4510 128Th Ave, Portland, OR 97236
This 8,624 sq ft residential lot in Portland, Oregon (Multnomah County, zip code 97236) presents a unique development opportunity. Located at 4510 SE 128th Ave, this flat, sunny corner lot boasts R10 zoning, allowing for diverse uses including single-family homes with accessory dwelling units (ADUs), multifamily dwellings, middle housing, cottage clusters, detached condos, and manufactured homes. Its ideal location across from a school and near Powell Butte Nature Park, I-205, I-84, the Columbia River Gorge, bus lines, and bike routes provides excellent access to amenities and major transportation corridors. The property is conveniently situated near Inner SE & NE Portland. The lot is currently available for sale as a single half-acre parcel, but there's a possibility of purchasing additional adjacent lots. Final plat approval is ready for recording, and the seller is open to exploring creative development partnerships. This presents a timely investment opportunity in a market with limited inventory. The asking price is $250,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.