8524 N Crawford St, Portland, OR 97203

This is one of the largest and best mixed use development sites in Portland. Located in the growing and robust St John’s neighborhood, this 4.6 acre property has beautiful views of the Willamette River; 5000 acre Forest Park and the iconic St John’s Bridge. The property can be sold in individual parcels such as 4 50,000 sf parcels. The city of Portland passed a Land Improvement District (LID) that will bring all new streets; curbs; sidewalks; planter strips and high capacity utilties as well as improvements to access the riverfront starting in 2026. This will remove the always expensive offsite costs that come with almost any development.

This property is located less than 15 minutes to Portland city core and the trendy Pearl District Neighborhood. Retail; food/beverage; entertainment amenities are a short distance away in the active cool St. Johns downtown area.

This would be a great site for multi-family (either workforce or market rate) or senior housing/skilled nursing.

Portland’s multi-family market is showing momentum with very little new development; contiuned absorption; falling vacancy rates and predicted rent growth over the coming years. Additionally the City has recinded all city system development charges; review and permitting fees for new multifamily development in order to spur increase much needed housing. This is a savings of up to $20,000 per unit.

The topography is generally flat and has a rectangular layout conducive to 2-4 buildings and initial test fits of the site reveals the potential of up to 500 units while maintaining a very high parking ratio.

Owner is motivated to work with buyer/developers to coordinate project design, engineering and debt/equity financing to achieve a sale.