Portland, OR 97266,10412 SE DIVISION ST
Portland, OR 97266,10412 SE DIVISION ST
Portland, OR 97266,10412 SE DIVISION ST
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John & Michelle Leiby
Listed by Fathom Realty Oregon, LLC • 503-866-6682
$ 820,000
Est. payment | /mo

0.72 Acres Lot


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$ 820,000
Est. payment | /mo
Save

0.72 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24108164

Annual Tax Amount $3,206

Tax Year 2023

Lot Size 0.720 Acres

Property Description

This unique portfolio offers two separate tax lots .36 each 10412 and 10422 SE Division St totaling .72 acres of prime land just a third of a mile from the I-205 interchange. With 33,000 square feet of raw land zoned RM1, this property is ideally suited for residential development.The RM1 zoning is specifically designed for multifamily development, allowing for a variety of housing options such as duplexes, triplexes, rowhouses, and small apartment complexes. The highest and best use is building. This is a rare opportunity to develop in a highly desirable location with easy access to major transportation routes and local amenities. Old House with no value on 10422 Demolished at cost to seller to help expedite development plan for potential buyer. Preliminary plan documents for townhouse development available upon request from interested buyers.

Location

State OR

County Multnomah

Area _143

Zoning RM1

Exterior

Utilities Available None

Garage No

Schools

Elementary Schools Harrison Park

Middle Schools Harrison Park

High Schools Leodis Mcdaniel

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)
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205 SE Spokane St, Portland, OR, 97202, USA

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10412 SE DIVISION ST