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5515 NE Flanders St - Flanders 5-Unit 0.05 Acres of Residential Land Offered at $350,000 in Portland, OR 97213
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $350,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.05 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | RM1 | ||
| Price | $350,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.05 AC |
| No. Stories | 1 |
| Zoning | RM1 |
1 LOT AVAILABLE
Lot
| Price | $350,000 | Lot Size | 0.05 AC |
| Price Per AC | $6,980,733.18 |
| Price | $350,000 |
| Price Per AC | $6,980,733.18 |
| Lot Size | 0.05 AC |
Flat Lot. Permit Ready Site.
DESCRIPTION
Developer opportunity to purchase a fully entitled, shovel/permit-ready 5-unit multifamily development site on NE Flanders & NE 55th, just one block south of Glisan and walking distance from Providence Portland Hospital. The site is approved for a 5-unit three-story wood frame apartment building. Unit mix includes all 1-bedroom units. Property is zoned RM1. Contact Broker for additional information. Willing to be sold as a portfolio with another permit-ready site at 4381 NE Prescott St, Portland, OR 97218 that is approved for a 31-unit wood framed apartment building.
PROPERTY TAXES
| Parcel Number | R319361 | Improvements Assessment | $0 |
| Land Assessment | $6,770 | Total Assessment | $6,770 |
PROPERTY TAXES
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5515 NE Flanders St - Flanders 5-Unit
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