SE Steele Street Multifamily Development Land

The subject property consists of 4 tax parcels totaling approximately 2.0428 acres (88,986 SF), with no current entitlements in-place. The subject property offers investors/developers an opportunity to acquire well located development parcels with flat topography, utilities at the street and potential to build approximately 90 units with a mix of multifamily and single family residential. “Powellhurst-Gilbert is located in Southeast Portland and is one of the city’s largest neighborhoods by both area and population. Today, Powellhurst- Gilbert is characterized by a blend of older homes, newer developments, and large sections of green space, reflecting both its agricultural past and ongoing growth.The subject property consists of 4 tax parcels totaling approximately 2.0428 acres (88,986 SF), with no current entitlements in-place. The subject property offers investors/developers an opportunity to acquire well located development parcels with flat topography, utilities at the street and potential to build approximately 90 units with a mix of multifamily and single family residential. “Powellhurst-Gilbert is located in Southeast Portland and is one of the city’s largest neighborhoods by both area and population. Today, Powellhurst- Gilbert is characterized by a blend of older homes, newer developments, and large sections of green space, reflecting both its agricultural past and ongoing growth. • Continued population growth expected, driven by affordability compared to central Portland neighborhoods • Ongoing investment in infrastructure and public transit, improving access for residents and businesses • Increasing interest from small businesses and retail due to rising residential density • Potential for growth in health care, social services, and multicultural retail, reflecting the area’s diverse population