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

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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