40 NE Marine Drive

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40 NE Marine Drive

PORTLAND, OR 97211-1112
Asking Price
$1.60M
Asset Type
Residential Land
Class
Class B

What's Special

<p><strong><u>Property Overview</u></strong></p><p></p><ul><li>​<span style="color: rgba(0,0,0,var(--O42jJQ,1))">Subdivision potential for approximately 10,000 SF single-family lots</span></li><li>​<span style="color: rgba(0,0,0,var(--O42jJQ,1))">Suitable for duplex, triplex, or fourplex configurations</span></li><li>​<span style="color: rgba(0,0,0,var(--O42jJQ,1))">Strong candidate for phased build-to-sell residential development</span></li><li>​<span style="color: rgba(0,0,0,var(--O42jJQ,1))">

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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124

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