Exceptional value-add and redevelopment opportunity in the heart of North Park. The property is currently a 4-unit property situated on a 7,000 SF lot. Zoned RM-3-9 with approximately 600 SF per unit density, 2.7 FAR, and up to 60 feet of height, and located within both TPA and SDA overlay zones, the site offers significant multifamily development potential. Investors can pursue a near-term value-add strategy by updating units to achieve market-rate rents, with longer-term upside through expansion or higher-density redevelopment. With limited infill land available and ongoing demand for well-located multifamily housing, North Park continues to experience strong rent growth and long-term appreciation. This asset offers investors a flexible strategy to capture near-term cash flow while positioning for future redevelopment in a high-barrier-to-entry market.
Data was last updated March 17, 2026 at 01:10 PM (UTC)
Area Statistics
Listings on market:
135
Avg list price:
$1,950,000
Min list price:
$750,000
Max list price:
$18,000,000
Avg days on market:
56
Min days on market:
0
Max days on market:
344
These statistics are generated based on the current listing's property type
and located in
Metro Uptown. Average values are
derived using median calculations. This data is not produced by
the MLS® system.