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Listed by Bridge Creek Realty

$895,000

Est. payment - /mo

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3 Beds

3.1 Baths

2,000 SqFt

Price Dropped by $205K

33 SE 83RD AVE Portland, OR 97216

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $447

MLS Listing ID 219390238

Style Other

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1947

Annual Tax Amount $2,194

Tax Year 2025

Lot Size 5,227 Sqft

Property Sub-Type Single Family Residence

Property Description

Located just off E Burnside Street in Portland's Montavilla neighborhood, this offering consists of two adjacent parcels totaling approximately 0.22 acres with CM2 (Commercial Mixed-Use 2) zoning. Positioned in one of East Portland's most established and walkable neighborhoods, the property presents a compelling opportunity to develop high-density multifamily housing in a strong rental submarket with convenient access to neighborhood amenities, transit, and major employment corridors. The offering includes one vacant parcel and one improved parcel containing a 2,624 square foot single-family home built in 1947. The home is currently leased to a month-to-month tenant providing interim income while a developer advances development plans.A full development package has been completed for the property, including architectural plans, a geotechnical report, plumbing plans, survey work, mechanical engineering and a first submission of plans to the city with corrections noted, significantly reducing the upfront time and cost associated with early-stage development. The proposed project consists of a 30-unit apartment building comprised of efficiently designed one- and two-bedroom units tailored to the strong demand for attainable housing in Portland's close-in eastside neighborhoods. *Square footage and bedroom count need to be verified by buyer.

Location

State OR

County Multnomah

Area _143

Interior

Heating Forced Air

Exterior

Garage Spaces 1.0

Garage No

Building

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Vestal

Middle Schools Harrison Park

High Schools Leodis Mcdaniel

Others

Senior Community No

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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