1624 E Portland St

Investment Overview

This ±1.34-acre infill site offers an entitled, shovel-ready multifamily opportunity in one of Phoenix's most active urban corridors. Approved for 17 townhomes for rent and located within both an Opportunity Zone and a Qualified Census Tract, the property is ideally timed for a developer looking to position ahead of the next multifamily cycle — as the Phoenix pipeline thins and demand fundamentals reassert. C-2 zoning also supports a range of alternative uses — including self-storage, specialty or high-end vehicle storage, and other commercial concepts — for investors seeking flexibility. With direct I-10 access, proximity to Roosevelt Row, and a wave of residential development actively underway in Downtown Phoenix, this site is well-positioned for a developer ready to move.

Investment Highlights

• Approved for 17 Townhomes for Rent
• Located in an Opportunity Zone and Qualified Census Tract
• Near Roosevelt Row and DTPHX
• Positioned Ahead of the Next Multifamily Cycle