4037 Williams AvePortland, OR 97227

For Sale
$3,200,000

Permit-ready, 60-unit multifamily land

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity encompasses two adjacent lots totaling 11.8 acres (11,800 sq ft) at 4037 & 4043 N Williams Ave, Portland, OR 97227, in Multnomah County. Zoned CM3, this property offers a unique chance to develop two separate, permit-ready, four-story buildings, each featuring 30 units of multifamily residential space with ground-level retail. The conceptual plans envision a total of 60 residential units. This prime location in North Portland's Boise neighborhood is conveniently situated within walking distance of TriMet bus lines and numerous local restaurants and shops. Importantly, this development is not subject to inclusionary zoning. The combined asking price for both lots is $3,200,000. This presents a compelling opportunity for developers seeking a high-density, mixed-use project in a thriving Portland neighborhood. The property's size and zoning provide significant flexibility for creative development plans. This is a rare chance to acquire a substantial, permit-ready development site in a highly desirable area.

Highlights

  • Sale Price: $3,200,000 for two adjacent lots.
  • 60 total multifamily units (30 units per building, two four-story buildings).
  • Ground-level retail space in each building.
  • CM3 Commercial/Mixed-Use zoning.
  • 11,800 square foot lot size (11.8 acres).

Property Details for 4037 Williams Ave

Property type
Multifamily properties, Other land
Lot Size (sq. ft)
514,008,000 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.55263965536
Longitude
-122.66671622949
4037 Williams Ave, Portland, Oregon

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4037 Williams Ave
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