$1,499,000

This 1-acre parcel of land is on a quiet side street just off of E Burnside and is ideal for multi-family development. Offsite permit concept approved, only an 8? dedication is required along 151st, and no Couch St extension. It is one block from the E Burnside 148th Ave MAX Station and it has RM2 zoning which allows medium-density development without a commercial requirement. Typically this zoning allows a 45' height max. but this area allows up to 100'. The base FAR is 1.5:1 but it can go up to 3:1 using the deeper housing affordability bonus. The neighborhood is undergoing rapid development with over 300 units recently completed or under construction. Don't miss this opportunity to be a part of rapidly developing NE Portland.