Perched in the iconic Marshall Wells building, this light-filled studio lives large in the heart of the Pearl. Built in 1910 by the Marshall Wells Hardware Company and designed by noted architect Daniel Burnham, this National Register-listed warehouse was thoughtfully converted in the early 2000s into residential lofts that honor its unique heavy-timber structure and light-filled industrial design. High ceilings, exposed beams, columns and dramatic almost floor-to-ceiling windows define the space and flood the unit with natural light. #417 offers a smart, open layout with meaningful updates throughout. Recent improvements include new LVP flooring with sound-deadening underlayment (2022), a dedicated water branch shutoff (2023), new refrigerator (2023), new barely-used range and dishwasher (2024), new double-sink bathroom vanity (2024), and new ceiling fan (2025). West-facing windows capture glowing sunset views over the West Hills, while mature trees provide a welcome visual buffer from I-405 during the spring, summer, and fall. At the heart of the building is a 5,000 s.f. open-air courtyard, offering a welcoming place to gather with neighbors or enjoy a quiet moment outdoors. Plus, with a Walk Score of 98, Bike Score of 97, and Transit Score of 83, you're moments from some of Portland's best restaurants, cafes, shops, and grocery stores. Includes a full-size secure indoor deeded parking space. With an incredibly well-managed HOA and one of the Pearl's most storied buildings, this is a rare opportunity to own a true Portland classic that blends history, light, and livability.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1.0
- Partial Bathrooms: 0
- Full Bathrooms: 1
- Bathrooms On Main Level: 1.0
- Full Bathrooms On Main Level: 1
- Bathrooms On Lower Level: 0.0
- Bathrooms On Upper Level: 0.0
Interior Features
- CeilingFan
- HighCeilings
- WasherDryer
- Window Features: DoublePaneWindows
Appliances
- BuiltinRange
- Dishwasher
- Disposal
- Microwave
- StainlessSteelAppliance
Heating and Cooling
- Cooling Features: AirConditioningReady
- Heating Features: ForcedAir
- Heating: Yes
Garage and Parking
- Attached Garage: Yes
- Garage Spaces: 1
- Parking Features: Attached
- Parking Total: 1
Home Features
- View: Territorial
- Security Features: FireSprinklerSystem, IntercomEntry, SecurityGate
Homeowners Association
- Association: Yes
- Association Amenities: Commons, ExteriorMaintenance, MaintenanceGrounds, Management, Sewer, Trash, Water
- Association Fee: 492
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 492
School Information
- Elementary School: Chapman
- High School: Lincoln
- Middle School: West Sylvan
Multi-Unit Info
- Number of Units In Community: 175
Condo Info
- Unit Floor In Building: 4
Other Property Info
- Annual Tax Amount: 4425
- Source Listing Status: Active
- County: Multnomah
- Directions: On NW Lovejoy between 14th & 15th Aves
- Tax Year: 2024
- Source Property Type: Residential
- Area: _148
- Property Subtype: condo
- Source Neighborhood: Pearl/Marshall Wells
- Parcel Number: R530071
- Subdivision: Pearl/Marshall Wells
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 624
- Year Built: 1910
- Building Area Total: 624
- Building Exterior Type: HardConcreteStucco
- Foundation Details: ConcretePerimeter
- Property Age: 116
- Property Condition: Resale
- Roof: BuiltUp
- Levels or Stories: 1
- Elevator: Yes
- Architectural Style: CommonWall, Loft
Accessibility Features
- Accessibility Features: AccessibleElevatorInstalled, AccessibleHallway, MainFloorBedroomBath, OneLevel
- Disabled Access: Yes
Utilities
- Sewer: PublicSewer
- Water Source: PublicWater