$485000
2 Bed
1 Bath
1426 SqFt
46 DOM
Built: 1940
Real Estate Agent
(503) 336-1515Attention Developers, Investors, Contractors and Buyers In Need of an Over Sized Shop! This property features a 1429 SF, 2 bedroom, 1 bath home that is comfortable and fully functional. Additional cosmetic improvements could make this a beautiful home for someone wishing to utilize the shop and oversized lot for themselves. Seller's current mortgage at 2.38% is assumable for owner occupants meeting mortgage criteria. Great rental potential for investors looking to add to their rental portfolio. Shop is 37 x 24 with additional attached wood structures that add square footage. It has a 220 electric service and has been used for mechanic work/motorcycle repair in the past. It has ample storage, an oversized garage door and abundant open workspace. Land is a secluded, quiet, and private .29 acre flag lot zoned RM2. Per city website, this allows for medium-scale multi-dwelling construction characterized by 3-4 story buildings including a diverse range of multi-dwelling structures, fourplexes and rowhouses. Buyers to do own due diligence with city and county regarding possible property uses. Property is conveniently located with easy access to Gresham, Downtown Portland, I205, and mass transit.
Listing Provided Courtesy of Rebecca Fetters, Owl's Nest Realty
462291033
SingleFamilyResidence
46 DOM
2
0.29 acres
1
1426
1940
RM2
Multnomah
R334182
Lincoln Park
Ron Russell
David Douglas
Residential
SingleFamilyResidence
SECTION 11 1S 2E, TL 8200 0.29 ACRES
Listing Provided Courtesy of Rebecca Fetters, Owl's Nest Realty
Mohan Realty Group data last checked: Oct 14, 2025 00:34 | Listing last modified Oct 13, 2025 01:26,
Source: