Listed by Capacity Commercial Group
$1,990,000
MLK & Failing Apartments
Details
APN R206899, R702846, R702837, R702810
Property Type Land
Sub Type Residential, Multifamily
Lot Size (SqFt) 19,200
Zoning CM3
MAJOR PRICE REDUCTION | Multifamily Development Site | 83 Units / 4 Buildings | Studio + 1BR
Marketing description
Previously Approved Multifamily Development Site in NE Portland
83 Projected Units Including Live / Work • High-Visibility Location
Sale Price: $1,990,000
Total Land Area: 19,200 SF (4 Parcels)
Projected Units: 83 Units (74 Residential + 9 Live/Work)
Total Gross Area (All Buildings): 46,139 SF
Total Rentable Area (All Buildings): 35,118 SF
Investment highlights
• Multifamily Development Site in NE Portland
• Fully-Engineered, Previously Approved Opportunity for 83 Units (74 Apartments + 9 Live-Work Units)
• 62 Studio and 21 1-Bedroom Units Ranging from 336 - 702 Average Sq. Ft.
• Buildings 1-3 have 21 Total Units Each, with Building 4 having 20 Total Units (Incl. Live-Work)
• High-Visibility Location along NE MLK Corridor
Listing Contacts
Listed by Capacity Commercial Group
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