2 Days Ago
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4124 N Mississippi Ave #1, Portland, OR 97217, USA|Boise
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TLC Rental Management
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About 4124 N Mississippi Ave #1
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 m..
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 4124 N Mississippi Ave #1 compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.2 mile away
- High school nearby
- There is a high school 0.5 mile away
Address details
| Neighborhood | Boise |
|---|---|
| Zip code | 97217 |
| Type | House for rent |
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Rent trends in Boise
3-bedroom apartments at 4124 N Mississippi Ave #1 cost about 13% more than the average rent price for 3-bedroom apartments in Portland.
Median rents as of Mar 7 2026.
Boise
Portland
| Month | Median Rent |
|---|---|
| March 2024 | $2,495 |
| April 2024 | $2,495 |
| May 2024 | $2,511 |
| June 2024 | $2,523 |
| July 2024 | $2,595 |
| August 2024 | $2,598 |
| September 2024 | $2,631 |
| October 2024 | $2,557 |
| November 2024 | $2,499 |
| December 2024 | $2,496 |
| January 2025 | $2,498 |
| February 2025 | $2,497 |
| March 2025 | $2,526 |
| April 2025 | $2,495 |
| May 2025 | $2,495 |
| June 2025 | $2,523 |
| July 2025 | $2,519 |
| August 2025 | $2,563 |
| September 2025 | $2,515 |
| October 2025 | $2,595 |
| November 2025 | $2,536 |
| December 2025 | $2,495 |
| January 2026 | $2,495 |
| February 2026 | $2,495 |
| March 2026 | $2,495 |
| Month | Median Rent |
|---|---|
| September 2024 | $2,845 |
| October 2024 | $2,705 |
| November 2024 | $2,645 |
| December 2024 | $2,945 |
| January 2025 | $2,695 |
| February 2025 | $2,695 |
| March 2025 | $2,771 |
| April 2025 | $2,658 |
| May 2025 | $2,395 |
| July 2025 | $2,695 |
| August 2025 | $2,845 |
| September 2025 | $2,809 |
| October 2025 | $2,745 |
| November 2025 | $2,736 |
| December 2025 | $2,928 |
| January 2026 | $2,895 |
| February 2026 | $2,873 |
Affordability calculator
Can I afford to live at 4124 N Mississippi Ave #1?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$130,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $130,000 annually to afford this 3-bedrooms monthly rent price of $3,250.
For more information on rent affordability, visit our rent calculator.
Schools near 4124 N Mississippi Ave #1
Boise-Eliot Elementary School
620 n fremont
portland, OR, 97227
PK, K-5Public
C
Rose City Park
2334 ne 57th ave
portland, OR, 97212
K-5Public
B+
Winterhaven School
3830 se 14th ave
portland, OR, 97202
K-8Public
A-
Washington State School for the Deaf
611 grand blvd
vancouver, WA, 98661
PK, K-12Public
Functional Living Skills Program
11611 ne ainsworth cir
portland, OR, 97220
K-12Public
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Internet available near 4124 N Mississippi Ave #1
Getting around Portland near 4124 N Mississippi Ave #1
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
6/10
Frequent public transit options are within walking distance.
Points of interest for 4124 N Mississippi Ave #1, Portland
Groceries
9/10
At least one supermarket within a 5-minute walk
Shopping
7/10
Several shops within a few minutes’ walk
Cafes
6/10
Several cafés within a few minutes’ walk
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
7/10
At least one high school within a 15-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
8/10
Wide variety of bars within a few minutes' walk
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