E Burnside St

Portland, OR 97220

$4,500,000
Price
100,188 / 2.3
Lot Size / Acres
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Description

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...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 addition to its development potential, the property currently generates rental income, helping offset holding costs while development plans, entitlements, and permitting are pursued. This income component provides strategic flexibility during the planning phase. Opportunities of this scale, density, and transit accessibility are increasingly rare. This assemblage offers a compelling combination of current income, zoning flexibility, and substantial future development capacity in a growing corridor. Buyer to perform their own due diligence regarding development capacity, FAR bonuses, affordable housing incentives, and all zoning requirements.
  1. Listed by Cornell Mann • Great Western Real Estate Co • GreatWesternRE@gmail.com

Property Details for East Burnside Street

Zoning
RM3
LISTING UPDATED: 02/25/2026 10:20 AM

Property Details for East Burnside Street

StatusActive
MLS #508452690
Days on Market40
Taxes$40,025 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Multi Family
Year Built-
Lot Size2.30 AC
CountyMultnomah County
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Location

Listing Courtesy of Great Western Real Estate Co
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Building Information for East Burnside Street

Building Size-Lot Size2.30 AC

Payment Calculator

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$25,995 per month

30 year fixed, 6.46% Interest

Principal and Interest

$22,660

Property Taxes

$3,335

HOA Dues

$0

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Property Information for East Burnside Street

Summary
Location and General Information
  • Country: US
  • Directions: NE 118th
  • Road Surface: Paved
School Information
  • Elementary School: Ventura Park
  • High School: David Douglas
  • Middle Or Junior School: Floyd Light
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $40,025.00
  • Parcel Number: Not Found
  • Tax Legal Description: To follow
Property
Lot Information
  • Acres: 2.3
  • Lot Description: Light Rail
  • Lot Size Square Feet: 100188.0
  • Lot Size Dimension: 100,190 SF
  • Number Of Lots Total: 9
  • Current Use: Residential
  • Land Description: Level
  • Lot Size Range: Acres1to3
  • Lot Size: 1 to 2.99 Acres
Property and Assessments
  • Property Sub Type: Multi Family
  • Property Type: Land
Utilities
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Soil Condition: Native
  • Existing Structures Description: Residence
Amenities
Amenities Information
  • Internet Service Type: Cable

Schools near East Burnside Street

This home is within David Douglas School District 40.
Rating
School
Type
Grades
Distance
Ventura Park Elementary School
Public - PK to 5
Floyd Light Middle School
Public - 6 to 8
David Douglas High School
Public - 9 to 12
Arthur Academy
Charter - K to 5
Rating
School
Distance
Ventura Park Elementary School
PublicPK to 5

Floyd Light Middle School
Public6 to 8

David Douglas High School
Public9 to 12

Arthur Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about East Burnside Street, Portland, OR 97220

East Burnside Street is a 2.3 ac of land for sale in Portland, OR 97220. This property was listed for sale on February 24, 2026 by Great Western Real Estate Co, it's currently listed at $4,500,000. This listing's school district is David Douglas School District 40. Nearby schools include Ventura Park Elementary School, Floyd Light Middle School and David Douglas High School. East Burnside Street is a 0-bed, 0-bath, 2.3 ac of land on a 100,188 sq. ft. / 2.3 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Great Western Real Estate Co

All 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 Compass 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: 02/25/2026 10:20 AM