$495,000

4224 N INTERSTATE Ave, Portland, OR 97217

Land
Built in ——
5,663sqft lot
—— car garage
$——/sqft
Listed 11 days ago

Property Description

Excellent development opportunity in in a well located area of Portland's Overlook neighborhood. There are a multitude of uses and development configurations allowed, but included in the sale are approved, previously permitted, and detailed plans for a mixed use 4 story structure with three retail spaces on the ground floor and a total of 15 apartments on floors 2-4. The zoning is CM3 which is a large scale commercial mixed use zone intended for sites close to the central city, in high capacity transit station areas or town centers and on civic corridors. Buildings in this zone can be up to seven stories.

Listing Status:: Active
Date Added:: February 17, 2026
Data Last Updated:: February 28, 2026 at 2:42PM
Listing Office:: Oregon Restaurant Realty LLC : 503-501-8154
Listing Agent:: Dave Norstedt : 503-717-2026
MLS ID:: 352608427

Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: CM3OVERLOOKBLOCK 1LOT 2-5&14&15 TL 5900R231458

Utilities: Electricity availableNatural gas availableSewer connectedWater connected

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Dave Norstedt , Oregon Restaurant Realty LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Boise-Eliot / Humboldt Elementary School

620 N Fremont St, Portland, OR, 97227

Grades PK-5

0.60 miles away

Ockley Green Middle School

6031 N Montana Ave, Portland, OR, 97217

Grades 6-8

0.88 miles away

Jefferson High School

5210 N Kerby Ave, Portland, OR, 97217

Grades 9-12

0.63 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.