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Listed by Bridge Creek Realty
$ 1,100,000
Est. payment /mo
Active
33 SE 83RD AVE Portland, OR 97216
3 Beds
3.1 Baths
2,000 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $550
MLS Listing ID 219390238
Style Other
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1947
Annual Tax Amount $2,194
Tax Year 2025
Lot Size 5,227 Sqft
Property Sub-Type Single Family Residence
Property Description
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.
Location
State OR
County Multnomah
Area _143
Interior
Heating Forced Air
Exterior
Garage Spaces 1.0
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Vestal
Middle Schools Harrison Park
High Schools Leodis Mcdaniel
Others
Senior Community No
Acceptable Financing Assumable, Cash, Conventional
Listing Terms Assumable, Cash, Conventional
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