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3800 Martin Luther King Jr Blvd Portland, OR 97212

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Permit-ready, 83-unit development site.

Property Features for 3800 Martin Luther King Jr Blvd

General Information

Property type
Multifamily properties

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Listing Contact
Nicholas Diamond
Nicholas Diamond

Listing Agent: Nicholas Diamond

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Overview

This exceptional 19,200 square foot development site, located at 3800 NE Martin Luther King Jr Blvd in Portland, Oregon (97212), presents a fully engineered, permit-ready opportunity for a multifamily project. Zoned CM3, this property comprises four parcels (APN: R206899, R702846, R702837, R702810) and offers a high-visibility location along the vibrant NE MLK Corridor. The proposed development encompasses 83 units, including 74 residential apartments and 9 live-work units, distributed across four buildings. Buildings 1-3 each feature 21 units, while Building 4 houses 20 units, incorporating the live-work spaces. Unit sizes range from 336 to 702 square feet, with a mix of 62 studio and 21 one-bedroom apartments. The total gross area across all buildings is 46,139 square feet, with a total rentable area of 35,118 square feet. This is a turn-key opportunity for an investor seeking a high-potential multifamily development in a desirable Portland location. The asking price for this exceptional property is $2,990,000.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Portland
County
Multnomah
State
Oregon
Longitude
-122.6615222
Latitude
45.55082731

FAQs

What type of property is this?
Multifamily property - Permit-ready, 83-unit development site.
Where is this multifamily property located?
The property is located at 3800 Martin Luther King Jr Blvd Portland, OR.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: $2,990,000 asking price for a permit-ready multifamily development site.; 19,200 square foot lot comprised of four parcels (APN: R206899, R702846, R702837, R702810) in Portland, Oregon.; CM3 zoning allows for a planned 83-unit multifamily development (74 apartments + 9 live/work units).
(503) 222-2655 Call to check price and availability
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