$1,200,000
$400K PRICE DROP

1010 NE Weidler St Unit 1016 Portland, OR 97232

Lloyd District Neighborhood

Estimated payment $7,697/month

Total Views 7,599
6 Beds
2 Baths
12,366 Sq Ft
$97 Price per Sq Ft

Highlights

  • Property is near a bus stop
  • Landscaped
  • Asbestos
  • Cleveland High School Rated A-
  • Intercom Access
  • High Speed Internet

About This Home

Investment Opportunity: Historic Multi-Family Property in Portland's Lloyd District - First time on the market in 85 years and previously managed and occupied by the family who owned it for that time period. Presenting 1010–1016 NE Weidler St, a distinguished and expansive multi-family property situated on a 5,000 sq ft lot in Portland's vibrant Lloyd District. Built in 1909, this property encompasses 12 bedrooms and 4 bathrooms spanning through 4 units, reflecting its historic charm and potential for modern enhancements. This unique property offers full attic and basement spaces with additional development opportunities. Positioned in the heart of Portland’s Lloyd District, this exceptional commercial property offers unparalleled visibility and flexibility for a wide range of uses. 1010–1016 NE Weidler St features prominent frontage along a high-traffic corridor, just minutes from downtown and with immediate access to I-84, I-5, and MAX light rail lines. Large display windows, generous ceiling heights, and a versatile interior layout, the property is ideal for retailers, creative office users, or service-based businesses looking to thrive in a dynamic, transit-connected neighborhood. The surrounding area is a blend of dense residential, retail, and office development, ensuring strong foot traffic and excellent neighborhood synergy. High visibility on NE Weidler with excellent signage opportunities. Dense urban location by Moda Center, Oregon Convention Center, and Lloyd Center. Redevelopment Flexible zoning (verify with city) suitable for retail, office, showroom, or mixed commercial use. Don’t miss this rare opportunity to establish your presence in one of Portland’s most strategically positioned neighborhoods. Buyer to verify square feet.

Listing Agent

Jessica Tindell

Tindell & Co License #200511090 Listed on: 05/14/2025

Co-Listing Agent

Riley Tindell

Tindell & Co License #201228235

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,650

Year Built

  • Built in 1909

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Landscaped

Parking

  • Off-Street Parking

Home Design

  • Shingle Roof
  • Composition Roof
  • Asbestos
  • Concrete Perimeter Foundation

Interior Spaces

  • 12,366 Sq Ft Home
  • 3-Story Property
  • Intercom Access

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Storage

Location

  • Property is near a bus stop

Schools

  • Buckman Elementary School
  • Hosford Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Radiant Heating System
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R182317

Community Details

Overview

  • 4 Units
  • Lloyd / Holladay Subdivision

Building Details

  • Operating Expense $16,000
  • Gross Income $9,600
  • Net Operating Income $9,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,650

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1909
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, FullBasement, StorageSpace
  • Storage: Attic,Basement
  • Total Bedrooms: 6
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Asbestos
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: OnBusline, PublicRoad
  • Road Surface Type: Paved
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity,Gas
  • Internet Service Type: Cable
  • Security: IntercomEntry, Sidewalk
  • Cooling Y N: No
  • Heating: Radiant
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping

Schools

  • Elementary School: Buckman
  • High School: Cleveland
  • Middle Or Junior School: Hosford

Lot Info

  • Zoning: CXd
  • Lot Size Acres: 0.12
  • Lot Size: 50X100
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R182317

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 15649.51

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 125.0
  • Annual Gross Income: 9600.0
  • Property Net Operating Income: 9600.0
  • Annual Operating Expense: 16000.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,650 $584,910 -- --
2023 $15,048 $567,880 $0 $0
2022 $14,722 $551,340 $0 $0
2021 $14,473 $535,290 $0 $0
2020 $13,277 $519,700 $0 $0
2019 $12,789 $504,570 $0 $0
2018 $12,413 $489,880 $0 $0
2017 $11,897 $475,620 $0 $0
2016 $10,887 $461,770 $0 $0
2015 $10,602 $448,330 $0 $0
2014 $10,442 $435,280 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 Price Changed $1,200,000 -7.7% --
07/30/2025 07/30/25 Price Changed $1,300,000 -7.1% --
07/09/2025 07/09/25 Price Changed $1,400,000 -6.7% --
06/16/2025 06/16/25 Price Changed $1,500,000 -6.3% --
05/14/2025 05/14/25 For Sale $1,600,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Gift Deed -- --
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 224531071

Regional Multiple Listing Service (RMLS)

APN: R182317