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3802 NE Martin Luther King Jr Blvd - MLK & Failing Apartments

0.44 Acres of Residential Land Offered at $2,990,000 in Portland, OR 97212

Residential Land & Home Lots Oregon Portland 3802 NE Martin Luther King Jr Blvd, Portland, OR 97212

INVESTMENT HIGHLIGHTS

  • Permit-Ready, Fully-Engineered Multifamily Development Opportunity
  • 4 Buildings - 4 Contiguous Tax lots
  • High-Visibility Location Directly along NE MLK Jr Blvd
  • 83 Planned Market-Rate Units Including Live / Work Units
  • 62 Studio Units / 21 1-Bedroom Units
  • Proximity to N Williams and N Mississipi Shopping / Dining Districts

EXECUTIVE SUMMARY

Permit-Ready Multifamily Development Site in NE Portland
83 Projected Units Including Live / Work • High-Visibility Location
--------------------
Sale Price: $2,990,000
Total Land Area: 19,200 SF (4 Parcels)
Projected Units: 83 Units (74 Residential + 9 Live/Work)
Total Gross Area (All Buildings): 46,139 SF
Total Rentable Area (All Buildings): 35,118 SF
--------------------
Property Features:
• Multifamily Development Site in NE Portland
• Fully-Engineered, Permit Ready Opportunity for 83 Units (74 Apartments + 9 Live-Work Units)
• 62 Studio and 21 1-Bedroom Units Ranging from 336 - 702 Average Sq. Ft.
• Buildings 1-3 have 21 Total Units Each, with Building 4 having 20 Total Units (Incl. Live-Work)
• High-Visibility Location along NE MLK Corridor
--------------------
Location Features:
• Located on the Bustling Corridor of NE MLK Jr Blvd in Inner Northeast Portland
• Multiple Bus Lines within Short Walking Distance
• Just East of Shopping and Dining Districts along N Williams Avenue and N Mississippi Avenue
• Highlights within 1/2 Mile Include True Value, Cafe Olli, Life of Pie, Migration Brewing, Lua, Ding Tea, New Seasons Market, Mud Bay, Yes Please, Maui’s

ATTACHMENTS

MLK & Failing Apartments OM

PROPERTY FACTS

Price $2,990,000 Property Subtype Residential
Sale Type Investment or Owner User Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
No. Lots 1 Total Lot Size 0.44 AC
Property Type Land
Price $2,990,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
Total Lot Size 0.44 AC

1 LOT AVAILABLE

Lot

Price $2,990,000 Lot Size 0.44 AC
Price Per AC $6,783,567.88
Price $2,990,000
Price Per AC $6,783,567.88
Lot Size 0.44 AC

PERMIT-READY Multifamily Development Site - 4 Contiguous Tax Lots - CM3 Zoning - 83 Planned Market-Rate Units (4 Buildings) - Residential + Live / Work Units - High Visibility Location Directly on NE MLK Jr Blvd

LINKS

1 of 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • R702810
  • R702837
  • R702846
  • R206899
 Improvements Assessment $0
Land Assessment $774,590 Total Assessment $1,027,190

PROPERTY TAXES

Parcel Numbers
Multiple
  • R702810
  • R702837
  • R702846
  • R206899
Land Assessment
$774,590
Improvements Assessment
$0
Total Assessment
$1,027,190

ZONING

Zoning Code CM3
CM3
(503) 222-2655

CONTACTS

  • Listing ID: 26682418

  • Date on Market: 9/21/2022

  • Last Updated:

  • Address: 3802 NE Martin Luther King Jr Blvd, Portland, OR 97212

More public record information on 3802 NE Martin Luther King Jr Blvd, Portland, OR 97212

The King Land Property at 3802 NE Martin Luther King Jr Blvd, Portland, OR 97212 is currently available. Contact Capacity Commercial Group LLC for more information.

LAND PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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3802 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 1 of 5
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3802 NE Martin Luther King Jr Blvd - MLK & Failing Apartments
(503) 222-2655 x

3802 NE Martin Luther King Jr Blvd - MLK & Failing Apartments

1/3

Nicholas Diamond

(503) 222-2655

(503) 222-2655

George Diamond

(503) 781-4764

(503) 781-4764

Riley Henderson

(503) 975-9301

(503) 975-9301

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