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    6183 N Lombard St Portland, OR 97203

    For Sale
    $975,000

    Permit-ready multifamily development site with retail space in Portland.

    Property size:
    9,799 SF
    Lot size:
    9.00 Acres

    Property Features for 6183 N Lombard St

    General Information

    Size
    9,799 SF
    Lot size
    9.00 Acres

    Building Details

    Year built
    1944

    Source: Nicholas Diamond Agent Nicholas Diamond

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

    Overview

    Permit Ready Multifamily Development Site

    This is a permit-ready multifamily development site located in the St. Johns neighborhood of North Portland. The plans include multifamily and retail space. The site is qualified as a LIHTC Qualified Census Tract (QCT). The property is a 4-story, 46-unit development with studio, one-bedroom, two-bedroom, and one-bedroom work/live units. The multifamily space measures 25,603 square feet, and the retail space measures 800 square feet. The gross land area is 9,799 square feet (0.225 acres). The zoning is CM2 Commercial/Mixed Use. The apartments will feature secure parking, bike storage, and a common area patio space. The site has good visibility on N Lombard St and access to public transit. It is located directly across from New Seasons and less than one mile from the University of Portland and Downtown St. Johns. An adjacent corner property at 6117 N Lombard is also available for purchase and is listed separately. A permit set of plans is available at a discount.
    Insight Report 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 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
    -122.7301787
    Latitude
    45.5849892

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    FAQs

    What type of property is this?
    Commercial land - Permit-ready multifamily development site with retail space in Portland.
    Where is this commercial land located?
    The property is located at 6183 N Lombard St Portland, OR.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Permit-ready 46-unit multifamily development site.; - Located in a LIHTC Qualified Census Tract (QCT).; - Includes multifamily (25,603 SF) and retail space (800 SF).
    (503) 222-2655
    Request Owner's contact information
    6183 N Lombard St Portland, OR 97203
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    Portland, OR 97203
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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
    6183 N Lombard St Portland, OR 97203
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