7130 33Rd DrPortland, OR 97211

For Sale
$2,500,000

Portland multifamily land, R-10 & IC zoning.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 2.49-acre development site in Portland, Oregon, presents a remarkable opportunity for investors seeking to capitalize on the city's thriving multifamily market. Located at 7130 NE 33rd Dr, in Multnomah County, zip code 97211, this property boasts a prime location with convenient access to employment centers. The site currently features five parcels with four existing single-family residences, providing immediate potential for rental income while development plans are underway. The property is zoned R-10 and IC, allowing for the construction of up to a forty-unit rental community, significantly increasing the property's value and potential return on investment. This is a Qualified Opportunity Zone property, offering additional tax advantages. The asking price for this exceptional development opportunity is $2,500,000. The total square footage is not specified, but the significant lot size and zoning potential make this a highly attractive investment. This location offers a compelling combination of established infrastructure and future growth potential, making it an ideal site for a high-density residential development. Don't miss this chance to acquire a prime piece of Portland real estate with significant upside potential.

Highlights

  • R-10 and IC zoning allows for multifamily development.
  • Excellent location for a build-to-rent project.
  • Located in a Qualified Opportunity Zone (QOZ).
  • Proximity to major employment centers.

Property Details for 7130 33Rd Dr

Property type
Multifamily properties, Other land
Square Feet
1 SF
Lot Size (sq. ft)
108,464 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5752074
Longitude
-122.6328461
7130 33Rd Dr, Portland, Oregon

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7130 33Rd Dr
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