10412 Division StPortland, OR 97266

This exceptional 0.72-acre property, located at 10412 SE Division St, Portland, OR 97266, presents a unique redevelopment opportunity. Comprising two separate 0.36-acre tax lots (10412 and 10422 SE Division St), this land offers 33,000 square feet of raw space zoned RM1, ideal for multifamily development. The RM1 zoning permits a variety of housing options, including duplexes, triplexes, rowhouses, and small apartment complexes. Situated a mere third of a mile from the I-205 interchange, this location provides convenient access to major transportation routes and local amenities. The existing house on 10422 SE Division St has been demolished at the seller's expense to streamline the development process for potential buyers. Preliminary plans for a townhouse development are available upon request. The asking price is $820,000, translating to $26.15 per square foot. This is a rare chance to acquire a highly desirable development site in a thriving Portland neighborhood. Potential buyers are encouraged to conduct their own due diligence and contact the City of Portland for further information. Offers should be submitted using OREF forms and addressed to Y & S DIVISION ST LLC.