Fully leased and ready to go — this mixed-use property delivers steady cash flow with minimal effort. The ground-floor retail storefront is occupied by a florist, complemented by two desirable residential rentals (3-bedroom + 1-bedroom). Prime location near shops, dining, parks, and easy freeway access ensures long-term demand from both residential and commercial tenants. Tenants enjoy a convenient Fairview location close to downtown amenities and just minutes from I-84. A true turnkey opportunity with a strong rental history and built-in stability.
Pending
$750,000
1647 NE Market Dr, Fairview, OR 97024
4beds
4,353sqft
Multi Family
Built in 2005
-- sqft lot
$-- Zestimate®
$172/sqft
$-- HOA
What's special
Ground-floor retail storefront
- 60 days |
- 123 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
David Abrams 503-816-7167,
Think Commercial LLC,
Hope Beraka 503-679-9243,
Think Commercial LLC
Source: RMLS (OR),MLS#: 237148307
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- Partial bathrooms: 1
Heating
- Forced Air
Cooling
- Central Air, Air Conditioning
Appliances
- Included: Dishwasher, Microwave, Washer/Dryer, Tank Water Heater
Features
- Storage
- Basement: Crawl Space
Interior area
- Total structure area: 4,353
- Total interior livable area: 4,353 sqft
Property
Parking
- Total spaces: 3
- Parking features: Assigned, Garage
- Garage spaces: 3
Features
- Stories: 3
Lot
- Features: SqFt 0K to 2999
Details
- Parcel number: R546828
- Zoning: FV
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Cement Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Existing
- Year built: 2005
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: All Landscaping, Commons
- Security: Security Gate, Security Lights
HOA
- Has HOA: Yes
Location
- Region: Fairview
Financial & listing details
- Price per square foot: $172/sqft
- Tax assessed value: $603,870
- Annual tax amount: $10,475
- Date on market: 5/19/2026
- Cumulative days on market: 61 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 6509
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$2,645/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Pending sale | $750,000$172/sqft |
Source:  RMLS (OR) #237148307 Report a problem | ||
| 5/19/2026 | Listed for sale | $750,000$172/sqft |
Source: RMLS (OR) #237148307 Report a problem | ||
| 8/27/2024 | Listing removed | $2,550$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/13/2024 | Listed for rent | $2,550+4.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/24/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 10/18/2022 | Price change | $2,450-5.6%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 10/14/2022 | Price change | $2,595-3.7%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 10/10/2022 | Price change | $2,695-3.6%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 10/4/2022 | Price change | $2,795-3.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/30/2022 | Listed for rent | $2,895+16.3%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/1/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 2/15/2022 | Price change | $2,490+1.6%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 1/29/2022 | Listed for rent | $2,450$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2018 | $8,227 +1% | $477,350 +3% |
| 2017 | $8,146 +8.2% | $463,450 +3% |
| 2016 | $7,525 | $449,960 +3% |
| 2015 | $7,525 | $436,860 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97024
Nearby schools
GreatSchools rating
- 2/10Woodland Elementary SchoolGrades: K-5Distance: 0.3 mi
- 5/10Walt Morey Middle SchoolGrades: 6-8Distance: 1.8 mi
- 1/10Reynolds High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Woodland
- Middle: Walt Morey
- High: Reynolds
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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