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    FOR SALE
    Commercial land

    4410 SE Belmont St, Portland, OR 97215

    937 SF 0.12 ac lot Built 1905
    Entity Owned Free & Clear
    Property ID
    US71-0301711
    Property summary
    AI-generated overview

    This exceptional development opportunity presents a prime 5,336 square foot corner lot (APN R169534) located at 4410 SE Belmont St, Portland, Oregon 97215, in the desirable Sunnyside neighborhood. Zoned CM2, this property allows for a mixed-use development, currently permitted for a 19-unit multifamily building with ground-floor retail space. The four-story design incorporates a private resident courtyard. Importantly, this project is not subject to inclusionary zoning. The site's convenient location offers easy access to TriMet bus lines and a variety of nearby restaurants and shops. The asking price for this permit-ready development is $1,500,000. This represents a unique chance to capitalize on the strong demand for multifamily housing and retail space in this vibrant Portland neighborhood. The property's size and zoning provide significant flexibility for a developer seeking to create a high-quality, mixed-use project. This is a truly exceptional opportunity to acquire a fully permitted development site in a prime location. Don't miss out on this chance to build a thriving community asset.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1905
    Total area 937 SF
    Lot 0.12 ac (5,366 SF)
    Zoning code R1
    APN 1S2E06BB 11200
    UPID US71-0301711
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Town Developments INC
    Town Developments INC
    since 2026
    5 recorded transactions
    2026
    $480,000
    2022
    2021
    $733,500
    2014
    2009
    $18,500
    Zoning & alternative use
    R1 · Portland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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