7510 Rodney Ave, Portland, OR 97211
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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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.