1475 20Th AvePortland, OR 97201

This exceptional 16,000 square foot development parcel is located in Portland's desirable Goose Hollow neighborhood at 1475 SW 20th Ave, Multnomah County, Oregon, 97201. Zoned RM2, this property presents a unique opportunity for multifamily residential development. The asking price is $530,000, translating to $33 per square foot. The site boasts a maximum floor area ratio (FAR) of 1.5:1, with significant potential to increase this to 3:1 through the utilization of affordable housing bonuses, or to 2.25:1 through other available bonuses. A minimum unit density of one unit per 1,450 square feet is mandated, however, there is no maximum unit density restriction. The property's convenient location places it within a half-mile radius of Providence Park and the Multnomah Athletic Club, offering future residents easy access to recreational facilities and vibrant city life. The property's APN is R128649. This is an ideal site for developers seeking to capitalize on Portland's thriving multifamily market. The base building height is 45 feet.