7130 33Rd DrPortland, OR 97211

Property Details for 7130 33Rd Dr

Lot size

2.49 AC

Property size (Sq ft)

1 SF

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5752

Longitude

-122.633

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