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.
Listing Provided Courtesy of Ian Crist, Bridge Creek Realty
General Information
178104165
MixedUse
26
DOM
CM2
Multnomah
R695855
Vestal
Harrison Park 4/10
Leodis McDaniel
Land
MixedUse
TERRACE PK, BLOCK 10, LOT 14
Listing Provided Courtesy of Ian Crist, Bridge Creek Realty
Krishna Realty data last checked: May 02, 2026 18:37 | Listing last modified May 01, 2026 16:11,
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Residence Information
No
Features and Utilities
Financial
2194.93
0
Cash
04-06-2026
No
No
Comparable Information
26
26
Cash
$1,100,000
$895,000
May 01, 2026 16:11
Schools
Elementary : VestalN/ARatingspublic Middle : Harrison Park
4/10Ratings High : Leodis McDanielN/ARatings
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.
