3411 SE 69th Ave
Portland, OR 97206
- – beds
- – baths
- – sqft
- 11,325 sqft lot
- – on site
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!
Last checked:
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Last updated Nov 3, 2024
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MLS# 24693324 —
This property is listed in more than one place. See it here.
Financial & Terms
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Bank Owned:false
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Land Lease:false
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Short Sale:false
Location
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Directions:Powell to L on SE 69th Ave
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Latitude:45.498001
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Longitude:-122.592606
The Property
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Parcel Number:R333257
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Property Type:Land
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Property Subtype:MultiFamily
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Land Description:Level
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Lot Features:PublicRoad
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Lot Size Range:SqFt10000to14999
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Lot Size Acres:0.26
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Lot Size SqFt:11325.0
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Zoning:RM-1
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Current Use:Residential
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View:true
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View Description:Mountain, Seasonal
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Waterfront Features:Seasonal
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Soil Condition:Unknown
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Existing Structures:true
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Property Attached:false
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Additional Parcels:false
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Road Surface Type:Concrete,Paved
Listing Agent
- Contact info:
- Agent phone:
- (503) 899-9071
- Office phone:
- (503) 546-9955
Taxes
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Tax Year:2023
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Tax Legal Description:SECTION 08 1S 2E, TL 14800 0.26 ACRES
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Tax Annual Amount:6748.15
Heating & Cooling
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Heating:false
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Cooling:false
Utilities
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Utilities:ElectricityAvailable,PublicSewer,WaterAvailable
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Internet Service Type:Cable,DSL
Schools
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Elementary School:Bridger
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Middle Or Junior School:Bridger
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High School:Franklin
Parking
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Attached Garage:false
Extra Units
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Other Structures:Residence
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/3/24
Nov 3, 2024
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Price Changed | RMLS | $649,500 | -0.1% |
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10/10/24
Oct 10, 2024
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Price Changed | RMLS | $650,000 | -13.3% |
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8/31/24
Aug 31, 2024
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Listed / Active | RMLS | $750,000 |
