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    1475 20Th Ave Portland, OR 97201

    Sponsored
    For Sale
    $530,000

    Prime Portland multifamily lot. 16,000 sq ft.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 16,000 square foot development parcel is located in Portland's desirable Goose Hollow neighborhood at 1475 SW 20th Ave, Multnomah County, Oregon, 97201. Zoned RM2, this property presents a unique opportunity for multifamily residential development. The asking price is $530,000, translating to $33 per square foot. The site boasts a maximum floor area ratio (FAR) of 1.5:1, with significant potential to increase this to 3:1 through the utilization of affordable housing bonuses, or to 2.25:1 through other available bonuses. A minimum unit density of one unit per 1,450 square feet is mandated, however, there is no maximum unit density restriction. The property's convenient location places it within a half-mile radius of Providence Park and the Multnomah Athletic Club, offering future residents easy access to recreational facilities and vibrant city life. The property's APN is R128649. This is an ideal site for developers seeking to capitalize on Portland's thriving multifamily market. The base building height is 45 feet.

    Property Features for 1475 20Th Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • Residential development parcel in Goose Hollow, inner Southwest Portland.
    • RM2 zoning ideal for multifamily development.
    • 16,000 square foot lot.
    • Maximum FAR of 1.5:1, potentially up to 3:1 with affordable housing bonuses, or 2.25:1 with other bonuses.
    • Minimum unit density of one unit per 1,450 square feet; no maximum density.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.69480409884
    Latitude
    45.517538652455

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    FAQs

    What type of property is this?
    Multifamily property - Prime Portland multifamily lot. 16,000 sq ft.
    Where is this multifamily property located?
    The property is located at 1475 20Th Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: Residential development parcel in Goose Hollow, inner Southwest Portland.; RM2 zoning ideal for multifamily development.; 16,000 square foot lot.
    (503) 222-2655
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    1475 20Th Ave Portland, OR 97201
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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
    1475 20Th Ave Portland, OR 97201
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