E Burnside St, Portland, OR 97216

Portland
Local realty services provided by:Columbia River Realty ERA Powered
E Burnside St,Portland, OR 97216
$4,500,000
  • 2.3 Acres
  • Lots / Land
  • Active
Listed by: cornell mann
Office: great western real estate co
MLS#:508452690
Source:PORTLAND

Price summary

  • Price:$4,500,000

About this home

This rare nine-lot assemblage presents a significant multifamily development opportunity in a highly desirable transit-oriented location. The combined parcels total approximately 100,190 square feet and are zoned RM3, allowing for substantial residential density and long-term upside potential. Under current zoning, the site supports development of approximately 100 market-rate units. By utilizing the 3:1 FAR base ratio and taking advantage of available density bonuses for affordable housing, the development potential increases dramatically to a higher number of units. Qualifying projects may also benefit from no minimum parking requirements, providing greater flexibility in site planning and improved project efficiency. The property is ideally situated with excellent access to light rail, multiple bus lines, parks, shopping, and restaurants. This strong connectivity enhances long-term rental demand and positions the site well for both market-rate and affordable housing development. In...

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Home facts

  • Listing ID #:508452690
  • Added:17 day(s) ago
  • Updated:March 14, 2026 at 11:23 AM

Structure and exterior

  • Lot area:2.3 Acres
  • Lot Features:Light Rail

Schools

  • High school:David Douglas
  • Middle school:Floyd Light
  • Elementary school:Ventura Park

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$4,500,000
  • Tax amount:$40,025 (2025)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Columbia River Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: March 14, 2026

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