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
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.