15665 Willamette St Sherwood, OR 97140
- Commercial real estate
- 19,600 SF
- 1.14 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 15665 Willamette St
- Lot size
- 1.14 lot acres
- Property size
- 19,600 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 24-unit multifamily development site in desirable downtown Sherwood, Oregon. The 1.14-acre lot (49,658 square feet) is zoned HDR (High Density Residential) and includes approved plans for 24 residential units across four buildings, totaling 19,600 square feet of net rentable area. The unit mix comprises eight one-bedroom, one-bathroom units and sixteen two-bedroom, one-and-a-half-bathroom units, featuring luxury finishes and including two-story "townhouse" style units. The property also boasts 29 on-site surface parking spaces and includes two additional detached home lots, enhancing the overall investment potential. Located at 15665 SW Willamette St, Sherwood, OR 97140, this property offers a compelling combination of location, approved plans, and significant development potential. The asking price for this turnkey development opportunity is $1,100,000. This is a rare chance to acquire a fully permitted multifamily project in a thriving Oregon community. Don't miss this chance to capitalize on the strong demand for rental housing in this area.
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
- Sherwood
- County
- Washington
- State
- Oregon
- Longitude
- -122.8390101022
- Latitude
- 45.356337597153
