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SE Steele St - SE Steele Street Multifamily Development Land 2.04 Acres of Residential Land Offered at $799,000 in Portland, OR 97236
Executive Summary
“Powellhurst-Gilbert is located in Southeast Portland and is one of the city’s
largest neighborhoods by both area and population. Today, Powellhurst-
Gilbert is characterized by a blend of older homes, newer developments,
and large sections of green space, reflecting both its agricultural past and ongoing growth.
• Continued population growth expected, driven by affordability compared to central Portland neighborhoods
• Ongoing investment in infrastructure and public transit, improving access for residents and businesses
• Increasing interest from small businesses and retail due to rising residential density
• Potential for growth in health care, social services, and multicultural retail, reflecting the area’s diverse population
COMPLETED SITE WORK
Approved plans for 91 units + 44 parking spaces
• Sewer laterals in-place
• 2” water service tied to townhomes
• Power feeders run to transformers
• Previous retention pond approval (buyer to verify)
• DEQ NSA completed
• Construction monitoring report completed by Carlsen Engineers
• Geotech engineering work completed (report available)
• Phase I and ALTA survey available
largest neighborhoods by both area and population. Today, Powellhurst-
Gilbert is characterized by a blend of older homes, newer developments,
and large sections of green space, reflecting both its agricultural past and ongoing growth.
• Continued population growth expected, driven by affordability compared to central Portland neighborhoods
• Ongoing investment in infrastructure and public transit, improving access for residents and businesses
• Increasing interest from small businesses and retail due to rising residential density
• Potential for growth in health care, social services, and multicultural retail, reflecting the area’s diverse population
COMPLETED SITE WORK
Approved plans for 91 units + 44 parking spaces
• Sewer laterals in-place
• 2” water service tied to townhomes
• Power feeders run to transformers
• Previous retention pond approval (buyer to verify)
• DEQ NSA completed
• Construction monitoring report completed by Carlsen Engineers
• Geotech engineering work completed (report available)
• Phase I and ALTA survey available
Property Facts
1 Lot Available
Lot
| Price | $799,000 | Lot Size | 2.04 AC |
| Price Per AC | $391,666.67 |
| Price | $799,000 |
| Price Per AC | $391,666.67 |
| Lot Size | 2.04 AC |
The subject property offers investors/developers an opportunity to acquire well located development parcels with flat topography, utilities at the street and potential to build approximately 90 units with a mix of multifamily.
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $334,090 | Total Assessment | $334,090 |
Property Taxes
Parcel Numbers
Land Assessment
$334,090
Improvements Assessment
$0
Total Assessment
$334,090
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SE Steele St - SE Steele Street Multifamily Development Land
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