162nd Powell

Portland, 97236

  • Bed

  • Bath

  • SqFt

  • 1 DOM

  • Built:

  • Status: Active

$1,295,000

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162nd Powell

Portland 97236

$1295000

  • Bed

  • Bath

  • SqFt

  • 1 DOM

  • Built:

  • Status: Active

Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

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 with 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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