8406 SE Clay – Montavilla News

Provision Investments is seeking a buyer for its 35-foot wide lot at 8416 SE Clay Street. The offer includes permitted plans for a three-story nine-unit apartment building. The project, proposed in 2022, could provide three studio and six one-bedroom residences ranging in size from 358 to 505 square feet. The property’s purchaser could opt not to build the planned multifamily building. However, the sellers priced it as a development-ready project, financially incentivizing a new owner to construct it as proposed.

This undeveloped lot was previously attached to 8406 SE Clay Street before its sale in April 2021. The proposed multifamily building would have featured a communal bike room and internal trash facilities. The Real Estate Flyer for the listing show plans supporting an internal stairwell with most units accessed from interior hallways. Permits and listing documents do not mention onsite parking, and at just 3,500 square feet, there is likely insufficient space to support automobile storage. This segment of SE Clay street is an under-improved road with no sidewalks or curbs, limiting curbside parking in this area. However, residents could utilize the 72 TriMet bus line within 900 feet of this apartment building.

Those interested in taking on this development should contact Darryl Bodle II with Keller Williams Realty at 503-709-4632. Property details are available on Zillow, including some building plans and site photographs. Any future work on this project will likely wait until the current owners sell this property. However, the development of this vacant Residential Multi-Dwelling zoned lot is all but certain.

Jacob Loeb

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Last April, Provision Investments purchased a 35-foot wide lot located east of 8406 SE Clay Street. The new owner intends to construct a three-story-tall structure containing nine residences. The new multifamily building will feature a communal bike room and internal trash facilities.

The project’s site contains one small shed but is otherwise undeveloped. Permit application 22-110546 did not mention onsite parking. However, at just 3,500 square feet, there is likely insufficient space to support automobile storage and nine residences. A significant number of driveways and poor pavement connotations limit curbside parking in this area. This segment of SE Clay street is an under-improved road with no sidewalks or curbs.

In the last few decades, developers added several new single-family homes along this street without installing sidewalks or curbs in front of their properties. Smaller developments in Portland can pay the Local Transportation Infrastructure Charge (LTIC) instead of building sidewalks. It prevents short segments of unconnected pedestrian paths and focuses developer money towards whole street improvements. In June 2020, Portland City Council expanded LTIC to cover multifamily buildings containing up to four units. This Clay Street project is over the limit and will likely need to create 35 feet of sidewalk and repair the roadway directly in front of the property.

Although this development may seem removed from transit options, it is just one block away from bus options on 82nd Avenue and near the bike-friendly SE Mill Street. Residents of these apartments may find the under-built infrastructure challenging. However, the project offers additional housing options that will meet the needs of some Portlanders looking for homes.

Jacob Loeb