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Property profile & analytics
OFF-MARKET
Land

7510 Rodney Ave Portland, OR 97211

0.09 ac lot
Property ID
US71-1477717
Property summary
AI-generated overview

This exceptional 0.09-acre lot presents a remarkable opportunity for developers seeking a lucrative multifamily investment in Portland, Oregon. Located at 7510 NE Rodney Ave, in the desirable Piedmont neighborhood (zip code 97211), this RM1-zoned property comes complete with approved-to-issue plans for a five-unit building. Each unit is designed with modern living in mind, featuring two bedrooms, two and one-half bathrooms, and a spacious floor plan ranging from 871 to 877 square feet. The level, usable corner lot maximizes buildability, ensuring efficient use of the space. The property's prime location boasts a 97 BikeScore, reflecting its walkability and convenient access to a vibrant array of amenities. Within a tenth of a mile, residents will find an abundance of coffee shops, grocery stores, restaurants, and shopping options, catering to a high demand for rental properties in this area. This is a turnkey opportunity to capitalize on the high rental rates and strong demand in this sought-after Portland neighborhood, making it an ideal investment for generating significant income. The asking price for this exceptional property is $350,000. Don't miss this chance to acquire a ready-to-develop multifamily project in a thriving Portland location.

Property profile
Verified
Property type Land
Lot 0.09 ac (3,920 SF)
UPID US71-1477717
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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