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    3800-3850 NE Mlk Jr Blvd Portland, OR 97212

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    For Sale
    $1,990,000

    Approved site for 83 units in NE Portland.

    Property size:
    19,200 SF
    Lot size:
    19.00 Acres

    Property Features for 3800-3850 NE Mlk Jr Blvd

    General Information

    Size
    19,200 SF
    Lot size
    19.00 Acres

    Source: Nicholas Diamond Agent Nicholas Diamond

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

    Overview

    NE Portland Multifamily Development Site

    This property is a previously approved multifamily development site located in Northeast Portland. The site, situated along NE MLK Jr Blvd, offers high visibility. The total land area encompasses 19,200 square feet across four parcels. The project allows for 83 projected units, including 74 residential units and 9 live/work units. The total gross area for all buildings is 46,139 square feet, with a total rentable area of 35,118 square feet. The unit mix includes 62 studio apartments and 21 one-bedroom apartments, ranging in size from 336 to 702 square feet. Buildings 1 through 3 are planned to each contain 21 units, while Building 4 is designed to have 20 units, including the live-work spaces. The location is near shopping and dining districts along N Williams Avenue and N Mississippi Avenue. Nearby amenities within a half-mile radius include a True Value, Cafe Olli, Life of Pie, Migration Brewing, Lua, Ding Tea, New Seasons Market, Mud Bay, Yes Please, and Maui’s. Multiple bus lines are within short walking distance.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.644
    Latitude
    45.544

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    FAQs

    What type of property is this?
    Commercial land - Approved site for 83 units in NE Portland.
    Where is this commercial land located?
    The property is located at 3800-3850 NE Mlk Jr Blvd Portland, OR.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: - Previously Approved Multifamily Development Site for 83 Units; - High-Visibility Location on NE MLK Jr Blvd; - Includes 9 Live/Work Units
    (503) 222-2655
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    3800-3850 NE Mlk Jr Blvd Portland, OR 97212
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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
    3800-3850 NE Mlk Jr Blvd Portland, OR 97212
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