Permit Ready Development
306 SE 8th Ave, Portland, OR 97214
144-unit mixed-use development site in SE Portland's Buckman neighborhood.
Type:Land
Property size:
19,088 SFLot size:
0.44 AcresPrice / SF:
$261/SF- Added:
- Jan 26, 2026
- Days on Market:
- 109
- Last Refresh:
- Apr 5 at 8:31 pm
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 agent Nicholas Diamond License #OR #200403266 (503) 222-2655
Listing office REAL ESTATE INVESTMENT GROUP (503) 222-2655
Listing date Jan 26, 2026
Source Corfac
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 REAL ESTATE INVESTMENT GROUP
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.
- Conceptual 7‑story building with 3,255 SF of commercial space.
- Resident lounge, fitness room, and outdoor amenity deck included.
- Close proximity to TriMet bus lines and Portland Streetcar.
Overview
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.
Financial Insights
Value Estimation Calculated for Mixed Use
Conservative
$2.86M
NOI $257,688 @ 9.00% cap · cautious / downside scenario
Moderate
$3.68M
NOI $257,688 @ 7.00% cap · market / base-case scenario
Aggressive
$5.15M
NOI $257,688 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Mixed Use
| 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 Use Scenarios
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.657
- Latitude
- 45.5205
Nearby Similar for Sale
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.
