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Listed by Knipe Realty ERA Powered • 503-201-8537
$ 1,700,000
Est. payment | /mo
0.31 Acres Lot
$ 1,700,000
Est. payment | /mo
0.31 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 23465308
Annual Tax Amount $3,787
Tax Year 2022
Lot Size 0.310 Acres
Property Description
Developer opportunity to purchase a fully entitled shovel-ready multi-family development site located in NE Portland. Permitted plans include 2 three-story wood frame apartment buildings with a total of 31 units. All of the units have exterior walk-up entries.Level 0.31 acre "L"-shaped lot. Zoning RM1. Lot dimensions: 50' at front, 100' at rear, 185' deep. Access and frontage on NE Prescott Street.Investment Highlights:Approved plans, ready to develop immediately.Wood frame design - limit construction costs without steel or concrete.Ideal inner NE Portland location for rental units.
Location
State OR
County Multnomah
Area _142
Zoning RM1
Exterior
Utilities Available CableAvailable, ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, PublicSewer, WaterAvailable
Garage No
Building
Lot Description Cleared, Public Road
Schools
Elementary Schools Vernon
Middle Schools Vernon
High Schools Jefferson
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
