11341-11411 Division StPortland, OR 97266

For Sale
$1,800,000

Four-story apartment building, 1.1 acres

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional multifamily investment opportunity presents a four-story apartment building situated on a substantial 1.1-acre lot in Portland, Oregon. Located at 11341-11411 SE Division Street, this property boasts a compelling asking price of $1,800,000. The building is zoned RM2, a medium-scale multi-dwelling zone ideal for a variety of development options. This zoning designation allows for the construction of 3-4 story buildings, seamlessly blending urban density with residential character. The RM2 zoning encourages a diverse range of multi-dwelling structures, including fourplexes and rowhouses, presenting significant potential for future development or expansion. The property's size and zoning provide considerable flexibility for investors seeking to capitalize on Portland's thriving real estate market. The property consists of two tax lots, further enhancing its development potential. While the exact square footage is not currently specified, the building's four-story structure and substantial lot size indicate a significant footprint. This property is an excellent opportunity for investors seeking a well-located, multifamily asset in a desirable Portland neighborhood with a promising zoning designation. The property's address is 11341-11411 SE Division Street, Portland, OR 97266, located in Multnomah County.

Highlights

  • Exceptional multifamily investment opportunity in Portland, OR.
  • Four-story apartment building on a 1.1-acre lot, listed at $1,800,000.
  • Located at 11341-11411 SE Division Street, Portland, OR 97266 (Multnomah County).
  • RM2 zoning allows for 3-4 story buildings, offering development potential.
  • Property consists of two tax lots, enhancing development flexibility.

Property Details for 11341-11411 Division St

Property type
Multifamily properties, Apartment buildings
Square Feet
1 SF
Stories
4
Lot Size (sq. ft)
47,916 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5050766
Longitude
-122.5459399
11341-11411 Division St, Portland, Oregon

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11341-11411 Division St
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