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Jared Hambrook

jaredh@legacyre.com +1(503) 930-2124

Listed by Where Real Estate Collaborative

$ 449,000

Est. payment -/mo

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Active

3524 SE 42ND AVE Portland, OR 97206

0.27 Acres Lot

UPDATED:

09/10/2024 03:49 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24240237

Annual Tax Amount $5,036

Tax Year 2023

Lot Size 0.270 Acres

Property Description

House is a fixer and likely not financeable. The value is in the oversized lot, which backs to Creston Park and is zoned RM1. Per the City of Portland - "The RM1 zone is a low-scale multi-dwelling zone applied around centers and corridors in locations near single-dwelling residential areas. Housing is generally characterized by 1-3 story buildings with front setbacks that relate to the patterns of residential neighborhoods. The types of new development include duplexes, rowhouses, courtyard housing and small apartment buildings."Great opportunity to build multi-family options on this oversized lot backing up to Creston Park. Amenities, services, public transportation all right here, making this parcel a practical investment purchase. Buyer responsible for all due diligence with City/County with regards to use, planning and zoning, PBOT, etc. Existing home sustained severe damage during winter storm Feb. 2024 and is not financeable.

Location

State OR

County Multnomah

Area _143

Zoning RM1

Exterior

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected

Garage No

Schools

Elementary Schools Creston

Middle Schools Hosford

High Schools Franklin

Others

Acceptable Financing Cash

Listing Terms Cash

Regional Multiple Listing Service (RMLS)

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124

Jared Hambrook

3524 SE 42ND AVE Portland, OR 97206

Key Details

Location

Exterior

Schools

Others

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3524 SE 42ND AVE