909 SW GAINES ST

Portland, 97239

  • 3 Bed

  • 1.5 Bath

  • 2264 SqFt

  • 361 DOM

  • Built: 1904

  • Status: Active

$1,075,000

Price cut: $225K (07-01-2025)

X

909 SW GAINES ST

Portland 97239

$1075000

Price cut: $225K (07-01-2025)

  • 3 Bed

  • 1.5 Bath

  • 2264 SqFt

  • 361 DOM

  • Built: 1904

  • Status: Active

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Request Tour, Ask a Question or Start an Offer

Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

Located next to the nursing school at OHSU, this 15000 SF of land on 3 city lots is zoned RM2. Potential for higher ratio with city approved inclusionary housing. Owner carry options: 5-7 loan with balloon payment at the end, amortized over 20 years, 20% down or more, 8% interest rate, No prepayment penalty after the 36th monthly payment. Huge investor/developer opportunity. The last 3 photos show a view at 25-45 feet from the ground level. From City of Portland Zoning Code RM2: 45'maximum height, which is generally up to 4 stories. Buyer to verify any and all zoning code applications for this property. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10058334]

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Residence Information

  • 0

  • 1544

  • 720

  • 2264

  • tax

  • 1544

  • 3

  • 1

  • 1

  • 1.5

  • Composition

  • Bungalow

  • 2

  • 1904

  • Yes

  • LapSiding

  • FullBasement,PartiallyFinished

  • FullBasement,Partial

Features and Utilities

  • Dishwasher

  • Gas

  • ForcedAir

  • PublicSewer

  • Gas

  • Gas

Financial

  • 10387.7

  • 0

  • Cash,Conventional,OwnerWillCarry,VALoan

  • 09-16-2024

  • No

  • No

Comparable Information

  • 361

  • 404

  • Cash,Conventional,OwnerWillCarry,VALoan

  • $1,300,000

  • $1,075,000

  • Sep 12, 2025 08:53

Schools

Elementary : Ainsworth N/A Ratings
Middle : West Sylvan N/A Ratings
High : Lincoln N/A Ratings

Map

Listing courtesy of Berkshire Hathaway HomeServices NW Real Estate.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Oct 25, 2025 00:24 | Listing last modified Sep 12, 2025 08:53. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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