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Four Contiguous Lots Zoned R5
For Sale
$400,000

3226 NE CADET, Portland, OR 97220

Four west-facing lots with potential for eight townhomes.

Property SizeContact for details
Days on Market133

Property Features for 3226 NE CADET

General Information

Standard status Active
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $9,066

Amenities

Trees
Wooded
Listing Agency: PREMIERE PROPERTY GROUP, LLC
Listed By: DIANA HARRELL
Source: Corcoran
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 15 at 8:36PM

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 PREMIERE PROPERTY GROUP, LLC

Investment Insights

Based on property information with market context.

Four contiguous tax lots, all zoned R5, are available. A builder has completed preliminary work, including geotechnical and storm water studies, along with a preliminary design concept. Each lot allows for two townhomes, offering the potential to construct eight units across all four lots. The property offers sunset views, particularly suitable for townhomes with rooftop patios. The buyer is responsible for obtaining final building approval and permits from the city. The preliminary work completed may reduce overall project costs. This property presents an opportunity for builders or investors.

Key Highlights

  • Four contiguous R5 zoned lots with potential for eight townhomes.
  • Preliminary geotechnical and storm water studies completed.
  • Preliminary design concept available.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Nail Salon Building Supply Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

374
Businesses Nearby

Demographics for 97220, OR

29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Four west-facing lots with potential for eight townhomes.
Where is this residential land & home lot located?
The property is located at 3226 NE CADET Portland, OR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Four contiguous R5 zoned lots with potential for eight townhomes.; Preliminary geotechnical and storm water studies completed.; Preliminary design concept available.
More about this property
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