11833-11911 E Burnside St - Residential LAND FOR SALE


Portland, OR 97220- Gateway100,188 SF
$4,500,000 USD
503-939-7146
11833-11911 E Burnside St, Portland, OR for Sale
$4,500,000 USD
Residential LAND - FOR SALE
1/10
100,188 SF

11833-11911 E Burnside St
Portland, OR 97220
Gateway


OVERVIEW

This rare nine-lot assemblage presents a significant multifamily development opportunity in a highly desirable transit-oriented location. The combined parcels total approximately 100,190 square feet and are zoned RM3, allowing for substantial residential density and long-term upside potential. Under current zoning, the site supports development of approximately 100 market-rate units. By utilizing the 3:1 FAR base ratio and taking advantage of available density bonuses for affordable housing, the development potential increases dramatically to a higher number of units. Qualifying projects may also benefit from no minimum parking requirements, providing greater flexibility in site planning and improved project efficiency. The property is ideally situated with excellent access to light rail, multiple bus lines, parks, shopping, and restaurants. This strong connectivity enhances long-term rental demand and positions the site well for both market-rate and affordable housing development. In addition to its development potential, the property currently generates rental income, helping offset holding costs while development plans, entitlements, and permitting are pursued. This income component provides strategic flexibility during the planning phase. Opportunities of this scale, density, and transit accessibility are increasingly rare. This assemblage offers a compelling combination of current income, zoning flexibility, and substantial future development capacity in a growing corridor. Buyer to perform their own due diligence regarding development capacity, FAR bonuses, affordable housing incentives, and all zoning requirements.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/ACRE

$1,956,522/AC

PRICE/SF

$45 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

122nd and Burnside High-rise

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Single Family Development

LAND ACRES

2.3 AC

LAND SF

100,188 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

RM3

APN/PARCEL ID

R175187

ASK ABOUT THIS PROPERTY

Cornell MannGreat Western Real Estate CoMore Info
503-939-7146

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Cornell MannGreat Western Real Estate CoMore Info
503-939-7146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.