4001 Cully, Portland, OR 97213
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
4001 Cully,Portland, OR 97213
$1,000,000
- 0.54 Acres
- Lots / Land
- Active
Listed by: parvaneh kalantari
Office: vitality home realty503-260-1003
MLS#:160464712
Source:PORTLAND
Price summary
- Price:$1,000,000
About this home
±0.54 AC opportunity for developers seeking high-density CM2-zoned land in NE Portland.We are pleased to present a ±0.54-acre development opportunity along NE Cully Blvd in Portland’s established Cully neighborhood. Zoned CM2 (Commercial Mixed Use 2), the site is ideally suited for multifamily or mixed-use development, allowing 58,917–94,268 SF of potential building area through a 2.5:1 FAR, or up to 4:1 FAR with bonus provisions. The property includes two existing structures that are considered candidates for removal, offering a strong redevelopment opportunity. The site's development potential is further enhanced by the City's temporary suspension of System Development Charges (SDCs) for qualifying multifamily projects, creating a compelling opportunity to improve project economics.The property benefits from strong market fundamentals, including access to major transportation corridors, public transit, employment centers, neighborhood retail, and recreational amenities. The strategic NE Portland location supports long-term renter demand and stable occupancy, making it an attractive opportunity for developers and investors seeking multifamily development sites.Nearby neighborhoods such as Concordia, Beaumont-Wilshire, and Rose City Park further enhance the area's appeal, providing access to a larger residential base and a wide range of community amenities. Downtown Portland, the Alberta Arts District, and the Hollywood District are all within a short drive, offering convenient access to some of the city's most vibrant dining, entertainment, retail, and employment destinations.With its central NE Portland location, proximity to major transportation infrastructure, and access to established neighborhood amenities, the property is well-positioned for future mixed-use development and long-term investment. Combined with CM2 zoning flexibility, strong renter demand, and favorable development economics, the property represents a unique opportunity for developers....
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Home facts
- Listing ID #:160464712
- Added:4 day(s) ago
- Updated:August 24, 2026 at 11:39 AM
Structure and exterior
- Lot area:0.54 Acres
Schools
- High school:Jefferson
- Middle school:Beaumont
- Elementary school:Boise-Eliot
Finances and disclosures
- Price:$1,000,000
All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Realty Partners are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: August 24, 2026New listings near 4001 Cully
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