Se Steele St
- • Approved plans for 91 units + 44 parking spaces
- • Sewer laterals in-place
- • 2” water service tied to townhomes
- • Power feeders run to transformers
- • Previous retention pond approval (buyer to verify)
- • DEQ NSA completed
- • Construction monitoring report completed by Carlsen Engineers
- • Geotech engineering work completed (report available)
- • Phase I and ALTA survey available
Property 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. “Powellhurst-Gilbert is located in Southeast Portland and is one of the city’s largest neighborhoods by both area and population. Today, Powellhurst- Gilbert is characterized by a blend of older homes, newer developments, and large sections of green space, reflecting both its agricultural past and ongoing growth. • Continued population growth expected, driven by affordability compared to central Portland neighborhoods • Ongoing investment in infrastructure and public transit, improving access for residents and businesses • Increasing interest from small businesses and retail due to rising residential density • Potential for growth in health care, social services, and multicultural retail, reflecting the area’s diverse population
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $799,000 |
| Lot Size: | 2.05 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
104 W Washington Ave
Union Gap, Washington
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout