16434 Ne Multnomah St, Portland, OR

$350,000

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3

Beds

1

Bath

1,580

Square feet

0.36

Acres

About 16434 Ne Multnomah St

Development opportunity with multiple possibilities on the Gresham boarder! This 15,555 sq ft (.36-acre) LDR-7 zoned parcel offers flexibility for builders, developers, investors, or buyers looking for a unique project. Explore development configurations including 2 single-family homes, duplexes, triplexes, quadplexes, townhomes, or a cottage cluster with up to 9 cottages, subject to City of Gresham approval and applicable development standards. The mostly level, rectangular lot offers approximately 85 feet of frontage on NE Multnomah St, creating a versatile footprint for redevelopment. The existing residence is connected to city sewer and water, with services connected at Multnomah Street. A conceptual 4-unit townhome layout is available to illustrate one potential configuration. Not ready to start from scratch? The existing residence and 2 car tandem garage also offer potential for an extensive fixer/renovation project, with the possibility of creating a home with up to 5 bedrooms and 2.5 bathrooms on a large private lot. Whether you envision renovating the existing property, building two single-family homes, or maximizing the site with middle housing, this property offers several paths to explore. Conveniently located near shopping, dining, parks, I-84, and major commuter routes. Developer packet available upon request. Buyer to complete all due diligence and verify zoning, utilities, development potential, unit count, renovation possibilities, and intended use with the appropriate governing agencies.

Features of 16434 Ne Multnomah St

MLS® # 258105365
Price $350,000
Bedrooms 3
Bathrooms 1.00
Full Baths 1
Square Footage 1,580
Acres 0.36
Year Built 1952
Type Residential
Sub-Type Single Family Residence
Style Daylight Ranch
Status Active

Community Information

Address 16434 Ne Multnomah St
Area 142 - Portland Northeast
City Portland
County Multnomah
State OR
Zip Code 97230

Amenities

Parking Spaces 2
Parking Driveway, On Street
# of Garages 2
Garages Attached, Extra Deep, Tandem
Is Waterfront No
Has Pool No

Interior

Interior Features Wood Floors
Heating Other
Cooling Wall Unit(s)
Fireplace No
# of Stories 2
Has Basement Yes
Basement Partially Finished, Daylight

Exterior

Exterior Cedar, Shake Siding
Exterior Features Fenced, Yard
Lot Description Level, Trees
Windows Wood Frames
Roof Shingle
Foundation Concrete Perimeter

School Information

Elementary Wilkes
Middle H.B. Lee
High Reynolds

Additional Information

Date Listed September 18th, 2026
Days on Market 4
Short Sale No
RE / Bank Owned No

Listing Details

OfficePremiere Property Group, LLC

Listing Map

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