7130 33Rd Dr Portland, OR 97211
- Commercial real estate
- 1 SF
- 2.49 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 7130 33Rd Dr
- Lot size
- 2.49 lot acres
- Property size
- 1 SF
- Property type
- Commercial real estate
Description
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.
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
- -122.6328461
- Latitude
- 45.5752074
