5445 NE 64th Avenue
Portland, OR
Asset Summary
Located in the vibrant and burgeoning Cully Neighborhood of Northeast Portland, this prime land site presents a compelling shovel-ready development opportunity. With approved plans for an 11-unit townhome development, the property boasts RM1 (Residential Multi-Dwelling) zoning, offering a versatile canvas for various residential uses. RM1 zoning caters to low-scale multi-dwelling structures, perfectly aligned with the surrounding single-dwelling residential areas, and allows for diverse housing options including duplexes, rowhouses, courtyard housing, and small apartment buildings.
Well-positioned near primary transitways Sandy Boulevard and Interstate 205, the property ensures seamless connectivity to key destinations within Portland and beyond. Additionally, its proximity to lifestyle amenities including parks, schools, restaurants, and the bustling downtown Portland further enhances its appeal. With its ideal location and flexible zoning, this land site presents an opportunity for developers to capitalize on the burgeoning demand for housing in Portland’s dynamic real estate market.