Montavilla Land Multifamily Development
For Sale
Contact for pricing
31 SE 83rd Ave, Portland, OR 97216
Planned 30-unit development site in Portland's Montavilla neighborhood.
Property SizeContact for details
Days on Market152
Property Features for 31 SE 83rd Ave
General Information
Standard status
Active
Property subtype
Land
Zoning
CM2
Listing Agency:
Marcus & Millichap - Portland
Listed By:
Georgie Christensen-Riley · License #201253912
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Jul 16 at 11:30AM
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 Marcus & Millichap - Portland
Investment Insights
Based on property information with market context.
Located at 31 & 33 SE 83rd Avenue, this land offering presents an opportunity to acquire a planned multifamily development site in Portland’s Montavilla neighborhood. The property has been designed for a 30-unit apartment development, consisting of one- and two-bedroom units. Substantial predevelopment work has been completed, including architectural plans, survey, and mechanical engineering. The property's location, just off E Burnside Street, provides residents convenient access to neighborhood retail, restaurants, grocery stores, and public transit. The site is located near the heart of the Montavilla neighborhood’s commercial district, while also providing connectivity to downtown Portland, Portland International Airport, and major employment centers. The property includes assumable financing, consisting of an approximately $520,000 note that may be assumed for up to three years at 5% interest-only. The property may qualify for Portland’s temporary System Development Charge (SDC) exemption program, currently scheduled to run from August 15, 2025 through September 30, 2028, which exempts most new housing units from SDC fees.
Key Highlights
- Planned multifamily development site in Portland's desirable Montavilla neighborhood.
- Approved for a 30‑unit apartment development with efficient one- and two‑bedroom units.
- Substantial predevelopment work completed to reduce entitlement timelines and soft costs.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 97216, OR
17,488
Population
7,235
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
6,995
Density / Sq Mi
$71,951
Median Household Income
$42,537
Median Earnings
$1,390
Median Rent
$439,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Planned 30-unit development site in Portland's Montavilla neighborhood.
Where is this residential land & home lot located?
The property is located at 31 SE 83rd Ave Portland, OR.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Planned multifamily development site in Portland's desirable Montavilla neighborhood.; Approved for a 30‑unit apartment development with efficient one- and two‑bedroom units.; Substantial predevelopment work completed to reduce entitlement timelines and soft costs.
