Transit-Oriented Multi-Family Development
For Sale
Contact for pricing
Pending
23 NE 151st Ave, Portland, OR 97230
Flat, utilities on access road; RM2 zoning with 100' height limit and corridor FAR up to 2.25:1.
Property SizeContact for details
Lot Size1.00 Acre
Days on Market132
Property Features for 23 NE 151st Ave
General Information
Standard status
Pending
Lot size
1.00 Acre
Property subtype
Land
Zoning
RM2
Site & Location
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
All Professionals Real Estate
(503) 259-2100
Listed By:
Jeffrey Clair · License #OR201215015
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 5:34PM
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 All Professionals Real Estate
Investment Insights
Based on property information with market context.
This flat parcel offers multi-family development potential in a transit-oriented setting. The lot measures approximately 310' x 141' and has some large evergreen trees. Utilities are on the access road. The property is described as having RM2 zoning, with a 100' height limit in the specific corridor. The base FAR is 1.5:1, with available increases to 2.25:1 with an inclusionary housing bonus or up to 3:1 with deeper housing affordability.
The site is about one block from the 148th E Burnside MAX station and is described as having no on-site parking requirement. Offsite permit concept is approved, with an 8' dedication required along 151st and no Couch St extension. The parcel is just off a major road.
The seller is willing to carry a contract or pursue a joint venture with a qualified developer. The surrounding area is described as a growing neighborhood, with over 300 units recently completed, under construction, or in the works, and the property is noted as being near a park and a golf course.
The site is about one block from the 148th E Burnside MAX station and is described as having no on-site parking requirement. Offsite permit concept is approved, with an 8' dedication required along 151st and no Couch St extension. The parcel is just off a major road.
The seller is willing to carry a contract or pursue a joint venture with a qualified developer. The surrounding area is described as a growing neighborhood, with over 300 units recently completed, under construction, or in the works, and the property is noted as being near a park and a golf course.
Key Highlights
- ~1‑acre lot (310' x 141') close to MAX transit, about 1 block from the 148th E Burnside MAX station
- RM2 zoning (medium‑scale multi‑dwelling) with a 100' height limit in the corridor
- FAR base 1.5:1; can increase to 2.25:1 with inclusionary housing bonus, or 3.0:1 with deeper housing affordability
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 97230, OR
41,562
Population
17,190
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
13.9 sq mi
ZIP Area
2,990
Density / Sq Mi
$70,582
Median Household Income
$41,102
Median Earnings
$1,511
Median Rent
$435,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Flat, utilities on access road; RM2 zoning with 100' height limit and corridor FAR up to 2.25:1.
Where is this residential land & home lot located?
The property is located at 23 NE 151st Ave Portland, OR.
What are key features of this property?
This property features: ~1‑acre lot (310' x 141') close to MAX transit, about 1 block from the 148th E Burnside MAX station; RM2 zoning (medium‑scale multi‑dwelling) with a 100' height limit in the corridor; FAR base 1.5:1; can increase to 2.25:1 with inclusionary housing bonus, or 3.0:1 with deeper housing affordability
