Rare 4-Plex Investment Opportunity!?? Welcome to the investment opportunity of a lifetime! Nestled in the coveted Corbett-Terwilliger-Lair Hill neighborhood of Portland, this rare 4-plex gem awaits your vision. With 6 bedrooms, 4 bathrooms, and the potential for a 5th unit in the finished basement, this property offers incredible potential for savvy investors. Although it needs a touch of TLC, this 1888 treasure is a canvas awaiting your creative brushstrokes to restore its former glory. The location itself is a dream?boasting an impressive Walk Score of 86, Transit Score of 78, and Bike Score of 80, making it a commuter?s paradise. Imagine the convenience of being within walking distance to OHSU and just minutes away from the vibrant heart of Downtown Portland. This property isn?t just a structure; it?s an opportunity to create an investment that flourishes. Embrace the potential, seize the location, and unlock the rewards of owning a piece of Portland?s history while making an impactful investment for the future. Don?t miss out on this chance to craft your own success story in real estate!
Multi-familyProperty Type
1888Year Built
$165Est. Price/Sq.Ft.
Listed by Ted Williams• Urbane Realty Group
Bought with Adam Khatib• Kelly Right Real Estate of Portland, LLC
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Style
Multi-Family (5+ Unit)
County
Multnomah County
APN
R129017
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Accessible
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Last updated by owner on Dec 11, 2023.
RM1
Residential Multi-Dwelling 1 Zone
The RM1 zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale to single-dwelling residential areas, such as the edges of mixed-use centers and civic corridors, and along or near neighborhood corridors. Allowed housing is characterized by one to three story buildings that relate to the patterns of residential neighborhoods, but at a somewhat larger scale and building coverage than allowed in the single-dwelling zones. The major types of new development will be duplexes, triplexes, rowhouses, courtyard housing, small apartment buildings, and other relatively small-scale multi-dwelling and small-lot housing types that are compatible with the characteristics of Portland's residential neighborhoods.