Developer opportunity to purchase a fully entitled shovel-ready multi-family development site located in NE Portland. Permitted plans include 2 three-story wood frame apartment buildings with a total of 31 units. All of the units have exterior walk-up entries.Level 0.31 acre "L"-shaped lot. Zoning RM1. Lot dimensions: 50' at front, 100' at rear, 185' deep. Access and frontage on NE Prescott Street.Investment Highlights:Approved plans, ready to develop immediately.Wood frame design - limit construction costs without steel or concrete.Ideal inner NE Portland location for rental units.
Property Details
Property Features
Listing Office:
Office Name: Knipe Realty ERA Powered
Office Phone: (503) 201-8537
Listing Agent: Daniel Silvey
Exterior Features
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot: Cleared
Lot Size: 0.31 Acres
Other
Directions Information:
Directions: NE Prescott, west of NE 42nd Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $1,700,000
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Housing Market Comparison
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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
5
/10
Rigler School
5401 NE Prescott St
Distance between this listing and this school0.50 miles
Public District Grades KG-5
10
/10
Alameda Elementary School
2732 NE Fremont St
Distance between this listing and this school1.10 miles
Public District Grades KG-5
6
/10
Scott Elementary School
6700 NE Prescott St
Distance between this listing and this school1.14 miles
Public District Grades KG-5
Nearby Schools
7
/10
Beaumont Middle School
4043 NE Fremont St
Distance between this listing and this school0.50 miles
Public District Grades 6-8
5
/10
Faubion School
2930 NE Dekum St
Distance between this listing and this school1.31 miles
Public District Grades PK-8
8
/10
Vernon Elementary School
2044 NE Killingsworth St
Distance between this listing and this school1.33 miles
Public District Grades KG-8
Nearby Schools
2
/10
Alliance High School
4039 NE Alberta Ct
Distance between this listing and this school0.27 miles
Public District Grades 9-12
8
/10
Grant High School
2245 NE 36th Ave
Distance between this listing and this school1.25 miles
Public District Grades 9-12
9
/10
Benson Polytechnic High School
546 NE 12th Ave
Distance between this listing and this school2.60 miles
The neighbors living near this home have an average income of $63,184. The majority of Portland, OR residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4381 NE Prescott St
What is the listing price of this property?
The listing price of 4381 NE Prescott St property is $1,700,000.
What type of property is this?
The property 4381 NE Prescott St is land located in Portland, Oregon, 97218.
Is this property for sale now?
Active Listing: 4381 NE Prescott St is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 4381 NE Prescott St in Portland, OR and zip code 97218 in the Steigerwald Addition neighborhood. This home sits on a 0.31 acre lot. It has been listed on Rocket Homes since September 18, 2023 and is currently priced at $1,700,000.
In November 2024 more than 253 listings in Portland, OR were sold above the asking price. During the same period more than 166 listings were sold at asking price, while more than 320 were sold below. The inventory of homes for sale in Portland, OR between October 2024 and November 2024 decreased by 11.9%. Listings spent 54 days on the market in November 2024, and had a median list price of $542,392 during the same period.
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. 
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