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Listed by Realty Works Group
$ 895,000
Est. payment | /mo
9,147 Sqft Lot
$ 895,000
Est. payment | /mo
9,147 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 317438603
Annual Tax Amount $3,016
Tax Year 2024
Lot Size 9,147 Sqft
Property Sub-Type Multi Family
Property Description
Incredible development potential in the N MISSISSIPPI neighborhood, especially with imminent SDCs waiver! RM1 zoned, 9,000 SF corner lot (90'x100'), with an existing, well-maintained duplex. Rental income may cover holding costs while planning, permitting, and constructing. The building is perfectly situated to one corner of this oversized property. Alley access creates ease and multiple layouts for your development options. Existing exterior entry into the basement (w/ 7-ft ceilings) could be explored as TRIPLEX potential, maximizing your FAR. Builder's Packet available upon request. Buyer to do their due diligence. Dead-end street increases the appeal to resale buyers and/or tenants. Only 2 blocks to a thriving commercial district, containing event spaces, shopping, dining and services. Easy access to parks, libraries, transit & freeways, too. Pedestrian bridge 2 blocks away crosses to Overlook - MAX line, more parks, dining, etc. Tenant Occupied -- Agent accompanied appointments only! PLEASE DO NOT DISTURB.
Location
State OR
County Multnomah
Area _141
Zoning RM1
Exterior
Utilities Available CableAvailable, ElectricityConnected, PublicWater500FeetPlus, SeeRemarks, SewerConnected, WaterConnected
View City
Garage No
Building
Lot Description Corner Lot
Schools
Elementary Schools Boise-Eliot
Middle Schools Harriet Tubman
High Schools Jefferson
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
