11341-11411 Division St Portland, OR 97266
- Land
- 1 SF
- 1.10 lot acres
Current Use by Public Records
- Land
Property Details for 11341-11411 Division St
- Lot size
- 1.10 lot acres
- Property size
- 1 SF
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional multifamily investment opportunity presents a four-story apartment building situated on a substantial 1.1-acre lot in Portland, Oregon. Located at 11341-11411 SE Division Street, this property boasts a compelling asking price of $1,800,000. The building is zoned RM2, a medium-scale multi-dwelling zone ideal for a variety of development options. This zoning designation allows for the construction of 3-4 story buildings, seamlessly blending urban density with residential character. The RM2 zoning encourages a diverse range of multi-dwelling structures, including fourplexes and rowhouses, presenting significant potential for future development or expansion. The property's size and zoning provide considerable flexibility for investors seeking to capitalize on Portland's thriving real estate market. The property consists of two tax lots, further enhancing its development potential. While the exact square footage is not currently specified, the building's four-story structure and substantial lot size indicate a significant footprint. This property is an excellent opportunity for investors seeking a well-located, multifamily asset in a desirable Portland neighborhood with a promising zoning designation. The property's address is 11341-11411 SE Division Street, Portland, OR 97266, located in Multnomah County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.546
- Latitude
- 45.5051
