REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Move Real Estate Inc
$ 209,000
Est. payment | /mo
0.36 Acres Lot
$ 209,000
Est. payment | /mo
0.36 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 306557573
HOA Y/N No
Annual Tax Amount $1,498
Tax Year 2025
Lot Size 0.360 Acres
Property Sub-Type Multi Family
Property Description
**PRIME RM1 DEVELOPMENT OPPORTUNITY!** Rare opportunity to develop a vacant, build-ready parcel in a highly desirable, high-demand Portland location! Zoned RM1 with approximately $20k in City permit intake fees already paid. City-approved plans for a 9-unit, three-level townhouse-style condominium project featuring spacious 3-bedroom, 3.5-bath layouts. Complete architectural, building, and structural engineering plans available, plus plans for an alternative 18-unit multifamily apartment development. Approximately $150,000 invested in planning, architectural design, engineering, City of Portland Early Assistance, and Type IIx review, currently under review. Potential to modify layouts or pursue increased density, subject to City approval. Exceptional opportunity for builders and investors to save time and upfront development costs while maximizing this property's potential!
Location
Province OR
County Multnomah
Area _143
Zoning RM1
Exterior
Utilities Available ElectricityAvailable, NaturalGasAvailable, PublicSewer, WaterAvailable
View Trees Woods
Garage No
Building
Lot Description Flag Lot, Trees
Schools
Elementary Schools Lincoln Park
Middle Schools Ron Russell
High Schools David Douglas
Others
Acceptable Financing Cash
Listing Terms Cash
Featured Listings
Featured Listings
Listed by Pat Patricelli of Vanguard Properties
Listed by Pat Patricelli of Vanguard Properties
Listed by Brendon Kearney of Compass