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    1727 Cesar Estrada Chavez Blvd Portland, OR 97214

    Sponsored
    For Sale
    $399,900

    Rare RM2-zoned lot, high density potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,000+ square foot lot, located at 1727 SE Cesar E Chavez Blvd in Portland, Oregon (zip code 97214), presents a unique investment opportunity. Situated in Multnomah County, this property boasts an enviable RM2 multifamily zoning designation, allowing for the construction of a higher-density multi-family dwelling than previously permitted. The lot dimensions measure approximately 42.9 feet by 119 feet. This prime location benefits from exceptional walkability and bikeability, boasting a WalkScore of 93 and a BikeScore of 100, reflecting its proximity to amenities and transportation options. The property is situated within the city's Better Housing by Design area, further enhancing its development potential. The asking price for this rare land parcel is $399,900. This is a chance to capitalize on the high rental demand and create a significant income-generating asset in a thriving urban environment. Don't miss this chance to acquire a piece of Portland's vibrant real estate market.

    Property Features for 1727 Cesar Estrada Chavez Blvd

    General Information

    Property type
    Land

    HighLights

    • Large 5,000+ sq ft lot
    • Multifamily (RM2) zoning
    • 42.9' x 119' lot dimensions
    • Excellent walkability (Walk Score 93) and bikeability (Bike Score 100)
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6230918
    Latitude
    45.510344

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    FAQs

    What type of property is this?
    Land - Rare RM2-zoned lot, high density potential.
    Where is this land located?
    The property is located at 1727 Cesar Estrada Chavez Blvd Portland, OR.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Large 5,000+ sq ft lot; Multifamily (RM2) zoning; 42.9' x 119' lot dimensions
    (360) 803-4613
    Request Owner's contact information
    1727 Cesar Estrada Chavez Blvd Portland, OR 97214
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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
    1727 Cesar Estrada Chavez Blvd Portland, OR 97214
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