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Listing courtesy of eXp Realty, LLC.
Description
Developer’s Dream!– Oversized Lot with Unbeatable Location! Set in the highly sought-after Hosford-Abernethy neighborhood. Featuring an oversized lot with R2.5 zoning, the possibilities for development are vast. The R2.5 zoning is a single-dwelling zone allowing one lot per 2,500 square feet, making it ideal for a variety of housing types. Developers can explore options such as a 6-unit apartment complex, single-family dwellings, rowhouses, duplexes, triplexes, fourplexes, or adding accessory dwelling units (ADUs). Buyer to do all due diligence. With its prime inner Southeast location, this property is perfectly positioned for a multitude of projects. The unbeatable setting provides easy access to some of Portland’s vibrant amenities, including Double Barrel Tavern, Spielman Bagels, Nossa Familia Coffee, New Seasons & People’s Food Co-op, a stone’s throw to Ladd’s Addition, & Abernethy Elementary School, making it the perfect spot to create desirable housing. Whether you’re considering a rehab & flip, teardown to build a multifamily property or envisioning multiple units for rental income, this diamond in the rough offers unmatched potential. Don’t miss this rare opportunity to shape a profitable investment in one of Portland’s most walkable and dynamic neighborhoods.
Property Details and Features
Property Access
- Road Surface Type: Paved
Appliances & Equipment
- Appliances: FreeStandingRange,FreeStandingRefrigerator
Basement
- Basement: FullBasement,PartiallyFinished
Bathrooms
- 1 total bath
- 1 full bathroom
- 1 total main level bath
- 1 main level full bath
Bedrooms
- 2 total bedrooms
Building
- Architectural Style: Cottage
- Building Area Calculated: 600
- Building Area Description: Trio
- Building Area Total: 1200
- Built in 1902
- Lower Level Area Total: 600
- Main Level Area Total: 600
- Stories: 2
Cooling
- Cooling Equipped
- Cooling: WindowUnit
Disclosures
- Disclosures: Disclosure
Exterior Features
- Exterior Description: WoodSiding
- Exterior Features: Fenced,Porch,Yard
Foundation
- Foundation Details: ConcretePerimeter
Heating
- Heating Available
- Heating: Gravity,Other
Interior Features
- Features: HardwoodFloors
Listing
- Contract Status Change Date: 2024-10-24
- Days On Market: 31
- Last Transaction Date: 2024-11-12 11:45:46
- List Price: $499,900
- Listing Contract Date: 2024-10-24
- Listing Id: 24448745
- Mls Status: Active
- Modification Timestamp: 2024-11-24 00:49:55
- On Market Date: 2024-10-24
- Standard Status: Active
Location
- MLS Area Major: _143
- Subdivision Name: HOSFORD ABERNETHY
- County Or Parish: Multnomah
Lot
- Features: Level
- Size Acres: 0.12
- Size Range: SqFt5000to6999
- Size Square Feet: 5,227
- Size: 5,000 to 6,999 SqFt
Parking
- Features: Driveway,OffStreet
Possession
- Possession: CloseOfEscrow
Property
- Property Condition: Resale
- Property Sub Type: SingleFamilyResidence
- Zoning: R2.5
Roof
- Roof: Composition
Schools
- High School: Cleveland
- Middle Or Junior School: Hosford
- Elementary School: Abernethy
Sewer
- Sewer: PublicSewer
Taxes
- Annual Amount: $3,401
- Legal Description
- Tax Year: 2023
Utilities
- Fuel Description: Gas
- Hot Water Description: Electricity
- Water Source: PublicWater
This content last updated on November 24, 2024 20:45. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.