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RM1 Multifamily Development Lot

11307 NE Glisan Street, Portland, OR 97220

For Sale
$1,495,000

Zoned RM1 Residential multi-dwelling, with grandfathered generic shop/garage use currently in place.

Property SizeContact for details
Days on Market111

Property Features for 11307 NE Glisan Street

General Information

Standard status Active
Property subtype Land
Zoning RM1

Site & Location

Neighborhood Hazelwood
Listing Agency: Windermere Community Realty
Listed By: Rose Ojeda
Source: Century21northhomes
Added: Jul 23 Changed: Nov 10 Last Checked: Jul 27 at 2:49PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Windermere Community Realty

Rey
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Investment Insights

Based on property information with market context.

This offering is a multifamily residential development lot zoned RM1 Residential Multi-dwelling. The RM1 zone supports a range of small residential development types, including duplex, triplex, fourplex, rowhouses, courtyard housing, and small apartment building, subject to the Portland Zoning Jurisdiction requirements. A development profile is available upon request.

The current use is grandfathered in as commercial "Generic shop/Garage Use." The last tenant operated a roofing company, and the property is currently characterized as an automotive/garage-related commercial use.

For buyers evaluating redevelopment, the key practical starting point here is the RM1 multifamily zoning and the property’s grandfathered commercial use status, which may be relevant when planning near-term activity and longer-term residential improvements.

Key Highlights

  • Zoned RM1 Residential Multi‑dwelling, supporting multifamily development types such as duplex, triplex, fourplex, rowhouses, and courtyard housing
  • Current use is grandfathered in as commercial “Generic shop/Garage Use”
  • Last tenant was a roofing company

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Sager Roofing Inc Roofing Company

Suggested Use

Top Pick Electrical Service Bakery Plumbing Service (Bike/Boat/Book/etc) Store Florist Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,596
Businesses Nearby

Demographics for 97220, OR

29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Portland, OR

4.6% 2019
5.6% 2020
5.2% 2021
4.2% 2022
4.4% 2023
4.7% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Zoned RM1 Residential multi-dwelling, with grandfathered generic shop/garage use currently in place.
Where is this residential land & home lot located?
The property is located at 11307 NE Glisan Street Portland, OR.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Zoned RM1 Residential Multi‑dwelling, supporting multifamily development types such as duplex, triplex, fourplex, rowhouses, and courtyard housing; Current use is grandfathered in as commercial “Generic shop/Garage Use”; Last tenant was a roofing company
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