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    4037 Williams Ave Portland, OR 97227

    Sponsored
    For Sale
    $3,200,000

    Permit-ready, 60-unit multifamily land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity encompasses two adjacent lots totaling 11.8 acres (11,800 sq ft) at 4037 & 4043 N Williams Ave, Portland, OR 97227, in Multnomah County. Zoned CM3, this property offers a unique chance to develop two separate, permit-ready, four-story buildings, each featuring 30 units of multifamily residential space with ground-level retail. The conceptual plans envision a total of 60 residential units. This prime location in North Portland's Boise neighborhood is conveniently situated within walking distance of TriMet bus lines and numerous local restaurants and shops. Importantly, this development is not subject to inclusionary zoning. The combined asking price for both lots is $3,200,000. This presents a compelling opportunity for developers seeking a high-density, mixed-use project in a thriving Portland neighborhood. The property's size and zoning provide significant flexibility for creative development plans. This is a rare chance to acquire a substantial, permit-ready development site in a highly desirable area.

    Property Features for 4037 Williams Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    514,008,000 SF

    HighLights

    • Sale Price: $3,200,000 for two adjacent lots.
    • 60 total multifamily units (30 units per building, two four‑story buildings).
    • Ground‑level retail space in each building.
    • CM3 Commercial/Mixed‑Use zoning.
    • 11,800 square foot lot size (11.8 acres).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.66671622949
    Latitude
    45.55263965536

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    FAQs

    What type of property is this?
    Multifamily property - Permit-ready, 60-unit multifamily land
    Where is this multifamily property located?
    The property is located at 4037 Williams Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Sale Price: $3,200,000 for two adjacent lots.; 60 total multifamily units (30 units per building, two four-story buildings).; Ground-level retail space in each building.
    (503) 222-2655
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    4037 Williams Ave Portland, OR 97227
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    Portland, OR 97227
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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
    4037 Williams Ave Portland, OR 97227
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