15665 Willamette StSherwood, OR 97140

Property Details for 15665 Willamette St

Lot size

1.14 AC

Property size (Sq ft)

19,600 SF

Property type

Retail properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 24-unit multifamily development site in desirable downtown Sherwood, Oregon. The 1.14-acre lot (49,658 square feet) is zoned HDR (High Density Residential) and includes approved plans for 24 residential units across four buildings, totaling 19,600 square feet of net rentable area. The unit mix comprises eight one-bedroom, one-bathroom units and sixteen two-bedroom, one-and-a-half-bathroom units, featuring luxury finishes and including two-story "townhouse" style units. The property also boasts 29 on-site surface parking spaces and includes two additional detached home lots, enhancing the overall investment potential. Located at 15665 SW Willamette St, Sherwood, OR 97140, this property offers a compelling combination of location, approved plans, and significant development potential. The asking price for this turnkey development opportunity is $1,100,000. This is a rare chance to acquire a fully permitted multifamily project in a thriving Oregon community. Don't miss this chance to capitalize on the strong demand for rental housing in this area.

Location Insight

City

Sherwood

County

Washington

State

Oregon

Latitude

45.3563

Longitude

-122.839

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