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Portland 97211 Woodlawn
7062 NE M L KING BLVD
$699,000
Land - For Sale

7062 NE M L KING BLVD

Portland, OR 97211
bedrooms
Studio
bathrooms
0 Bath
$3,658
Estimated Monthly
$0
HOA / Fees
1.19%
Cap Rate

About This Property

Excellent opportunity for investor/developer to own 4 platted lots on the corner of Morgan and MLK!  Zoned CM2 -Great traffic area. Currently generating income from car lot and billboard which is great for future investors while awaiting development. Call for developers packet.  PLEASE DO NOT DISTURB TENANTS.
Unit Size
-
Days on Market
366 days
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$225
HOA Dues
-
Year Built
1978
Listed By
Cindy Somsanith
Farrell Realty & Property Management, Inc
Last updated: 3 months ago (RMLSOR #23670268)

Price History

Date / Event Date Event Price
Apr 27, 2023 Listed by Farrell Realty & Property Management $699,000
Listed by Farrell Realty & Property Management

Property Highlights

Building Info

Overview

    General

  • Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 0
  • Basement Area: 0
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 576
  • Gross Building Area: 576
  • Building Area: 576
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 576
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: EL TOVAR
  • Land Acres: 0.23
  • Legal Description 1: EL TOVAR, BLOCK 9, LOT 1-4, LAND & IMPS SEE R155331 (R241802311) FOR BILLBOARD

Ownership

  • Current Owner : SBT LLC
  • Previous Owner : FARRELL COLLIN D
  • Owner Before Previous Owner: FARRELL MARK J
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Portland School District 1J
  • Census Tract: 003601

Zoning

  • Zoning: CM2

Geography

  • Account Number: R241802310
  • Parcel: R155330
  • Block: 9
  • Lot: 1-4
  • Latitude: 45.5742
  • Longitude: -122.661

    Address

  • Full Address: 7062 Ne M L King Blvd
  • Address - House Number: 7062
  • Street Direction: NE
  • Address - Street Name: M L King
  • Address - Suffix Type: Blvd
  • State: OR
  • City Name: Portland
  • Carrier Code: C031
  • 4-Digit Zip Code: 2924
  • Zip Code: 97211

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,705
  • Tax Rate Code Area: 710

    Market Valuation

  • Market Total Value: $704,880
  • Market Land Value: $600,000
  • Market Improvement Value: $104,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $102,090

    Sales

  • Current Sale Contract Date: Mar 02, 2015
  • Current Sale Recording Date: Mar 17, 2015
  • Current Sale Transaction ID: 1101760377
  • Current Sale Price: $51,999
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2015-028320
  • Previous Sale Recording Date: Mar 17, 2015
  • Previous Sale Contract Date: Mar 02, 2015
  • Previous Sale Amount: $51,999
  • Previous Sale Document Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$635,000 Jul 18, 2023
-
$428/mo
Multifamily
Stu
-
2,344 ft²
$333/ft²
$779,900 Nov 3, 2023
-
$602/mo
House
4 Beds
2.5 Baths
3,199 ft²
$195/ft²
$625,000 Dec 4, 2023
-
$429/mo
Condo
3 Beds
2.5 Baths
1,703 ft²
$338/ft²
$575,000 Dec 1, 2023
-
$624/mo

About Northeast Coalition of Neighborhoods


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Frequently Asked Questions

When was property at 7062 Northeast Martin Luther King Jr Boulevard built and last sold?
The property at 7062 Northeast Martin Luther King Jr Boulevard was built in 1978 and last sold on Mar 2, 2015 for $51,999.
How much is this home worth?
The estimated value of the home located at 7062 Northeast Martin Luther King Jr Boulevard is $705,990.
What are some comparable homes to 7062 Northeast Martin Luther King Jr Boulevard?
Homes that are comparable to 7062 Northeast Martin Luther King Jr Boulevard include a land property at 1670 Northeast Lombard Street, a multifamily property at 6225 Northeast 14th Avenue, a house property at 236 Northeast Holman Street.

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