Prime Development Opportunity in Portland’s Thriving Market.Investors, builders, and developers – this is your chance to capitalize on a rare opportunity in the heart of Portland! Situated on a spacious 0.26-acre lot, this property is zoned RM1 in Multnomah County, making it ideal for multi-family development. Priced competitively, this lot is ripe for transformation into a high-demand residential complex.Key Features:Zoning: RM1 – Perfect for multi-family units, townhomes, or apartment buildings. Lot Size: 0.26 acres – ample space for creative development and maximizing ROI. Location: Prime SE Portland location, offering convenient access to local amenities, schools, parks, and public transportation. Potential: The RM1 zoning allows for the development of up to four stories of residential units, catering to the increasing demand for housing in Portland's bustling real estate market. Neighborhood: Located in a vibrant community known for its strong rental market, this property promises steady rental income and long-term growth potential.Why This Property?Strategic Investment: Portland’s real estate market continues to flourish, with high demand for well-located, multi-family properties. This lot offers investors the perfect opportunity to build and capitalize on this trend. Flexible Development Options: Whether you envision modern townhomes, a boutique apartment building, or a mixed-use development, this property’s zoning and lot size offer incredible flexibility. High ROI Potential: The combination of location, zoning, and lot size makes this property a high-yield investment. Develop a property that will attract long-term tenants and provide consistent rental income. Don’t miss out on this exceptional development opportunity in one of Portland’s most sought-after neighborhoods. Contact us today to schedule a viewing or to discuss the potential this prime property holds for your investment portfolio.Act Now – Opportunities Like This Don’t Last Long!
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Realty Professionals
Office Phone: (503) 546-9955
Listing Agent: Lyndon Hansen
Exterior Features
Exterior Information:
Waterfront: Seasonal
View: Mountain(s), Seasonal View
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.26 Acres
Other
Directions Information:
Directions: Powell to L on SE 69th Ave
Price Information
Listing Price Info
Price Summary:
List Price: $649,500
Tax Information:
Annual Amount: $5,954
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Portland, OR.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 6:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$5,954
$233,060
2018
$5,566
$219,690
2017
$5,335
$213,300
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,309
Per Month
Principal & Interest
$3,242
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,014
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Atkinson Elementary School
5800 SE Division St
Distance between this listing and this school0.76 miles
Public District Grades KG-5
8
/10
Arleta Elementary School
5109 SE 66th Ave
Distance between this listing and this school0.83 miles
Public District Grades KG-5
4
/10
Marysville Elementary School
7733 SE Raymond St
Distance between this listing and this school0.88 miles
Public District Grades KG-5
Nearby Schools
6
/10
Bridger Elementary School
7910 SE Market St
Distance between this listing and this school1.01 miles
Public District Grades KG-8
5
/10
Harrison Park Middle School
2225 SE 87th Ave
Distance between this listing and this school1.05 miles
Public District Grades 6-8
8
/10
Creative Science K-8 School @Clark
1231 SE 92nd Ave
Distance between this listing and this school1.54 miles
Public District Grades KG-8
Nearby Schools
7
/10
Franklin High School
5405 SE Woodward St
Distance between this listing and this school0.75 miles
Public District Grades 9-12
6
/10
Leodis V. McDaniel High School
3905 SE 91st Ave
Distance between this listing and this school1.05 miles
Public District Grades 9-12
5
/10
Cleveland High School
3400 SE 26th Ave
Distance between this listing and this school2.25 miles
The neighbors living near this home have an average income of $51,008. Typical income of Portland, OR residents is between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3411 SE 69th Ave
What is the listing price of this property?
The listing price of 3411 SE 69th Ave property is $649,500.
What type of property is this?
The property 3411 SE 69th Ave is land located in Portland, Oregon, 97206.
Is this property for sale now?
Active Listing: 3411 SE 69th Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $5,954 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 3411 SE 69th Ave in Portland, OR and zip code 97206 in the Southeast Portland neighborhood. This home sits on a 0.26 acre lot. It has been listed on Rocket Homes since August 31, 2024 and is currently priced at $649,500.
In October 2024, from all listings sold in Portland, OR there were more than 298 sold above asking price, over 339 sold below and more than 212 were sold right at the asked price. In October 2024 in Portland, OR there were 4.2% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $541,309, while the average time on the real estate market was 48 days.
From Rocket Homes Real Estate and based on county public records data.
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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 
Tennis
Tennis
Hiking/backpacking
Crate & Barrel
Nordstrom Rack
Bloomingdales
Starbucks
The Cheesecake Factory
Jack In The Box
BMW
Volvo
Audi
News
Alternative
Jazz