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Listed by 24/7 Properties • Stacey@247prop.com
$ 900,000
Est. payment | /mo
0.43 Acres Lot
$ 900,000
Est. payment | /mo
0.43 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24533035
Annual Tax Amount $4,744
Lot Size 0.430 Acres
Property Description
Fantastic multifamily development opportunity in RM-3 zone. Great frontage on E. Burnside and easy access to transit. See attached zoning code for details. Buyer to do own due diligence for development.RM-3 zoning highlights: 65'maximum height, up to 6 stories. 2:1 FAR increasing to 3:1 with bonus provisions such as affordable housing. Parking not required for up to 30 units on small sites up to 10,000 ft² or on sites near frequent transit.
Location
State OR
County Multnomah
Area _143
Zoning THR
Exterior
Utilities Available SeeRemarks
Garage No
Schools
Elementary Schools Cherry Park
Middle Schools Floyd Light
High Schools David Douglas
Others
Acceptable Financing Cash, Contract, OwnerWillCarry
Listing Terms Cash, Contract, OwnerWillCarry
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Mitch Foteff
Partner | Lic# LIC# 201106062