NE Portland Multifamily Development
For Sale
$1,990,000
3800-3850 NE MLK Jr Blvd, Portland, OR 97212
Approved site for 83 units in NE Portland.
Property Size19,200 SF
Price / SF$103.65
Days on Market268
Property Features for 3800-3850 NE MLK Jr Blvd
General Information
Standard status
Active
Size
19,200 SF
Property subtype
Land
Listing Agency:
Capacity Commercial Group
(503) 222-2655
Listed By:
Nicholas Diamond · License #OR #200403266
Source:
Corfac
Added: Nov 25, 2025
Changed: Aug 18
Last Checked: Aug 20 at 5:28AM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This property is a previously approved multifamily development site located in Northeast Portland. The site, situated along NE MLK Jr Blvd, offers high visibility. The total land area encompasses 19,200 square feet across four parcels. The project allows for 83 projected units, including 74 residential units and 9 live/work units. The total gross area for all buildings is 46,139 square feet, with a total rentable area of 35,118 square feet. The unit mix includes 62 studio apartments and 21 one-bedroom apartments, ranging in size from 336 to 702 square feet. Buildings 1 through 3 are planned to each contain 21 units, while Building 4 is designed to have 20 units, including the live-work spaces. The location is near shopping and dining districts along N Williams Avenue and N Mississippi Avenue. Nearby amenities within a half-mile radius include a True Value, Cafe Olli, Life of Pie, Migration Brewing, Lua, Ding Tea, New Seasons Market, Mud Bay, Yes Please, and Maui’s. Multiple bus lines are within short walking distance.
Key Highlights
- Previously Approved Multifamily Development Site for 83 Units
- High‑Visibility Location on NE MLK Jr Blvd
- Includes 9 Live/Work Units
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,252
Businesses Nearby
Explore this area
Business Placement
Demographics for 97212, OR
26,568
Population
12,064
Households
2.2
Avg Household Size
40
Median Age
70%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
9,840
Density / Sq Mi
$128,098
Median Household Income
$65,836
Median Earnings
$1,790
Median Rent
$824,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Approved site for 83 units in NE Portland.
Where is this commercial land located?
The property is located at 3800-3850 NE MLK Jr Blvd Portland, OR.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Previously Approved Multifamily Development Site for 83 Units; High‑Visibility Location on NE MLK Jr Blvd; Includes 9 Live/Work Units
