Active
Courtesy of Renaissance Development Corp.
Photograph 1 of 6
10,019 Sq.Ft. Lot
7062 NE M L King Blvd, Portland
$599,000
ActiveMLS®: 178362334
- Lot size
- 10,019 sqft
- Property type
- Land
- Days on market
- 10
Overview
Excellent investment and development opportunity! Four platted lots ideally positioned at the corner of Morgan and MLK. Zoned CM2 and located in a high-visibility, high-traffic area. Property currently generates rental income from the car lot tenant, along with billboard income, providing holding income while planning for future development. Contact your agent for developer packet and additional property information. PLEASE DO NOT DISTURB TENANTS.
Details
Interior
- Cooling
- No
- Heating
- No
Exterior and lot
- Lot size
- 10,019 sqft
- Lot features
- Corner Lot
- View
- Yes
- View description
- Territorial
Schools
- High school
- Jefferson
- Middle school
- Ockley Green
- Elementary school
- Woodlawn
Location
- City
- Portland
- County
- Multnomah
- Zoning
- CM2
Taxes and dues
- Annual taxes
- $2,918 (2025)
Location
7062 NE M L King Blvd, Portland, OR 97211
Monthly payment estimate
$3,431 /mo
20% · $119,800
7.00%
- Principal and interest
- $3,188
- Property tax (2025)
- $243
- Total
- $3,431
Estimate only, and not an offer of credit. Assumes 20% down ($119,800) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.
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