Listing Courtesy of: Parvaneh Kalantari - Vitality Home Realty
503-260-1003
$1,295,000
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162nd Powell Portland, OR 97236
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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 wit...h 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.
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MLS#
267233612
Property Type
Land
Status
Lot Size
1.42
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