5340 SE Milwaukie Ave

06-10-2022
06-10-2022

5340 SE Milwaukie Ave, Portland, OR 97202

  • Unique development opportunity with strong in-place income
  • Large two-bedroom floor plans
  • Fantastic location with easy access to downtown Portland and the Sellwood neighborhood.
  • Unobstructed views of Oaks Bottom Park and the Willamette River to the west and Mount Hood to the East
  • Off-street parking and green space

Property Description

This very well-maintained 8-unit building has been a reliable income producer for many years. The current building provides a developer or owner to purchase with traditional financing while generating cash flow during the planning and development process for a larger asset, combining a trophy development opportunity with flexible timing. The property is zoned RM4, allowing for high-density residential development of 7-10 stories.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 2,000,000
No. of Units
8
Year Built
1963
Building Size
6,400 Sq ft
Lot Size
10355 sq ft
No. of Stories
2
Opportunity Zone
No
Price per unit
$ 250,000
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45.484067, -122.64918

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