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Executive Summary

Rare piece of land in the heart of the city is 5,000 sf and sits in the RM2 zone as well as the new Better Housing by Design area, this parcel is ready for construction of a new multi-family dwelling with higher density options than previously allowed by the city! Maximize the space in this high rent, high demand location and make this an amazing income creating investment opportunity!

Property Facts

Price $379,900
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.11 AC
Zoning RM2 - Residential

1 Lot Available

Lot

Price $379,900
Price Per AC $3,453,636.36
Lot Size 0.11 AC

OBERST, BLOCK 4, LOT 9

Description

Rare piece of land in the heart of the city is 5,000sf and sits in the RM2 zone as well as the new Better Housing by Design area, this parcel is ready for construction of a new multi-family dwelling with higher density options than previously allowed by the city! Maximize the space in this high rent, high demand location and make this an amazing income creating investment opportunity!

Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
60/100
Very bikeable
80/100
  • Listing ID: 23033220

  • Date on Market: 5/12/2021

  • Last Updated:

  • Address: 1727 SE Cesar E Chavez Blvd, Portland, OR 97214

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