162nd Powell, Portland, OR 97236
Listed by Vitality Home Realty
$995,000
Est. payment /mo
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1.42 Acres Lot
Price Dropped by $300K

162nd Powell Portland, OR 97236

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Tommy Jedrzejczyk

Tommy Jedrzejczyk

+1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 267233612

HOA Y/N No

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

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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162nd Powell