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    10412 Division St Portland, OR 97266

    Sponsored
    For Sale
    $820,000

    Prime Portland land, RM1 zoning, multifamily potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.72-acre property, located at 10412 SE Division St, Portland, OR 97266, presents a unique redevelopment opportunity. Comprising two separate 0.36-acre tax lots (10412 and 10422 SE Division St), this land offers 33,000 square feet of raw space zoned RM1, ideal for multifamily development. The RM1 zoning permits a variety of housing options, including duplexes, triplexes, rowhouses, and small apartment complexes. Situated a mere third of a mile from the I-205 interchange, this location provides convenient access to major transportation routes and local amenities. The existing house on 10422 SE Division St has been demolished at the seller's expense to streamline the development process for potential buyers. Preliminary plans for a townhouse development are available upon request. The asking price is $820,000, translating to $26.15 per square foot. This is a rare chance to acquire a highly desirable development site in a thriving Portland neighborhood. Potential buyers are encouraged to conduct their own due diligence and contact the City of Portland for further information. Offers should be submitted using OREF forms and addressed to Y & S DIVISION ST LLC.

    Property Features for 10412 Division St

    General Information

    Property type
    Multifamily properties
    Lot Size
    31,363 SF
    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 Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.556351
    Latitude
    45.503882

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    FAQs

    What type of property is this?
    Multifamily property - Prime Portland land, RM1 zoning, multifamily potential.
    Where is this multifamily property located?
    The property is located at 10412 Division St Portland, OR.
    What is the asking price?
    The asking price for this property is $820,000.
    Request Owner's contact information
    10412 Division St Portland, OR 97266
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    Portland, OR 97266
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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
    10412 Division St Portland, OR 97266
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