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    10412 SE Division St Portland, OR 97266

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    For Sale
    $750,000

    Two tax lots totaling 0.72 acres, ideal for residential development.

    Lot size:
    0.72 Acres

    Property Features for 10412 SE Division St

    General Information

    Lot size
    0.72 Acres

    Source: Keller Williams Realty Portland Elite Agent Frederick Seid

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Land Ready for Development

    This unique portfolio features two separate tax lots, 10412 and 10422 SE Division St, totaling 0.72 acres of land. Located just a third of a mile from the I-205 interchange, the 33,000 square feet of raw land is zoned RM1, making it ideally suited for residential development. The RM1 zoning allows for multifamily development, supporting housing options such as duplexes, triplexes, rowhouses, and small apartment complexes. The highest and best use is building. An old house with no value on 10422 has been demolished at the seller's expense to expedite development plans for a potential buyer. Preliminary plan documents for townhouse development are available upon request from interested buyers. This property presents a rare opportunity for development in a highly desirable location with convenient access to major transportation routes and local amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.5563366
    Latitude
    45.5038762

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    FAQs

    What type of property is this?
    Land - Two tax lots totaling 0.72 acres, ideal for residential development.
    Where is this land located?
    The property is located at 10412 SE Division St Portland, OR.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Prime .72 acre land parcel suitable for residential development.; - RM1 zoning allows for multifamily housing options (duplexes, triplexes, rowhouses, apartments).; - Excellent location: third of a mile from I-205 interchange.
    (503) 866-6682
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    Portland, OR 97266
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10412 SE Division St Portland, OR 97266
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