$998000
Price cut: $502K (10-01-2025)
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Bed
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Bath
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2729 SqFt
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265 DOM
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Built: 1937
- Status: Active
Love this home?
Mohanraj Rajendran
Real Estate Agent
(503) 336-1515**Price Reduced! Exceptional opportunity in Montavilla with two parcels on a prime corner lot and dual access points. CM-2 zoning allows mixed-use development including residential units, a 4-story apartment building/complex, or retail/residential combinations, ideal for developers or owner/users. The main home, built in 1937 with a 1952 garage addition (936 SF), has been used as office space, a children’s daycare, a carpentry shop, and most recently an automotive repair shop; the home currently does not include a kitchen. The modular building is approximately 800 SF with two restrooms, historically part of the daycare operation. Seller states parking for 20+ vehicles. With strategic location near main roads and freeways, this property offers significant growth and expansion potential. Seller is open to partial seller carry financing for up to five years and longer-term financing if needed. Don’t miss this rare Montavilla opportunity!
Listing Provided Courtesy of Annie Wrucke, Rose Country Realty
General Information
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638680121
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Income
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265 DOM
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0.29 acres
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2729
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1937
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CM2
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Multnomah
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R284602
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CommercialSale
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Income
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TERRACE PK, BLOCK 4, E 1/2 OF LOT 2, LOT 3
Listing Provided Courtesy of Annie Wrucke, Rose Country Realty
Mohan Realty Group data last checked: Oct 14, 2025 18:49 | Listing last modified Oct 01, 2025 21:25,
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