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!
3411 69TH AVE (MLS #24096070) is a bungalow, cottage single family home located in Portland, OR.
This single family home is 2,320 sqft and on a lot of 11,325 sqft (or 0.26 acres) with 4 bedrooms, 2 baths and is 81 years old. This property was listed on 10/10/2024 and has been priced for sale at $650,000.
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Listing information courtesy of: Keller Williams Realty Professionals