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4507 SE Boardman Ave - MR-1 Development Opportunity! 1.81 Acres of Residential Land Offered at $2,461,860 CAD in Portland, OR 97267
Investment Highlights
- Build 22+ units with bonus
- Level medium-denisty residential development site
Executive Summary
Opportunity to acquire a level, 1.8-acre, medium-density development site in Milwaukie. Located on a quiet street with nearby access to SE McLoughlin Boulevard. The existing home is leased on a month-to-month basis for $1,500 per month, providing flexible interim income during pre-development. Located in unincorporated Clackamas County, outside of the more heavily regulated rental markets of nearby Portland & Multnomah County. Build 22+ units with bonus. Please do not disturb tenants.
Property Facts
| Price | $2,461,860 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.81 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | MR1 | ||
| Price | $2,461,860 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.81 AC |
| No. Stories | 1 |
| Zoning | MR1 |
1 Lot Available
Lot
| Price | $2,461,860 CAD | Lot Size | 1.81 AC |
| Price Per AC | $1,360,143.63 CAD |
| Price | $2,461,860 CAD |
| Price Per AC | $1,360,143.63 CAD |
| Lot Size | 1.81 AC |
1.8-acre, medium-density development site in Milwaukie. Located on a quiet street with nearby access to SE McLoughlin Boulevard. Existing 2-bed / 1-bath 1,424 square foot residence on site.
Description
Level, 1.8-acre, medium-density development site in Milwaukie. Located on a quiet street with nearby access to SE McLoughlin Boulevard. 5-minute drive from SE Park Avenue Orange Line MAX light-rail Park & Ride Station. Existing improvements consist of a 1,424 sqft 2-bed / 1-bath home.
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00514517 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $385,921 CAD |
Property Taxes
Parcel Number
00514517
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$385,921 CAD
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4507 SE Boardman Ave - MR-1 Development Opportunity!
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