12041 SE OAK ST Portland, OR97216

Rare 10,000 SQFT parcel zoned RM3; prime for building a medium to high-density multi-family structure. Minimum of 8 units required on parcel w/ no maximum allowance of units just floor to area ratio requirements to be met. Allowed housing is characterized by mid-rise buildings, typically from 3-6 stories. Increasing to 3:1 with bonus provision such as affordable housing. No parking requirement for new build. High percentage of building coverage possible in RM3 zoning. Buyer to do due diligence.

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