10626 E BURNSIDE St, Portland, OR 97216

$900,000 Asking Price

3 beds
2 baths
1,709  sqft
Built in 1939

Fantastic multifamily development opportunity in RM-3 zone. Great frontage on E. Burnside and easy access to transit. See attached zoning code for details. Buyer to do own due diligence for development.RM-3 zoning highlights: 65'maximum height, up to 6 stories. 2:1 FAR increasing to 3:1 with bonus provisions such as affordable housing. Parking not required for up to 30 units on small sites up to 10,000 ft² or on sites near frequent transit.


Features & Amenities

Interior

Heating:
Hot water
Fireplace:
Fireplace, Fireplaces: 1

Exterior

General:
Wood siding
Style:
Stories 1
Parking:
Parking spaces: 1

Construction

Roofing:
Composition

Location

Originating MLS:
Regional Multiple Listing Service, Inc.
County:
Multnomah

Lot

Zoning:
THR, KILWORTH AC, INC VAC ST LOT 19, R197991

Utilities

Water:
Public Water
Sewer:
Public Sewer

Financial

Source:
Regional Multiple Listing Service, Inc.

This listing courtesy of:
24/7 Properties, David Raines

About Portland, OR

Housing

Number of Units
428,822
Median Home Value
$473,531
Median Rent
$1,251

43.72% of housing units are renter occupied.

5.89% are vacant.

Commute

Car
46.63%
Public Transportation
6.64%
Walk to Work
3.11%
Work from Home
40.47%
Other
0.60%

The median travel time to work is 17 minutes.

People

Population
933,432
Median Age
38.50
Median Household Size
2.55

Education

High School
15.24%
Associate’s Degree
6.78%
Bachelor’s Degree
30.17%
Graduate Degree
20.64%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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