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SE Steele St - SE Steele Street Multifamily Development Land

2.04 Acres of Residential Land Offered at $1,400,000 in Portland, OR 97236

Residential Land & Home Lots Oregon Portland SE Steele St, Portland, OR 97236

Investment Highlights

  • Approved plans for 91 units + 44 parking spaces
  • 2” water service tied to townhomes
  • DEQ NSA completed
  • Sewer laterals in-place
  • Power feeders run to transformers
  • Construction monitoring report completed by Carlsen Engineers

Attachments

SE Steele St Dev Land OM

Property Facts

Price $1,400,000 Property Type Land
Sale Type Investment Property Subtype Residential
No. Lots 1 Total Lot Size 2.04 AC
Price $1,400,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 2.04 AC

1 Lot Available

Lot

Price $1,400,000 Lot Size 2.04 AC
Price Per AC $686,275
Price $1,400,000
Price Per AC $686,275
Lot Size 2.04 AC

Flat topography Total RM1 Land: ± 40,082 SF Total R5 Land: ± 48,959 SF Total Lot Size: ± 2.0428 acres (88,986 SF)

Description

The subject property consists of 4 tax parcels totaling approximately 2.0428 acres (88,986 SF), with no current entitlements in-place. The subject property offers investors/developers an opportunity to acquire well located development parcels with flat topography, utilities at the street and potential to build approximately 90 units with a mix of multifamily and single family residential.

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SE Steele St, Portland, OR - aerial map view

PROPERTY TAXES

Parcel Numbers
Multiple
  • R255121
  • R255120
  • R255122
  • R255123
 Improvements Assessment $0
Land Assessment $175,590 Total Assessment $314,930

PROPERTY TAXES

Parcel Numbers
Multiple
  • R255121
  • R255120
  • R255122
  • R255123
Land Assessment
$175,590
Improvements Assessment
$0
Total Assessment
$314,930

zoning

Zoning Code R5, RM1 (The R5 and RM1 zoning support multifamily and single-family residential development.)
R5, RM1 (The R5 and RM1 zoning support multifamily and single-family residential development.)
(503) 225-8487

  • Listing ID: 31662787

  • Date on Market: 5/1/2024

  • Last Updated:

  • Address: SE Steele St, Portland, OR 97236

More public record information on SE Steele St, Portland, OR 97236

The Land Property at SE Steele St, Portland, OR 97236 is currently available For Sale. Contact Norris & Stevens, Inc. for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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SE Steele St, Portland, OR for sale Aerial- Image 1 of 7
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SE Steele St, Portland, OR for sale Building Photo- Image 2 of 7
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SE Steele St, Portland, OR for sale Building Photo- Image 6 of 7
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SE Steele St - SE Steele Street Multifamily Development Land
(503) 225-8487 x

SE Steele St - SE Steele Street Multifamily Development Land

David Chatfield

(503) 225-8487

(503) 225-8487

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