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306 8Th Ave Portland, OR 97214

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For Sale
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144-Unit Permit-Ready Development

Property Features for 306 8Th Ave

General Information

Property type
Multifamily properties

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Listing Contact
Nicholas Diamond
Nicholas Diamond

Listing Agent: Nicholas Diamond

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional opportunity presents a fully entitled 144-unit residential development site in Portland, Oregon's desirable Buckman neighborhood. Located at the corner of SE 8th Ave and SE Pine Street, this 19,088 square foot lot is priced at $5,000,000 ($34,722 per square foot). The project includes vested pre-inclusionary zoning and sits within an Opportunity Zone, offering significant investment advantages. The conceptual design features a seven-story mixed-use building encompassing studio, one, and two-bedroom units, along with 3,255 square feet of commercial space. Residents will enjoy amenities such as a resident lounge, fitness room, and outdoor amenity deck. Select units boast walk-in closets and balconies offering stunning views of the Willamette River, Mount Hood, and the Portland skyline. The building also includes a 26-space parking garage. Its prime location provides easy access to TriMet bus lines and the Portland Streetcar (Loops A & B), placing residents near notable developments like Soho House and the Grand Stark Hotel. This permit-ready project offers a compelling investment opportunity with strong potential for significant returns. The total building gross area is 109,586 square feet, plus an additional 5,659 square feet of amenity space.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

High-rise multifamily apartments

Suggested Use

Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Portland
County
Multnomah
State
Oregon
Longitude
-122.65668015384
Latitude
45.520728185137

FAQs

What type of property is this?
Multifamily property - 144-Unit Permit-Ready Development
Where is this multifamily property located?
The property is located at 306 8Th Ave Portland, OR.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Sale Price: $5,000,000, representing $34,722 per unit.; 144 units, comprised of studios, one-bedroom, and two-bedroom apartments.; 26 garage parking spaces.
(503) 222-2655 Call to check price and availability
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