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Listed by Berkshire Hathaway HomeServices NW Real Estate

$1,075,000

Est. payment - /mo

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3 Beds

1.1 Baths

2,264 SqFt

Active

909 SW GAINES ST Portland, OR 97239

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,264 sqft

Price per Sqft $474

MLS Listing ID 692771136

Style Bungalow

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1904

Annual Tax Amount $10,774

Tax Year 2025

Lot Size 0.340 Acres

Property Sub-Type Single Family Residence

Property Description

Rare developer and investor opportunity directly across from OHSU Hospital and adjacent to the medical and nursing schools! This premium location features approximately 15,000 SF of land spanning 3 city lots zoned RM2. Excellent potential for future growth with the massive benefit of immediate holding income: the property features an existing 3-story, 3-bedroom residential home that is currently rented. Perfect for a covered land play while you finalize your development plans in a high-demand medical community footprint. The final listing photos showcase the incredible views captured from 25-45 feet above ground level. According to City of Portland Zoning Code, RM2 allows a 45-foot maximum height, generally up to 4 stories, with potential for a higher ratio via city-approved inclusionary housing. Buyer to independently verify any and all zoning code applications, restrictions, and development potential. Owner will consider owner financing terms. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10058334]

Location

State OR

County Multnomah

Area _148

Rooms

Basement Full Basement, Partially Finished

Interior

Heating Forced Air

Exterior

View Territorial

Roof Type Composition

Garage No

Building

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Ainsworth

Middle Schools West Sylvan

High Schools Lincoln

Others

Senior Community No

Acceptable Financing Cash, Conventional, OwnerWillCarry, VALoan

Listing Terms Cash, Conventional, OwnerWillCarry, VALoan

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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