Oregon presents a great opportunity for multifamily development due to its steady population growth and strong demand for affordable housing. With Portland being one of the fastest-growing cities in the country, developers are turning their attention to the state's other major cities such as Eugene, Salem, Bend and in between, where there is a significant need for multifamily housing.
We currently have two great parcels of land that are ready to be developed.
Creswell, Oregon:
Great opportunity for future development on 3.14 acres of land in Creswell, OR. Property borders city limits in prime location next to Creswell High School. The City is supportive of annexation and future development in this area for high density residential. Preliminary plans available for a 6 building apartment complex with at total of 72 units. Could be developed for single or multifamily. Existing shop and outbuildings on the property. Noted wetlands will need to mitigated if developed.
5.56 acres of multifamily development land available in Sweet Home, OR. Just off the Santiam Hwy and located near Foster Lake. Preliminary plans available for a 10 building, 80 unit, multi-family apartment complex. Adjacent to newly built 40 unit complex. Zoning is Commercial Highway (C2) which allows for a variety of permitted uses. Seller will consider constructing the apartments depending on terms and conditions.
James Hauge
Principal Broker
(503) 877-2101 call or text
jamesh@legacyre.com
