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Listed by Berkshire Hathaway HomeServices NW Real Estate
$ 795,000
Est. payment | /mo
1.2 Acres Lot
$ 795,000
Est. payment | /mo
1.2 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 128447652
HOA Y/N No
Lot Size 1.200 Acres
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire a 1.39-acre, two-parcel property on E Burnside Street in Portland. The site has been used as a church and includes an existing 7,208-square-foot church building with an additional 2,184-square-foot basement, offering space for a congregation, community organization, or other permitted use. Zoned RM3, the property also presents potential for residential redevelopment. The combined site comprises approximately 60,600 square feet, providing flexibility for a buyer with a long-term vision. Convenient access to E Burnside and nearby transit. Sale includes tax accounts R216736 and R216722. Portland's current RM3 summary shows a 2:1 base floor area ratio (FAR), a 65-foot base height, 85% maximum building coverage, and no general maximum number of dwelling units. Height can step down near lower-density residential zoning, and setbacks, landscaping, outdoor space, and other rules still apply. Portland does not require a minimum number of car parking spaces, although bicycle parking and other requirements may apply. Buyer to verify square footage, zoning, permitted uses, development capacity, and all other property details with the appropriate municipality.
Location
Province OR
County Multnomah
Area _143
Zoning RM-3
Exterior
Utilities Available PublicWater500FeetPlus, SewerConnected
Garage No
Schools
Elementary Schools Menlo Park
Middle Schools Floyd Light
High Schools David Douglas
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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