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Off Market
1/9

4381 NE Prescott St
Portland, OR 97218


HIGHLIGHTS

  • Approved plans, ready to develop immediately
  • Wood frame design - limit construction costs without steel or concrete
  • Ideal inner NE Portland location for rental units

OVERVIEW

Developer opportunity to purchase a fully entitled shovel-ready multi-family development site located in NE Portland. Permitted plans include 2 three-story wood frame apartment buildings with a total of 31 units. All of the units have exterior walk-up entries. A total of four units to be affordable at 80% MFI to receive parking exemption and FAR bonus. Willing to be sold as a portfolio with another permit-ready site at 55 NE Flanders St, Portland, OR 97213 that is approved for a 5-unit wood framed apartment building consisting of all 1-bedroom units.

FOR SALE DETAILS

PRICE

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# OF LOTS

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LAND DETAILS

PROPERTY NAME

Prescott 43 - Permit Ready Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

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LAND SF

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OFFSITE IMPROVEMENTS

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

ZONING

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APN/PARCEL ID

R707258