11833 Burnside St Portland, OR 97216

Property Details for 11833 Burnside St

Property type

Residential income homes

Description

This exceptional investment opportunity presents nine single-family rental properties located in Portland, Oregon, within Multnomah County, specifically at 11833 E Burnside St, zip code 97216. The portfolio is offered at an asking price of $4,635,000 and is zoned RM3, providing significant flexibility for future development. The RM3 zoning allows for multi-family residential construction, as well as some retail and office uses, making this a highly versatile asset. The properties' strategic location offers convenient access to Glisan Street Station, providing easy public transportation options. Furthermore, the proximity to I-205 ensures excellent connectivity to the wider Portland metropolitan area. The portfolio benefits from its location near various amenities, enhancing its appeal to both residents and businesses. This presents a unique opportunity for investors seeking a substantial portfolio in a thriving urban area. The properties are available for purchase as a complete package or in smaller, more manageable blocks, catering to diverse investment strategies and budgets. This is a rare chance to acquire a well-positioned portfolio with significant upside potential in a rapidly growing market. The latitude and longitude coordinates are 45.5228083, -122.5409225 respectively.