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Listed by Keller Williams Realty Professionals
$ 649,500
Est. payment | /mo
0.26 Acres Lot
$ 649,500
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24693324
Annual Tax Amount $6,748
Tax Year 2023
Lot Size 0.260 Acres
Property Description
Prime Development Opportunity in Portland’s Thriving Market.Investors, builders, and developers – this is your chance to capitalize on a rare opportunity in the heart of Portland! Situated on a spacious 0.26-acre lot, this property is zoned RM1 in Multnomah County, making it ideal for multi-family development. Priced competitively, this lot is ripe for transformation into a high-demand residential complex.Key Features:Zoning: RM1 – Perfect for multi-family units, townhomes, or apartment buildings. Lot Size: 0.26 acres – ample space for creative development and maximizing ROI. Location: Prime SE Portland location, offering convenient access to local amenities, schools, parks, and public transportation. Potential: The RM1 zoning allows for the development of up to four stories of residential units, catering to the increasing demand for housing in Portland's bustling real estate market. Neighborhood: Located in a vibrant community known for its strong rental market, this property promises steady rental income and long-term growth potential.Why This Property?Strategic Investment: Portland’s real estate market continues to flourish, with high demand for well-located, multi-family properties. This lot offers investors the perfect opportunity to build and capitalize on this trend. Flexible Development Options: Whether you envision modern townhomes, a boutique apartment building, or a mixed-use development, this property’s zoning and lot size offer incredible flexibility. High ROI Potential: The combination of location, zoning, and lot size makes this property a high-yield investment. Develop a property that will attract long-term tenants and provide consistent rental income. Don’t miss out on this exceptional development opportunity in one of Portland’s most sought-after neighborhoods. Contact us today to schedule a viewing or to discuss the potential this prime property holds for your investment portfolio.Act Now – Opportunities Like This Don’t Last Long!
Location
State OR
County Multnomah
Area _143
Zoning RM-1
Exterior
Utilities Available ElectricityAvailable, PublicSewer, WaterAvailable
Waterfront Description Seasonal
View Mountain, Seasonal
Garage No
Building
Lot Description Public Road
Schools
Elementary Schools Bridger
Middle Schools Bridger
High Schools Franklin
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
