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Listed by eXp Realty, LLC • 310-422-6044

$549,999

Est. payment - /mo

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7,405 Sqft Lot

Active

540 S NEVADA ST Portland, OR 97219

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Tommy Jedrzejczyk

tommy@tltre.com +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 274208765

HOA Y/N No

Annual Tax Amount $6,573

Tax Year 2024

Lot Size 7,405 Sqft

Property Sub-Type Multi Family

Property Description

Opportunity knocks! Take advantage of this rare offering, a 7,400 SqFt nearly level lot, zoned RM1, in an absolutely prime location! Based on Portland zoning specs, this site allows for a MINIMUM of 1 dwelling per 2,500 SqFt of land with no maximum number of dwellings specified. The current decommissioned pump house can be preserved and potentially repurposed into some form of commercial use, converted into residential use & expanded onto, or torn down to build completely new and maximize the building footprint and total unit count. Buyer to do due diligence. Seller may consider owner carried financing for a limited term if needed, either until construction financing funds, or permits are fully approved.

Location

State OR

County Multnomah

Area _148

Zoning RM1

Exterior

Utilities Available ElectricityAvailable, NaturalGasAvailable, PublicSewer, WaterAvailable

Garage No

Schools

Elementary Schools Capitol Hill

Middle Schools Jackson

High Schools Ida B Wells

Others

Acceptable Financing Cash, Other, OwnerWillCarry

Listing Terms Cash, Other, OwnerWillCarry

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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