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Listed by Vitality Home Realty
$ 1,295,000
Est. payment /mo
New
162nd Powell Portland, OR 97236
1.42 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 267233612
Annual Tax Amount $13,120
Lot Size 1.420 Acres
Property Sub-Type Multi Family
Property Description
The site consists of two tax lots and is zoned RM1 (ResidentialMulti-Dwelling). Currently, the only improvements on the site is a 1927 four-bedroom/two-bathroom 2,055 SF single family home, that is currently rented for $1,995, with a detached garage. The RM1 zoning allows a 1:1 FAR, or 1:1.5 FAR with bonus provisions, which would allow for up to 61,855- 92,782 SF of residential building area. With Portland looking to eliminate SDC fees for multifamily projects in the near future, the subject property would make an ideal project in a location with solid renter demographics.
Location
State OR
County Multnomah
Area _143
Zoning RM1
Exterior
Utilities Available SewerConnected, WaterConnected
View Trees Woods
Garage No
Building
Lot Description Cleared, Corner Lot, On Busline
Schools
Elementary Schools Powell Butte
Middle Schools Centennial
High Schools Centennial
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
