1269 Tenino St, Portland, OR 97202

This exceptional 10,000 square foot corner lot in Portland, Oregon's desirable Sellwood-Moreland neighborhood presents a remarkable multifamily development opportunity. Zoned CM2, this permit-ready site allows for the construction of two 19-unit buildings, totaling 38 units, with ground-floor retail space. The property boasts a four-story building design and is conveniently located adjacent to a newly constructed New Seasons Market. Its prime location offers easy access to TriMet bus lines and numerous local restaurants and retailers, ensuring high occupancy potential. Importantly, this development is not subject to inclusionary zoning. The asking price for this exceptional investment opportunity is $3,000,000. The property's address is 1269 SE Tenino St, Portland, OR 97202, and its Assessor's Parcel Number (APN) is R267193. This is a rare chance to capitalize on the thriving Portland real estate market with a project that is ready to begin construction.