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Portland
$1,475,000
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- Lot size
- 1.89 acres
- Property type
- Land
- Days on market
- 97
Overview
Prime 1.89-Acre Development Site in Portland – Zoned Corridor Multi-Family (CMF)Located at 1104 NE 181st Ave in Portland, Oregon, this spacious 1.89-acre parcel offers an exceptional development opportunity in a rapidly growing area. Zoned Corridor Multi-Family (CMF), this lot is ideally suited for multi-family residential projects, offering the potential for high-density housing in a highly accessible location.The property enjoys excellent connectivity with major roads, including Interstate 84 and NE Halsey St, providing easy access to downtown Portland and the surrounding metro area. With a strong mix of residential and commercial properties in the area, this location offers both convenience and the potential for strong demand in multi-family housing development.The generous size of the lot allows for flexible planning, with ample space to design and develop a variety of multi-family units, while still benefiting from Portland's growing need for housing. Local amenities, including parks, schools, shopping centers, and public transit, are just minutes away, enhancing the attractiveness for future residents.
Details
Interior
- Cooling
- No
- Heating
- No
Exterior and lot
- Lot size
- 1.89 acres
- Lot features
- Trees
- View
- No
Schools
- High school
- Grant
- Middle school
- H.B. Lee
- Elementary school
- Hartley
Location
- City
- Portland
- County
- Multnomah
- Zoning
- CMF
Taxes and dues
- Annual taxes
- $9,204 (2024)
Monthly payment estimate
$8,618 /mo
- Principal and interest
- $7,851
- Property tax (2024)
- $767
- Total
- $8,618
Estimate only, and not an offer of credit. Assumes 20% down ($295,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.
