Know someone buying a home?
Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
14
Photos
4
beds
2
baths
2,320
sqft
Built in
1943
Prime Development Opportunity in Portland’s Thriving Market.Investors, builders, and developers – this is your chance to capitalize on a rare opportunity in the heart of Portland! Situated on a spacious 0.26-acre lot, this property is zoned RM1 in Multnomah County, making it ideal for multi-family development. Priced competitively, this lot is ripe for transformation into a high-demand residential complex.Key Features:Zoning: RM1 – Perfect for multi-family units, townhomes, or apartment buildings. Lot Size: 0.26 acres – ample space for creative development and maximizing ROI. Location: Prime SE Portland location, offering convenient access to local amenities, schools, parks, and public transportation. Potential: The RM1 zoning allows for the development of up to four stories of residential units, catering to the increasing demand for housing in Portland's bustling real estate market. Neighborhood: Located in a vibrant community known for its strong rental market, this property promises steady rental income and long-term growth potential.Why This Property?Strategic Investment: Portland’s real estate market continues to flourish, with high demand for well-located, multi-family properties. This lot offers investors the perfect opportunity to build and capitalize on this trend. Flexible Development Options: Whether you envision modern townhomes, a boutique apartment building, or a mixed-use development, this property’s zoning and lot size offer incredible flexibility. High ROI Potential: The combination of location, zoning, and lot size makes this property a high-yield investment. Develop a property that will attract long-term tenants and provide consistent rental income. Don’t miss out on this exceptional development opportunity in one of Portland’s most sought-after neighborhoods. Contact us today to schedule a viewing or to discuss the potential this prime property holds for your investment portfolio. Act Now – Opportunities Like This Don’t Last Long!
Features & Amenities
Interior
- Appliances:
- Free standing range, Free standing refrigerator
- Basement:
- Unfinished
- Heating:
- Forced air
Exterior
- General:
- Cedar, Vinyl siding, Rv boat storage, Yard
- Style:
- Bungalow, Cottage
- Parking:
- Driveway, Off street, Parking spaces: 2
Construction
- Roofing:
- Composition
- Windows:
- WoodFrames
- General:
- Concrete perimeter
Location
- Road/Access:
- Concrete, Paved
- Originating MLS:
- Regional Multiple Listing Service, Inc.
- County:
- Multnomah
Lot
- Zoning:
- RM-1, SECTION 08 1S 2E, TL 14800 0.26 ACRES, R333257
- View:
- View
Utilities
- Water:
- Public Water
- Sewer:
- Public Sewer
Financial
- Source:
- Regional Multiple Listing Service, Inc.
This listing courtesy of:
Keller Williams Realty Professionals, Lyndon Hansen
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
Powered by
Ready to get started? Get prequalified »
About Portland, OR
Housing
- Number of Units
- 428,822
- Median Home Value
- $473,531
- Median Rent
- $1,251
43.72% of housing units are renter occupied.
5.89% are vacant.
Commute
- Car
-
46.63%
- Public Transportation
-
6.64%
- Walk to Work
-
3.11%
- Work from Home
-
40.47%
- Other
-
0.60%
The median travel time to work is 17 minutes.
People
- Population
- 933,432
- Median Age
- 38.50
- Median Household Size
- 2.55
Education
- High School
-
15.24%
- Associate’s Degree
-
6.78%
- Bachelor’s Degree
-
30.17%
- Graduate Degree
-
20.64%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
Similar Homes
-
New
Listing by Genny Rapp PDX Dwellings LLC#24142319
-
Listing by Brad Sanchez Realty Brokers Skw Co.#24121311
-
Listing by Ann-Marie Nava MORE Realty#24029815
-
Listing by Tracie Smith MORE Realty#24054295
-
Listing by Christopher Love John L Scott Portland SW#24090600
-
Listing by Noel Jackson RE/MAX Equity Group#24662930
Interested in this home?
Request more information:
