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    7130 33Rd Dr Portland, OR 97211

    Sponsored
    For Sale
    $2,500,000

    Portland multifamily land, R-10 & IC zoning.

    Property size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.49-acre development site in Portland, Oregon, presents a remarkable opportunity for investors seeking to capitalize on the city's thriving multifamily market. Located at 7130 NE 33rd Dr, in Multnomah County, zip code 97211, this property boasts a prime location with convenient access to employment centers. The site currently features five parcels with four existing single-family residences, providing immediate potential for rental income while development plans are underway. The property is zoned R-10 and IC, allowing for the construction of up to a forty-unit rental community, significantly increasing the property's value and potential return on investment. This is a Qualified Opportunity Zone property, offering additional tax advantages. The asking price for this exceptional development opportunity is $2,500,000. The total square footage is not specified, but the significant lot size and zoning potential make this a highly attractive investment. This location offers a compelling combination of established infrastructure and future growth potential, making it an ideal site for a high-density residential development. Don't miss this chance to acquire a prime piece of Portland real estate with significant upside potential.

    Property Features for 7130 33Rd Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    1 SF
    Lot Size
    108,464 SF

    HighLights

    • R‑10 and IC zoning allows for multifamily development.
    • Excellent location for a build‑to‑rent project.
    • Located in a Qualified Opportunity Zone (QOZ).
    • Proximity to major employment centers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6328461
    Latitude
    45.5752074

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    FAQs

    What type of property is this?
    Multifamily property - Portland multifamily land, R-10 & IC zoning.
    Where is this multifamily property located?
    The property is located at 7130 33Rd Dr Portland, OR.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: R-10 and IC zoning allows for multifamily development.; Excellent location for a build-to-rent project.; Located in a Qualified Opportunity Zone (QOZ).
    (503) 227-2500
    Request Owner's contact information
    7130 33Rd Dr Portland, OR 97211
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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
    7130 33Rd Dr Portland, OR 97211
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