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Listed by Where Real Estate Collaborative
$ 379,000
Est. payment | /mo
0.27 Acres Lot
$ 379,000
Est. payment | /mo
0.27 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 24240237
Annual Tax Amount $5,036
Tax Year 2023
Lot Size 0.270 Acres
Property Description
MAJOR PRICE ADJUSTMENT, SOLD AS-IS, no repairs or concessions by seller. House is a fixer and likely not financeable, very much a tear-down. The value is in the oversized lot, which backs to Creston Park and is zoned RM1. Per the City of Portland - "The RM1 zone is a low-scale multi-dwelling zone applied around centers and corridors in locations near single-dwelling residential areas. Housing is generally characterized by 1-3 story buildings with front setbacks that relate to the patterns of residential neighborhoods. The types of new development include duplexes, rowhouses, courtyard housing and small apartment buildings."Great opportunity to build multi-family options on this oversized lot backing up to Creston Park. Amenities, services, public transportation all right here, making this parcel a practical investment purchase. Buyer responsible for all due diligence with City/County with regards to use, planning and zoning, PBOT, etc. Existing home sustained severe damage during winter storm Feb. 2024 and is not financeable.
Location
State OR
County Multnomah
Area _143
Zoning RM1
Exterior
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Garage No
Schools
Elementary Schools Creston
Middle Schools Hosford
High Schools Franklin
Others
Acceptable Financing Cash
Listing Terms Cash
