$850000
Price cut: $25K (09-10-2025)
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Bed
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Bath
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SqFt
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90 DOM
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Built:
- Status: Active
Love this home?
Mohanraj Rajendran
Real Estate Agent
(503) 336-1515$25,000 PRICE DROP -- Sellers' AS-IS pricing. 9,000 SF corner lot with RM1 Zoning means up to 9 TOTAL UNITS on the property! Potentially TWO ASSETS here: Dividable LOT valued at $250K-$350K (depending on size & configuration) & existing, well-maintained DUPLEX valued at $650K-$700K. Split & sell for instant equity capture! Duplex has a CAP RATE of 6 with current rents, after dividing lot. Likely even higher with market-rate rents. Ask about the City's NEW SDCs WAIVER! Exterior basement entry & 7-ft ceilings could be explored as TRIPLEX potential, maximizing your FAR. Duplex rental income may cover holding costs while planning, permitting, and constructing. Duplex is perfectly positioned on the far SW corner of the land -- multiple lot line configurations possible. Alley access creates ease for construction. Buyer to do their due diligence, of course. Builder's Packet available upon request. Dead-end street increases the appeal to resale buyers and/or tenants (very low-traffic). Only 2 blocks to a thriving commercial district, containing event spaces, shopping, dining and services. Easy access to parks, libraries, transit & freeways, too. Pedestrian bridge 2 blocks away crosses to Overlook - MAX line, more parks, dining, etc. Tenant Occupied -- Agent accompanied appointments only! PLEASE DO NOT DISTURB.
Listing Provided Courtesy of E. Wren Shiffler, Realty Works Group
General Information
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317438603
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MultiFamily
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90 DOM
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9147.6 SqFt
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RM1
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Multnomah
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R223729
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Boise-Eliot
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Harriet Tubman
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Jefferson
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Land
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MultiFamily
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MULTNOMAH, BLOCK 28, S 40' OF LOT 11, LOT 13
Listing Provided Courtesy of E. Wren Shiffler, Realty Works Group
Mohan Realty Group data last checked: Sep 24, 2025 08:16 | Listing last modified Sep 22, 2025 15:24,
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