can hop on a bike and check out Portland’s vibrant eastside esplanade and bridges connecting to the downtown core and numerous riverfront parks. This building is conveniently located adjacent to accessible transit options like bus lines, street cars, and light rail. In addition to the properties, easy connections via walking and driving to Interstate 5, Hawthorne, and Morrison Bridges.
The district has many parking options, from daily to monthly parking spaces. For bike commuters, the building includes convenient and secure bike storage, a bike service and repair area, and private storage lockers. The Waterman Building is locally owned and managed. To take a virtual tour or learn more about this beautiful space, please get in touch with North Rim today.
Highlights
- Near Downtown Bridges, Highways I-5, I-84, and 99E
- Garage Parking
- Shared Conference Room
- Commuter Showers
- Bike Storage
- 13 Ft Ceilings
- Restaurant on 1st Floor
- Secure Buildng Entry
- Locally Owned and Professionally Managed
True
10 Spaces Available
Suite #220
Office Building
$3,381 Total Monthly Rent (Utilities and Janitorial Included)
1,990 SF
$10.89/SF/YR
2nd
Immediate
NNN
Yes
Yes
220
This 1,990 RSF office suite offers an ideal workspace with a spacious open area, a private office for added privacy, and stunning north-facing windows that flood the space with natural light. The suite features impressive 13-foot ceilings that create an airy, inviting atmosphere, along with a convenient kitchenette a data closet, all of your business needs are met. Perfectly designed for productivity and comfort, this suite is a must-see for any growing company.
Suite #310
Office Building
$6,962 Total Monthly Rent (Utilities and Janitorial Included)
3,650 SF
$10.89/SF/YR
3rd
3,650 - 3,650 SF
Immediate
NNN
Yes
Yes
310
Experience a furnished, modern, ADA-accessible third-floor suite designed for productivity and comfort. This professionally managed, locally owned space features seven private offices with expansive northern and eastern views, a striking corner conference room, and a stylish breakroom complete with a kitchenette. Enjoy natural light through large windows, polished concrete floors, wood accents, and calming neutral tones throughout. A southern-facing balcony offers a relaxing retreat, while utility and IT closets provide added functionality. NNN pricing includes all utilities and janitorial services, and garage parking is available for added convenience. Elevate your workspace in a suite that combines thoughtful design with unbeatable functionality.
Suite #320
Office Building
$795 Total Monthly Rent (Utilities and Janitorial Included)
375 SF
$10.88/SF/YR
3rd
Immediate
NNN
Yes
Full build out
Yes
320
Suite 320 is a furnished, ADA-accessible third-floor office. This professionally managed, locally owned property offers eco-friendly finishes, neutral tones, and large windows that fill the space with natural light. Additional amenities include basement storage and garage parking. NNN pricing includes all utilities and janitorial services, making Suite 320 a convenient and stylish choice for your business. Please note that images are of similar Waterman Building suites.
Suite #330
Office Building
$2,427 Total Monthly Rent (Utilities and Janitorial Included)
1,273 SF
$10.88/SF/YR
3rd
Immediate
NNN
Yes
No
Yes
330
Suite 330 boasts a glass lined private office, plus a kitchenette with a sink. It features a private west facing balcony, 13 foot ceilings, and polished concrete floors. Garage parking is available.
The Waterman Building has been sustainable renovated and has lots of industrial historic charm. Building amenities include ADA access to all floors via elevator, a shared conference room, a new restaurant on the first floor, bike storage, and commuter showers. NNN pricing includes utilities and janitorial. This property is professionally managed and locally owned.
Suite #420
Office Building
$3,715 Total Monthly Rent (Utilities and Janitorial Included)
1,948 SF
$10.89/SF/YR
Medical Office
4th
1,948 - 1,948 SF
Immediate
NNN
Yes
Yes
420
This professional office suite has a large open area, 5 private offices, a breakroom with kitchenette, an IT closet, and a private deck on the top floor of the Waterman Building. NNN pricing includes all utilities and janitorial services. This property is locally owned and professionally managed.
Building amenities included ADA accessibility to all floors, a shared conference room, bike storage and commuter showers, private ADA restrooms, and a fantastic new restaurant on the 1st floor.
Utilities and janitorial are included in monthly rent. This property is locally owned and professionally managed.
Contacts
North Rim
Location
Located at 80 SE Madison Street, Portland, OR 97214, this property is part of the Buckman neighborhood and Portland market.
North Rim
