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- LoopNet Team
4381 NE Prescott St
Portland, OR 97218
Prescott 43 - Permit Ready Development Site · Land For Sale · 0.31 AC
INVESTMENT HIGHLIGHTS
- Approved plans, ready to develop immediately
- Ideal inner NE Portland location for rental units
- Wood frame design - limit construction costs without steel or concrete
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Residential | Total Lot Size | 0.31 AC |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.31 AC |
DESCRIPTION
Developer opportunity to purchase a fully entitled shovel-ready multi-family development site located in NE Portland. Permitted plans include 2 three-story wood frame apartment buildings with a total of 31 units. All of the units have exterior walk-up entries. A total of four units to be affordable at 80% MFI to receive parking exemption and FAR bonus. Willing to be sold as a portfolio with another permit-ready site at 55 NE Flanders St, Portland, OR 97213 that is approved for a 5-unit wood framed apartment building consisting of all 1-bedroom units.
PROPERTY TAXES
| Parcel Number | R707258 | Improvements Assessment | $0 |
| Land Assessment | $209,769 | Total Assessment | $209,769 |
PROPERTY TAXES
ZONING
| Zoning Code | RM1 |
| RM1 |
