1224 Winchell St Portland, OR 97217

This exceptional development opportunity presents a level, usable lot in Portland, Oregon's desirable Kenton neighborhood, zoned RM3. Detailed plans are in place for a twelve-unit apartment building, perfectly suited for either traditional apartment rentals or student housing, given its proximity to various amenities and educational institutions. The asking price is $550,000. Located at 1224 N Winchell St, Portland, OR 97217 (45.5805485, -122.6790999), this property boasts a highly advantageous location, just 0.2 miles from a vibrant array of coffee shops, restaurants, and grocery stores. Its convenient proximity to Interstate 5 and Kenton Park further enhances its appeal. The high rental demand and potential for significant rental income make this a compelling investment opportunity for savvy developers seeking to capitalize on Portland's thriving real estate market. The property's zoning and existing plans streamline the development process, minimizing potential delays and maximizing return on investment. This is a rare chance to acquire a turnkey project in a sought-after area. The property is situated in Multnomah County.