1475 20Th AvePortland, OR 97201

For Sale
$530,000

Prime Portland multifamily lot. 16,000 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • Residential development parcel in Goose Hollow, inner Southwest Portland.
  • RM2 zoning ideal for multifamily development.
  • 16,000 square foot lot.
  • Maximum FAR of 1.5:1, potentially up to 3:1 with affordable housing bonuses, or 2.25:1 with other bonuses.
  • Minimum unit density of one unit per 1,450 square feet; no maximum density.

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.517538652455
Longitude
-122.69480409884
1475 20Th Ave, Portland, Oregon

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1475 20Th Ave
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