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Data Last Updated: 07/23/2026 21:05 PT
$1,250,000
2days on market4,800 sqft
Taxes/yr $5,178
Your local expert: Nate Brantley
Send a tour request for 2823 SW 1ST AVE, Portland, OR, 97201.
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$1,250,000
Text NateThis home sits in Portland. Built in 1910.
Rare live/work commercial opportunity in historic Lair Hill! This 4,900 SF building across 3 functional levels sits on a 3,975 SF lot with flexible CM1 (Commercial Mixed Use) zoning—perfect for retail, office, or residential combinations. The ground floor features a turnkey 1,600 SF 2nd-generation restaurant. Formerly operated as Lair Hill Bistro, currently leased month-to-month for immediate holding income or a seamless transition for an owner-operator. Upper levels feature a spacious 5 BR / 1 BA apartment, ideal for living above your business or generating additional rental income. Unbeatable versatility and location!
Legal description
CARUTHERS ADD, BLOCK 58, N 37.5' OF LOT 3
data provided by Walk Score®
