High-Density Multifamily Development
For Sale
Contact for pricing
3321-3325 SW US Veterans Hospital Road, Portland, OR 97239
Two development sites have been up-zoned to the RM3 multifamily category, supporting 5-over-2 construction.
Property SizeContact for details
Days on Market120
Property Features for 3321-3325 SW US Veterans Hospital Road
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
RM3
Listing Agency:
HFO Investment Real Estate
(503) 241-5541
Listed By:
Rob Marton · License #OR 200303172
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Apr 12 at 4:07AM
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 HFO Investment Real Estate
Investment Insights
Based on property information with market context.
The offering includes two development sites intended for high-density multifamily housing, with both parcels recently up-zoned to the RM3 Multifamily Zone. The zoning changes allow for “5-over-2” construction on both sites, providing a clear path for multifamily redevelopment.
Both properties are located adjacent to OHSU, within the broader Marquam Hill area where most land is described as zoned for low-density uses. The public remarks also note that the area’s existing housing inventory is dated and poorly maintained.
This is a focused development opportunity with both parcels aligned to support the same type of multifamily buildout under the RM3 zoning framework.
Both properties are located adjacent to OHSU, within the broader Marquam Hill area where most land is described as zoned for low-density uses. The public remarks also note that the area’s existing housing inventory is dated and poorly maintained.
This is a focused development opportunity with both parcels aligned to support the same type of multifamily buildout under the RM3 zoning framework.
Key Highlights
- Two development sites up‑zoned to the RM3 multifamily zone
- RM3 zoning supports 5‑over‑2 multifamily construction on both sites
- Sites are located next to OHSU
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,448
Businesses Nearby
Explore this area
Business Placement
Demographics for 97239, OR
18,323
Population
9,963
Households
1.8
Avg Household Size
39
Median Age
74%
College-Educated
99%
High-School Grad
3.6 sq mi
ZIP Area
5,090
Density / Sq Mi
$108,795
Median Household Income
$67,384
Median Earnings
$1,749
Median Rent
$713,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two development sites have been up-zoned to the RM3 multifamily category, supporting 5-over-2 construction.
Where is this residential land & home lot located?
The property is located at 3321-3325 SW US Veterans Hospital Road Portland, OR.
What are key features of this property?
This property features: Two development sites up‑zoned to the RM3 multifamily zone; RM3 zoning supports 5‑over‑2 multifamily construction on both sites; Sites are located next to OHSU
