4124 N Mississippi Ave, Portland, OR 97217

Mixed-Use Rental Opportunity | 3 Bed | 2 Bath | Food Cart Space | Off-Street Parking

Property Overview
This rare mixed-use NNN rental combines a 3-bedroom,... 2-full bathroom home with an area for a food cart on the same 5,000 sq ft CM2 zoned lot. The property also includes a dried-in basement storage area totaling approximately 864 sq ft, providing valuable additional storage or workspace.

This opportunity is ideal for an owner-operator, live/work tenant, or business seeking exposure on one of North Portland's most active commercial corridors.

Residential Rent: $3,250 per month NNN
Food Cart Space Rent: $500 per month
Zoning: CM2 Commercial Mixed Use
Lot Size: 5,000 sq ft
Parking: Off-street parking via rear alley access

Location Highlights | North Mississippi Avenue
Mississippi Avenue is one of Portland's most vibrant and walkable commercial corridors and is considered a destination area on Portland's eastside. The street is known for:

• Strong daily pedestrian traffic from neighborhood residents and visitors
• A dense mix of restaurants, bars, retail shops, galleries, and music venues
• Active daytime foot traffic and strong evening dining and nightlife activity
• Consistent vehicle flow along the corridor providing excellent visibility

The combination of walkability, destination dining, and neighborhood density creates strong exposure for any business use associated with the property.

CM2 Zoning | Allowed Uses
The CM2 Commercial Mixed Use 2 zoning designation allows a wide range of uses, including:

• Retail sales and services
• Office and professional services
• Restaurants and food service uses
• Food carts
• Creative studios
• Live/work configurations
• Small business operations, subject to permitting and development standards
• Residential living

Food Cart Space
The property includes a designated area for a food cart with upgraded electrical service. The space includes an exterior plug suitable for connecting a food cart as well as festoon lighting already installed, creating a welcoming outdoor atmosphere for customers.

Property Features
North Side Yard
Additional outdoor area along the north side of the property that can provide flexibility for access, outdoor seating, or landscaping depending on tenant use.

Cemented Parking Area
Off-street parking is available via rear alley access, providing convenient parking for residents, staff, or customers.

Living and Dining Area
The main level features a comfortable living and dining area with natural light and flexible space suitable for residential living or a live/work environment.

First Bedroom
Main floor bedroom that can also function well as a private office or workspace.

Second Bedroom
Additional main level bedroom that could be used as a bedroom, office, or studio.

Kitchen with Pantry
Functional kitchen layout with pantry storage and access to the rear of the home.

Enclosed Back Porch with Cabinets
The enclosed back porch includes built-in cabinets offering additional storage and utility space.

Third Upper Master Suite with Full Bath
The upper level features a private primary suite with a full bathroom, creating separation from the main level living areas.

Basement with Mudroom and Storage
The basement level includes a mudroom entry area and a large dried-in storage area totaling approximately 864 sq ft. This space is ideal for storage, supplies, inventory, or general utility use.

For more information or to schedule a viewing, please reach out to the property manager . Read More