Recent changes in zoning and land use regulations have created new opportunities for small-scale residential development across the greater Portland area. What was once a single-family lot can now support multiple detached homes, allowing for a more efficient use of land.
This approach allows for flexibility in investment strategy. A portion of the units can be sold to recover initial capital, while the remaining units can be held as rental properties to generate ongoing income. The result is a balanced development that creates both immediate and long-term value.
At Bold Development, we focus on identifying properties where this transformation makes both practical and financial sense. A typical project may begin with the purchase of a lot with an existing house. After evaluating feasibility, the structure is removed and replaced with multiple smaller homes designed for today’s market.