Exceptional location! Walkability 10/10. Very low utility cost. Charming, single-level building. Each unit has a great layout and a home-like feeling. Wood floors throughout. Excellent tenants in place. Easy to rent. Low turnover rate. Wallace Park is across the street. Walk to restaurants, coffee, shops, grocery stores, schools and hospital. Seller is offering one-year home warranty. Unfinished basement with 1296 sq ft w/ much potential for additional storage units and more! Zoned R2 - may allow up to 3-4 stories. Please do not disturb tenants. Interior viewing of units is subject to accepted offer. Sellers are licensed OR real estate brokers. Listing Agent is a member of LLC ownership of this property.
OFFER RECEIVED. OFFER DEADLINE IS 11/16 @ 5PM. Exceptional Development Opportunity in a Prime Portland Location! This .29-acre property with RM1 zoning offers incredible potential—build multiple units and/or create your custom dream home. The existing cottage with a lovely front yard w/sprinkler system, adds character and flexibility: remodel, expand, or live in it while you plan your future project. The spacious backyard provides room for outdoor living, future structures, or creative site design. With RM1 zoning, the property supports higher-density residential development while maintaining a comfortable neighborhood feel. Buyer to perform all due diligence. Conveniently located near parks, schools, shopping, and transit.This property provides both practicality and long-term upside.Property sold AS-IS. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10242645]
RMLS / Windermere Realty Trust / Reese Iris