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    162nd Powell Blvd Portland, OR 97236

    For Sale
    $1,295,000

    Development site with existing rental income in desirable Portland location.

    Lot size:
    1.42 Acres

    Property Features for 162nd Powell Blvd

    General Information

    Standard status
    Active
    Lot size
    1.42 Acres

    Source: VITALITY HOME REALTY Agent PARVANEH KALANTARI

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

    Overview

    Residential Development Opportunity in Portland

    This property, located in Portland, Oregon, consists of two tax lots zoned RM1 (Residential Multi-Dwelling). The zoning allows for a 1:1 FAR, or 1:1.5 FAR with bonus provisions, potentially allowing for up to 61,855 to 92,782 square feet of residential building area. Currently, the site includes a 2,055 square foot single-family home built in 1927, featuring four bedrooms and two bathrooms, along with a detached garage. The home is currently rented for $1,995. Given Portland's plans to potentially eliminate SDC fees for multifamily projects, this property presents an ideal development opportunity in a location with strong renter demographics.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage 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
    -122.6478968
    Latitude
    45.5002037

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    FAQs

    What type of property is this?
    Residential land & home lot - Development site with existing rental income in desirable Portland location.
    Where is this residential land & home lot located?
    The property is located at 162nd Powell Blvd Portland, OR.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - RM1 zoning offers significant multi-dwelling residential development potential (61,855 - 92,782 SF).; - Potential elimination of SDC fees for multifamily projects in Portland enhances development profitability.; - Located in an area with solid renter demographics, ensuring strong demand for future development.
    (503) 260-1003
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    Portland, OR 97236
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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
    162nd Powell Blvd Portland, OR 97236
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