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Listed by Berkshire Hathaway HomeServices NW Real Estate
$ 1,075,000
Est. payment /mo
Active
909 SW GAINES ST Portland, OR 97239
2,264 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,264 sqft
Price per Sqft $474
MLS Listing ID 625599636
Year Built 1904
Annual Tax Amount $10,774
Lot Size 0.340 Acres
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.
Location
State OR
County Multnomah
Area _148
Zoning RM2
Rooms
Basement Full Basement, Partially Finished
Interior
Heating Forced Air
Exterior
View Territorial
Roof Type Composition
Garage No
Building
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Ainsworth
Middle Schools West Sylvan
High Schools Lincoln
Others
Acceptable Financing Cash, Conventional, OwnerWillCarry, VALoan
Listing Terms Cash, Conventional, OwnerWillCarry, VALoan
