1670/1746 Lombard St Portland, OR 97211
This exceptional 0.66-acre commercial land parcel, located at 1670/1746 NE Lombard St, Portland, OR 97211, presents a compelling investment opportunity. Situated in Multnomah County, this cleared, gently sloping lot boasts 28,749 square feet and offers road frontage with paved access. The property is zoned for potential development, with preliminary plans suggesting the possibility of constructing up to 20 units, including parking. Its strategic location near Portland International Airport (PDX) and the NE Columbia industrial area makes it highly attractive for various development projects, including starter homes. The property includes two lots and benefits from readily available utilities, including electricity, public sewer, and water. Annual property taxes for 2023 were $4,329. Detailed plans are available upon request. This is a cash sale. The property is served by Woodlawn Elementary, Ockley Green Middle, and Jefferson High schools. This prime location and development potential make this a rare find, priced to sell. Don't miss this chance to acquire a valuable asset in a thriving Portland neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.