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    4041-4045 NE Mlk Jr Blvd Portland, OR

    For Sale
    $2,500,000

    Exceptional opportunity for high-density residential development in Portland.

    Lot size:
    0.48 Acres

    Property Features for 4041-4045 NE Mlk Jr Blvd

    General Information

    Lot size
    0.48 Acres

    Source: Colliers | Portland Agent Autumn Brice

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

    Overview

    Prime Development Land on MLK

    Located on NE Martin Luther King (MLK) Boulevard in Portland, the property at 4045 NE MLK presents an exceptional opportunity for high-density residential development. The location provides excellent access to local amenities and transportation. The large, well-proportioned lot offers ample space for construction and features access from both NE Garfield and MLK. The property's potential is enhanced by the growing demand for affordable housing development in a section of Portland that has seen significant rental growth. The area's vibrant community and diverse economy make it desirable for businesses and residents, making it an excellent choice for developers looking to build an asset that will provide public good and stable housing.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.5134351
    Latitude
    45.4433066

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    FAQs

    What type of property is this?
    Land - Exceptional opportunity for high-density residential development in Portland.
    Where is this land located?
    The property is located at 4041-4045 NE Mlk Jr Blvd Portland, OR.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - High-density residential development potential.; - Prime location on MLK Boulevard with excellent access to amenities and transportation.; - Large, well-proportioned lot with access from both NE Garfield and MLK.
    (503) 841-9922
    Request Owner's contact information
    4041-4045 NE Mlk Jr Blvd Portland, OR
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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
    4041-4045 NE Mlk Jr Blvd Portland, OR
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