- 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 Jul 10, 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
11 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
$895 Total Monthly Rent (Utilities and Janitorial Included)
401 SF
$10.89/SF/YR
3rd
401 - 401 SF
Immediate
NNN
Yes
Full build out
Yes
310
Everything you’ve been searching for in an office space—and more. Mt Everest Suite #310 is a private office with views, a shared reception area, kitchenette, and balcony. The suite features loft-like appeal with polished concrete, glass and wood highlights, and high, exposed ceilings. Building amenities include ADA access, elevator, bike storage, commuter showers, a spacious lobby, conference room, high speed internet fiber, 24/7 secure building access.
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 #430
Office Building
$2,406 Total Monthly Rent (Utilities and Janitorial Included)
1,262 SF
$10.88/SF/YR
4th
Immediate
NNN
Yes
Yes
430
This top floor suite has an open floor plan and features 13 foot veilings and a polished concrete floors that provide a industrical vibe to this professional space. Additional amenities include a kitchenette and a private balcony with city views. This suite has secure garage parking available.
Building amenities include modern finishes throughout, ADA accessibility via elavator, a new restaurant on the first floor, commuter showers, and bike storage.
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
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