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    4410 Belmont St Portland, OR 97215

    Sponsored
    For Sale
    $1,500,000

    Permit-ready, 19-unit multifamily project in SE Portland.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional development opportunity presents a prime 5,336 square foot corner lot (APN R169534) located at 4410 SE Belmont St, Portland, Oregon 97215, in the desirable Sunnyside neighborhood. Zoned CM2, this property allows for a mixed-use development, currently permitted for a 19-unit multifamily building with ground-floor retail space. The four-story design incorporates a private resident courtyard. Importantly, this project is not subject to inclusionary zoning. The site's convenient location offers easy access to TriMet bus lines and a variety of nearby restaurants and shops. The asking price for this permit-ready development is $1,500,000. This represents a unique chance to capitalize on the strong demand for multifamily housing and retail space in this vibrant Portland neighborhood. The property's size and zoning provide significant flexibility for a developer seeking to create a high-quality, mixed-use project. This is a truly exceptional opportunity to acquire a fully permitted development site in a prime location. Don't miss out on this chance to build a thriving community asset.

    Property Features for 4410 Belmont St

    General Information

    Property type
    Multifamily properties

    HighLights

    • $1,500,000 asking price.
    • 19 units, including ground floor retail space.
    • CM2 Commercial/Mixed‑Use zoning.
    • 5,336 square foot lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.61711529363
    Latitude
    45.516447556959

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    FAQs

    What type of property is this?
    Multifamily property - Permit-ready, 19-unit multifamily project in SE Portland.
    Where is this multifamily property located?
    The property is located at 4410 Belmont St Portland, OR.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 19 units, including ground floor retail space.; CM2 Commercial/Mixed-Use zoning.
    (503) 222-2655
    Request Owner's contact information
    4410 Belmont St Portland, OR 97215
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    Portland, OR 97215
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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
    4410 Belmont St Portland, OR 97215
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