Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    11341-11411 Division St Portland, OR 97266

    For Sale
    $1,800,000

    Four-story apartment building, 1.1 acres

    Property size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional multifamily investment opportunity presents a four-story apartment building situated on a substantial 1.1-acre lot in Portland, Oregon. Located at 11341-11411 SE Division Street, this property boasts a compelling asking price of $1,800,000. The building is zoned RM2, a medium-scale multi-dwelling zone ideal for a variety of development options. This zoning designation allows for the construction of 3-4 story buildings, seamlessly blending urban density with residential character. The RM2 zoning encourages a diverse range of multi-dwelling structures, including fourplexes and rowhouses, presenting significant potential for future development or expansion. The property's size and zoning provide considerable flexibility for investors seeking to capitalize on Portland's thriving real estate market. The property consists of two tax lots, further enhancing its development potential. While the exact square footage is not currently specified, the building's four-story structure and substantial lot size indicate a significant footprint. This property is an excellent opportunity for investors seeking a well-located, multifamily asset in a desirable Portland neighborhood with a promising zoning designation. The property's address is 11341-11411 SE Division Street, Portland, OR 97266, located in Multnomah County.

    Property Features for 11341-11411 Division St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1 SF
    Lot Size
    47,916 SF

    Building Details

    Stories
    4

    HighLights

    • Exceptional multifamily investment opportunity in Portland, OR.
    • Four‑story apartment building on a 1.1‑acre lot, listed at $1,800,000.
    • Located at 11341‑11411 SE Division Street, Portland, OR 97266 (Multnomah County).
    • RM2 zoning allows for 3‑4 story buildings, offering development potential.
    • Property consists of two tax lots, enhancing development flexibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office 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
    -122.5459399
    Latitude
    45.5050766

    Nearby Similar for Sale

    • $3,600,000
      4.51 Acres

      Forested Acres with Rental Units

      Unique investment opportunity near downtown Portland with high revenue potential.
      8720 SW Katherine Ln, Portland, OR 97225
      View Details
    • New
      $989,000
      0.08 Acres

      Innovative Duplex in Portland, Oregon

      Versatile duplex with potential for multi-generational living or rental income.
      16505 NW Liberty St, Portland, OR 97229
      View Details
    • New
      $370,000
      1,109 SF

      Renovated Loft in Pearl District

      Stunning, remodeled loft with commercial potential in prime location.
      1314 NW Irving St, Portland, OR 97209
      View Details
    • $1,075,000
      3,007 SF

      Office/Medical Building on Beaverton-Hillsdale Highway

      Well-maintained office/medical building in prime location with development opportunities.
      7303 SW Beaverton Hillsdale Hwy, Portland, OR 97225
      View Details
    • $1,475,000
      5,899 SF

      Turn-Key Multifamily Investment Opportunity

      Well-maintained, income-generating property in desirable Mill Park neighborhood.
      2448 SE 117Th Ave, Portland, OR 97216
      View Details
    • $690,000
      0.11 Acres

      Richmond Duplex: Investment Opportunity

      Charming 1912 duplex in the heart of Richmond.
      3504 SE Sherman St, Portland, OR 97214
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Four-story apartment building, 1.1 acres
    Where is this multifamily property located?
    The property is located at 11341-11411 Division St Portland, OR.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Exceptional multifamily investment opportunity in Portland, OR.; Four-story apartment building on a 1.1-acre lot, listed at $1,800,000.; Located at 11341-11411 SE Division Street, Portland, OR 97266 (Multnomah County).
    Request Owner's contact information
    11341-11411 Division St Portland, OR 97266
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11341-11411 Division St
    Portland, OR 97266
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    11341-11411 Division St Portland, OR 97266
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.