5327 Glisan St Portland, OR 97213-3060

Property Details for 5327 Glisan St

Year built

1912

Lot size

0.10 lot acres

Property size

1,795 SF

Zone code

R1

Property type

Commercial land

APN

1N2E31AC 06700

APU

1N2E31AC06700

Description

This exceptional investment opportunity presents a permit-ready, four-story multifamily development located at 5327 & 5405 NE Glisan Street in Portland, Oregon. The property encompasses two adjacent tax lots totaling approximately 27,760 square feet on a 0.2-acre lot, zoned CM2. Approved plans are in place for a 33-unit apartment building featuring a mix of studio, one-bedroom, and two-bedroom units. Convenience is maximized with shared laundry facilities on each floor, two ground-floor retail spaces, and a community rooftop deck. The City of Portland has approved these plans, making this a truly turnkey project. Situated in a highly desirable location in Northeast Portland, this property boasts a Walk Score of 84 and a Bike Score of 93, providing unparalleled access to the city's amenities and transportation networks. This is a rare opportunity to acquire a fully approved multifamily development in a thriving Portland neighborhood, offering significant potential for strong returns. The project's design and location cater to the growing demand for urban living, making it an attractive investment for both seasoned and emerging real estate investors. Don't miss this chance to capitalize on this exceptional opportunity in the vibrant Portland market.