This is a unique opportunity to acquire an investment property with re-development potential near the VA Hospital, OHSU, PSU and downtown Portland. There are currently 6 rental units on site consisting of a 2 Br, 1 Ba SFR home, a 2 Br, 2 Ba MFG home and a 4 Plex w/ea. unit offering 2 Bd 1 1/2 Ba. Seller is also the original owner of the adjacent single family home, which also offers income potential and will be listed on or about Feb.5
1906Year Built
0.36 acresLot Size
$1,458Price/Sq.Ft.
Listed by Timothy Morgan• The Hasson Company
Listed by Randy Rutherford• The Hasson Company
Bought with OR and WA Non Rmls• Non Rmls Broker
Source:RMLS #15054724
Redfin Estimate
Unfortunately, we don't have enough data to generate an accurate Estimate at this time.
This is a unique opportunity to acquire an investment property with re-development potential near the VA Hospital, OHSU, PSU and downtown Portland. There are currently 6 rental units on site consisting of a 2 Br, 1 Ba SFR home, a 2 Br, 2 Ba MFG home and a 4 Plex w/ea. unit offering 2 Bd 1 1/2 Ba. Seller is also the original owner of the adjacent single family home, which also offers income potential and will be listed on or about Feb.5
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
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.
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Oct 11, 2007 • Final
Electrical
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.