- ADDRESS:
- 909 SW GAINES ST Portland, OR 97239
- Price:
- $1,075,000
- Units:
- 1
- Acres:
- 0.34
- Unit 1:
-
3 Bed
1.1 Bath
$1,700/mo
Features: Refrigerator - MLS#:
- 625599636
- Lot Size:
- 15,000 to 19,999 SqFt
- Type:
- Multi
- Zone:
- RM2
- Yr Built:
- 1904
- Taxe/yr:
- $10,774.96
- County:
- Multnomah
- Status:
- Active
- Heat:
- Forced Air
- View:
- Territorial
- Elem:
- Ainsworth
- Middle:
- West Sylvan
- High:
- Lincoln
- Area:
- Portland NW/ SW/ S, Raleigh Hills
- Courtesy of:
- Berkshire Hathaway HomeServices NW Real Estate
- Remarks:
- 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.