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
219390238
SingleFamilyResidence
8
DOM
3
5227.2 SqFt
3.5
2000
1947
Multnomah
R695855
Vestal
Harrison Park 4/10
Leodis McDaniel
Residential
SingleFamilyResidence
TERRACE PK, BLOCK 10, LOT 14
Listing Provided Courtesy of Ian Crist, Bridge Creek Realty
Krishna Realty data last checked: Apr 27, 2026 04:01 | Listing last modified Apr 14, 2026 13:53,
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Residence Information
1000
1000
0
2000
NA
2000
3
3
1
3.5
1,
Other
2
1947
No
Other
Features and Utilities
ForcedAir
PublicSewer
Electricity
Financial
2194.93
0
Assumable,Cash,Conventional
04-06-2026
1962
No
No
Comparable Information
8
21
Assumable,Cash,Conventional
$1,100,000
$1,100,000
Apr 14, 2026 13:53
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.
