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    1269 SE Tenino St Portland, OR 97202

    For Sale
    $3,000,000

    Two 19-unit permit-ready buildings in South Portland's Sellwood-Moreland neighborhood.

    Property size:
    10,000 SF
    Lot size:
    10.00 Acres

    Property Features for 1269 SE Tenino St

    General Information

    Size
    10,000 SF
    Lot size
    10.00 Acres

    Source: Nicholas Diamond Agent Nicholas Diamond

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

    Overview

    Permit Ready Development Opportunity

    This is a development opportunity featuring two permit-ready buildings, each containing 19 units, for a total of 38 units. The property is located on a corner lot at the intersection of SE Tenino Street and SE 13th Avenue, within the Sellwood-Moreland neighborhood of South Portland. The gross land area encompasses 10,000 square feet. The zoning is CM2 Commercial/Mixed Use. The location is blocks away from TriMet bus lines.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6522
    Latitude
    45.463834

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    FAQs

    What type of property is this?
    Land - Two 19-unit permit-ready buildings in South Portland's Sellwood-Moreland neighborhood.
    Where is this land located?
    The property is located at 1269 SE Tenino St Portland, OR.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Permit-ready for two 19-unit buildings (38 units total).; - CM2 Commercial/Mixed Use Zoning.; - Corner lot location at SE Tenino and SE 13th Ave.
    (503) 222-2655
    Request Owner's contact information
    1269 SE Tenino St Portland, OR 97202
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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
    1269 SE Tenino St Portland, OR 97202
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