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

    6183 Lombard St Portland, OR 97203

    Sponsored
    For Sale
    $975,000

    Permit-ready, 46-unit development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,799 square foot (0.225-acre) lot, located at 6183 N Lombard St in Portland, Oregon's desirable St. Johns neighborhood (zip code 97203), presents a unique opportunity for multifamily development. Zoned CM2 Commercial/Mixed Use, this permit-ready site offers plans for a four-story building encompassing 46 residential units – a mix of studios, one-bedroom, two-bedroom, and one-bedroom work/live units. The total multifamily space is 25,603 square feet, complemented by an additional 800 square feet of retail space. The development plans include desirable amenities such as secure parking, bike storage, and a common area patio. This property is situated in a LIHTC Qualified Census Tract (QCT). A complete set of building permits is available at a discounted price. Note that an adjacent corner property at 6117 N Lombard St is also available for purchase (sold separately). The asking price for this prime development opportunity is $975,000.

    Property Features for 6183 Lombard St

    General Information

    Property type
    Multifamily properties

    HighLights

    • Four‑story, 46‑unit apartment building, permit‑ready, located in St. Johns, North Portland.
    • Adjacent corner lot at 6117 N Lombard available for separate purchase.
    • Discounted permit plans available.
    • Located in a Low‑Income Housing Tax Credit (LIHTC) Qualified Census Tract (QCT).
    • Units include secure parking, bike storage, and a common area patio.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    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
    -122.7301993
    Latitude
    45.5849968

    Nearby Similar for Sale

    • 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
    • $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
    • New
      $474,900
      0.12 Acres

      Classic Portland Duplex Opportunity

      Rare Portland duplex with two units, ideal for investment.
      9023 SE Ankeny St, Portland, OR 97216
      View Details
    • $699,000
      2,164 SF

      Portland Duplex with Income Potential

      Spacious duplex in Portland, ideal for owners or investors.
      402 SE 75Th Ave, Portland, OR 97215
      View Details
    • New
      $2,800,000
      7,065 SF

      New Multifamily Investment Opportunity

      Newly constructed, fully rented property with condo conversion potential.
      6061 NE Simpson St, Portland, OR 97218
      View Details
    • New
      $550,000

      Montavilla Mixed-Use Development Opportunity

      Quarter-acre lot in Portland's Montavilla neighborhood with commercial zoning.
      415 SE 94Th Ave, Portland, OR 97216
      View Details
    • New
      $649,990
      1,447 SF

      Charming Concordia Duplex with ADU

      Updated 1949 duplex with permitted ADU and garden.
      3286 NE Holman St, Portland, OR 97211
      View Details
    • New
      $6,999,000
      15,956 SF

      New Multifamily Portfolio in Portland

      Portfolio of 17 units in prime Portland locations.
      NE Ainsworth St, Portland, OR 97211
      View Details
    • $839,900
      4,781 SF

      Portland Multifamily with Airbnb Potential

      Multigenerational living or short-term rental in Portland's SW Hills.
      3412 SW 13Th Ave, Portland, OR 97239
      View Details
    • $725,000
      4,500 SF

      Mixed-Use Property with Development Potential

      Mixed-use property with income, development potential, and CM2 zoning.
      8325 SE Division St, Portland, OR 97266
      View Details
    • New
      $640,000
      2,607 SF

      Remodeled Duplex in NW Portland

      Updated duplex in desirable NW Portland location, ideal for investors.
      2115 NW 22Nd Ave, Portland, OR 97210
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Permit-ready, 46-unit development site.
    Where is this multifamily property located?
    The property is located at 6183 Lombard St Portland, OR.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Four-story, 46-unit apartment building, permit-ready, located in St. Johns, North Portland.; Adjacent corner lot at 6117 N Lombard available for separate purchase.; Discounted permit plans available.
    (503) 222-2655
    Request Owner's contact information
    6183 Lombard St Portland, OR 97203
    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.
    6183 Lombard St
    Portland, OR 97203
    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
    6183 Lombard St Portland, OR 97203
    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.