- ADDRESS:
- 162nd Powell Portland, OR 97236
- VIDEOS:
- Print this Listing
- Price:
- $1,295,000
- Ft²:
- 0
- Acres:
- 1.42
- MLS#:
- 267233612
- Lot Size:
- 1 to 2.99 Acres
- Type:
- Land
- Zone:
- RM1
- County:
- Multnomah
- Status:
- Active
- View:
- Trees/Woods
- Elem:
- Powell Butte
- Middle:
- Centennial
- High:
- Centennial
- Lot Desc:
- Cleared, Corner Lot, On Busline
- Area:
- Portland Southeast
- Courtesy of:
- Vitality Home Realty
- Remarks:
- 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.