6968 N MONTANA AVENUE 6,901 Square Feet 0.16 Acres in North Portland

6968 N Montana Ave

Investment Real Estate • www. hfore.com • (503) 241.5541 0.16 ACRES • PORTLAND,

PRICING The land site at 6968 N. Montana Avenue Price: Call for pricing is an ideal infill development site for multifamily construction. Per Square Foot: Call for pricing Nestled away in the growing, close-in PHYSICAL INFORMATION Arbor Lodge neighborhood of North Portland, the Montana Avenue site is just Total Acreage: 0.16 four blocks away from the region’s light Sq. Ft.: 6,901 rail line – which provides convenient mass City: Portland transit access to downtown Portland and County: Multnomah the greater metropolitan area. Several major grocery store chains, schools and Zoning: RM3 with a Design (d) Overlay parks are also within walking distance of Height Limit: 65' the property. FAR: 2:1 (3:1 with bonus provisions) The zoning of 6968 N. Montana Avenue Comprehensive Plan MD-U – Multi-Dwelling – Urban is intended to accommodate medium to Center high-density residential development Plan District North Interstate near the central city, station areas and TAX INFORMATION along civic corridors like that of N. Parcels: R171867 Interstate Avenue. Generally, the zoning allows a density of 2:1 FAR by right (3:1 with bonus provisions) and a height limit of 65 feet. Parking is not required for projects with fewer than 30 units. The property also falls FOR MORE INFORMATION within the Interstate Corridor Urban Renewal Area – a 3,990-acre swath of land created Main Contacts: by Portland’s economic development agency to spur mixed-use development and Lee Fehrenbacher • [email protected] investment along the line. Jack Stephens • [email protected] Greg Frick • [email protected] Other Contacts: Rob Marton • [email protected] Tyler Johnson • [email protected] Adam Smith • [email protected] Todd Tully • [email protected] Steve Wendt • [email protected] Peyton King • [email protected] Michelle Swan • [email protected] 2 HFO INVESTMENT REAL ESTATE Downtown Portland Lloyd District

N Rosa Parks Way

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6968 N Montana Ave N Montana Ave

3 South Waterfont District Downtown Portland Lloyd District

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N Montana Ave

6968 N Montana Ave

4 HFO INVESTMENT REAL ESTATE Vancouver Waterfont Hayden Island

N Rosa Parks Way

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N Montana Ave 6968 N Montana Ave

6968 N MONTANA AVE • PORTLAND, OR 5 PORTLAND MARKET SNAPSHOT PORTLAND METRO AREA The Portland Metro Area is one of the strongest apartment markets in the 4.6%* 37.6%** nation, as reflected in strong year-over- Metro-area vacancy Metro area renter- year rent growth and consistently tight occupied housing rate vacancy. New apartment construction has not caught up to the housing demand created by in-migration. $76,231 15,935 4,581 Median household New Portland Portland residents income** residents*** per square mile*** (2019) (2018-2020)

54% #2 Millennials 25-34 in Portland In-migration rank with a bachelor’s degree or higher among in US states**** (2019-2020)

*U.S. Census Bureau, 4th quarter 2020 **Latest figures available from the U.S. Census Bureau American Community Survey (2019) ***Portland State University Center for Population Research and Census ****United Van Lines annual survey (2019 and 2020 results)

6 HFO INVESTMENT REAL ESTATE LOCATION

COLUMBIA RIVER Jantzen Beach Center SMITH LAKE

Heron Lakes Golf Club N Marine Dr

N Columbia Blvd Historic Vanport 5 Columbia Edgewater Country Club

N Columbia Blvd Portland International Hayden Meadows Square Raceway

N Willis Blvd Riverside Golf & Country Club N Interstate Ave Kenton Park N Columbia Blvd

N Lombard St 30B

6968 N Montana Ave

Peninsula Park Rose Garden

6968 N MONTANA AVE • PORTLAND, OR 7 NEARBY VICINITY

N Columbia Blvd Farragut City Park

N Lombard St 30B N Denver Ave

6968 N Montana Ave

Woodlawn City Park Yellow MAX Line 99E

Rosa Park Way NE 15th Ave N VancouverAve

Peninsula Park N Ainsworth St Rose Garden N Interstate Ave

5

N Killingsworth St Luther Blvd King Jr NE Martin N Albina Ave Lucky Labrador Tap Room

N St ALBERTA

8 HFO INVESTMENT REAL ESTATE TRANSPORTATION SYSTEMS PUBLIC TRANSIT The Portland/Vancouver metro area including Clackamas county and The was completed 2009 connecting Clackamas, along the City of Happy Valley, is well served by an outstanding public transit Interstate 205, to the Gateway Transit Center. The 8.3 miles of track system. In 2015, TriMet, the area’s public transit agency, made a number provides transportation between 8 additional stations before connecting of upgrades to the area’s transit options. These upgrades addressed the to the previously built I-84 track. concerns of residents and workers who depend on bus and light-rail train service to get to and from jobs, schools and other daily events. • The Blue Line continues through downtown Portland to the cities of Beaverton and Hillsboro The land site is four blocks from a MAX Yellow Line transit station. • The terminates at the Portland International Airport The MAX Blue Line was the first of the light rail’s five separate projects to be • The Green Line connects to built, and was the first federally funded light rail project that used money • The Orange Line is the MAX’s newest extension and connects to the City initially earmarked to build freeways. The initial 15 miles of the Blue Line of Milwaukie opened in 1986, with 30 rail stops that connect downtown Portland with W I the City of Gresham. L L A M

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MAX Blue Line MAX Green Line MAX Orange Line MAX Red line DOWNTOWN MAX Yellow Line PORTLAND GRESHAM HILLSBORO BEAVERTON

Portland Streetcar A Loop B Loop Portland Streetcar North South Line CLACKAMAS

6968 N MONTANA AVE • PORTLAND, OR 9 HFO Investment Real Estate Passion • Collaboration • Specialization

2424 SE 11th Avenue • Portland, OR 97214 www.hfore.com • 503.241.5541

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. ©2020 HFO Investment Real Estate LLC. Build your legacy is a service mark of HFO Investment Real Estate.