- ADDRESS:
- 33 SE 83RD AVE Portland, OR 97216
- VIDEOS:
- Print this Listing
- Price:
- $1,100,000
- Beds:
- 3
- Baths:
- 3.1
- Ft²:
- 2000
- Acres:
- 0.12
- MLS#:
- 219390238
- Lot Size:
- 5,000 to 6,999 SqFt
- Type:
- Detachd
- County:
- Multnomah
- Style:
- 2 Stories
- Yr Built:
- 1947
- Status:
- Active
- Levels:
- 2
- Heat:
- Forced Air
- Elem:
- Vestal
- Middle:
- Harrison Park
- High:
- Leodis McDaniel
- Area:
- Portland Southeast
- Courtesy of:
- Bridge Creek Realty
- Remarks:
- Located just off E Burnside Street in Portland’s Montavilla neighborhood, this offering consists of two adjacent parcels totaling approximately 0.22 acres with CM2 (Commercial Mixed-Use 2) zoning. Positioned in one of East Portland’s most established and walkable neighborhoods, the property presents a compelling opportunity to develop high-density multifamily housing in a strong rental submarket with convenient access to neighborhood amenities, transit, and major employment corridors. The offering includes one vacant parcel and one improved parcel containing a 2,624 square foot single-family home built in 1947. The home is currently leased to a month-to-month tenant providing interim income while a developer advances development plans.A full development package has been completed for the property, including architectural plans, a geotechnical report, plumbing plans, survey work, mechanical engineering and a first submission of plans to the city with corrections noted, significantly reducing the upfront time and cost associated with early-stage development. The proposed project consists of a 30-unit apartment building comprised of efficiently designed one- and two-bedroom units tailored to the strong demand for attainable housing in Portland’s close-in eastside neighborhoods. *Square footage and bedroom count need to be verified by buyer.