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    OFF-MARKET
    Commercial real estate

    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 Commercial real estate
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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