Permit Ready Development
306 SE 8th Ave Portland, OR 97214
306 SE 8th Ave, Portland, OR, 97214
$5,000,000
For Sale
$5,000,000
144-unit mixed-use development site in SE Portland's Buckman neighborhood.
Property Size19,088 SF
Lot Size0.44 Acres
Price / SF$261.94
Days on Market176
Property Features for 306 SE 8th Ave
General Information
- Standard status
- Active
- Size
- 19,088 SF
- Lot size
- 0.44 Acres
- Property subtype
- Land
Listing agency
Capacity Commercial Group
(503) 222-2655
Listed by
Nicholas Diamond · License #OR #200403266
Source
Corfac
Added: Jan 26 Updated: Jul 6 at 9:22AM Checked: Jul 21 at 6:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capacity Commercial Group
Investment Insights
Based on property information with market context.
This is a permit-ready development site located in the Buckman neighborhood of SE Portland. The property is a fully entitled development opportunity for 144 units, with a mix of studio, one-bedroom, and two-bedroom units. The conceptual mixed-use building is planned to be seven stories and include 3,255 square feet of commercial space. The building gross area is 109,586 square feet, plus 5,659 square feet of amenity space. The gross land area is 19,088 square feet. The property includes vested pre-inclusionary zoning and is located within an Opportunity Zone. Select apartment units will include walk-in closets and balconies with views of the Willamette River, Mt. Hood, and Downtown Portland. The building includes a resident lounge and fitness room with an outdoor amenity deck. There are 26 garage stacking spaces for parking. The property is near notable Portland developments including Soho House, Grand Stark Hotel, District Office and Modera Belmont. It is within walking distance to the TriMet Bus Lines and within the Portland Streetcar Loops A & B. The property is located on the corner of SE 8th Ave and SE Pine Street.
Key Highlights
- Permit‑ready development site in SE Portland's Buckman neighborhood.
- 144‑unit mixed‑use development opportunity with studio, 1 & 2 bedroom units.
- Includes vested pre‑inclusionary zoning and located within an Opportunity Zone.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $458.1k | $24.00 |
| − Vacancy | −$45.8k | −$2.40 |
| EGI | $412.3k | $21.60 |
| − OpEx | −$154.6k | −$8.10 |
| NOI | $257.7k | $13.50 |
19,088 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$3.68M
$3.22M – $4.29M
NOI $257,688 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.36M
$4.69M – $6.25M
NOI $375,227 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 144-unit mixed-use development site in SE Portland's Buckman neighborhood.
Where is this commercial land located?
The property is located at 306 SE 8th Ave Portland, OR.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Permit‑ready development site in SE Portland's Buckman neighborhood.; 144‑unit mixed‑use development opportunity with studio, 1 & 2 bedroom units.; Includes vested pre‑inclusionary zoning and located within an Opportunity Zone.
