Multi-Family $ 250,000

5581 NE Simpson ST

Portland, OR 97218

  • 8,712 Lot Size
  • - Year Built
Offer deadline 1/31/2026 @ 5PM. Start building NOW! Don't miss this opportunity to purchase a .20 acre (8500 sqft) lot with FULLY APPROVED PERMITS. LTIC fees have been paid, with no additional right-of-way improvements necessary. Drawing set ready to build 4-townhome, 1100 sq ft units, 2beds, 2.1baths, assigned off-street parking per unit, private patios, & generous fenced yards. Units are eligible for SDC exemption program. This lot is located on a quiet bike street with quick access to parks, PDX airport, Cascade Station, Fremont, Concordia, Kennedy School, grocery stores, breweries, coffee shops, and food carts. Great for commuters with quick access to I-205 and I-84.
Listed by Keller Williams Realty Professionals

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Multi Family

    Listing Status Active

    Purchase Type For Sale

    Subdivision Cully Neighborhood

    MLS Listing ID 556164386

    HOA Y/N No

    Lot Size 8,712 Sqft

    Property Sub-Type Multi Family

  • Location

    State OR

    County Multnomah

    Area _142

    Zoning R5

  • Building

    Lot Description Flag Lot

  • Exterior

    Utilities Available CableAvailable, ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, PublicSewer, WaterAvailable

    Garage No

  • Schools

    Elementary Schools Rigler

    Middle Schools Beaumont

    High Schools Leodis Mcdaniel

  • Others

    Acceptable Financing CallListingAgent, Cash, Conventional

    Listing Terms CallListingAgent, Cash, Conventional

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