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    1269 Tenino St Portland, OR 97202

    For Sale
    $3,000,000

    Permit-ready, 38-unit potential, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 10,000 square foot corner lot in Portland, Oregon's desirable Sellwood-Moreland neighborhood presents a remarkable multifamily development opportunity. Zoned CM2, this permit-ready site allows for the construction of two 19-unit buildings, totaling 38 units, with ground-floor retail space. The property boasts a four-story building design and is conveniently located adjacent to a newly constructed New Seasons Market. Its prime location offers easy access to TriMet bus lines and numerous local restaurants and retailers, ensuring high occupancy potential. Importantly, this development is not subject to inclusionary zoning. The asking price for this exceptional investment opportunity is $3,000,000. The property's address is 1269 SE Tenino St, Portland, OR 97202, and its Assessor's Parcel Number (APN) is R267193. This is a rare chance to capitalize on the thriving Portland real estate market with a project that is ready to begin construction.

    Property Features for 1269 Tenino St

    General Information

    Property type
    Multifamily properties

    HighLights

    • Sale Price: $3,000,000
    • 38‑unit multifamily development opportunity (two 19‑unit buildings)
    • CM2 zoning, permit‑ready
    • 10,000 SF corner lot in desirable Sellwood‑Moreland, Portland, OR.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.65299937553
    Latitude
    45.463929799931

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    FAQs

    What type of property is this?
    Multifamily property - Permit-ready, 38-unit potential, prime location.
    Where is this multifamily property located?
    The property is located at 1269 Tenino St Portland, OR.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Sale Price: $3,000,000; 38-unit multifamily development opportunity (two 19-unit buildings); CM2 zoning, permit-ready
    (503) 222-2655
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    1269 Tenino St Portland, OR 97202
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    Portland, OR 97202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1269 Tenino St Portland, OR 97202
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