Description
DEVELOP, BUILD, HOLD, OR OCCUPY! Rare opportunity for builders, developers, investors, contractors, or buyers looking for long-term value. This unique property includes three adjoining tax lots totaling approximately 0.38 acres. The existing home sits on one lot, while the additional two parcels may offer future development potential. Buyer to complete all due diligence regarding buildability, development options, utilities, zoning, lot usage, and intended use.The existing home adds immediate value and flexibility. Live in it, rent it out, or use it while exploring future plans. The home features a spacious, light-filled floor plan with durable laminate flooring, 4 bedrooms, and 2 full bathrooms. A separate exterior entrance to the lower level creates flexible living options for multi-generational living, guest space, extended household needs, or possible rental income. Buyer to verify.The lower level includes a large family room, two generous bedrooms, a remodeled full bathroom, laundry area, and additional storage. A premium solar panel system will be paid off at closing with an acceptable offer, offering potential long-term energy savings. Kitchen appliances are included.Outside, the property offers rare space within city limits, with room for RV parking, equipment, storage, staging, gardening, or future development vision. Outdoor features include a firepit, unique stage platform, large outbuilding, and substantial open yard space.Convenient location just approximately 0.3 miles from Glenfair Elementary and minutes to shopping, dining, public transportation, and major commuter routes.Whether you are looking for your next development opportunity, a long-term hold, an income-producing property, or a home with multiple paths to value, this property offers flexibility that is hard to find. Bring your ideas and explore the possibilities!
Details
| MLS # | 684644048 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 99 |
| Listing Provided By | Oregon First | Rachel Sheller |
Features
| Zoning | R5 |
|---|---|
| Acreage | 0.38 |
Interior
| Heating Yn | No |
|---|---|
| Cooling Yn | No |
Parking
| Attached Garage Yn | No |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, See Remarks, Sewer500Feet Plus, Water Available |
|---|
Taxes
| Property | 7844 |
|---|
Area Information
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97035 |
| School District | Reynolds |
| Elementary School | Glenfair |
| High School | Reynolds |
| Listing VS Median (in 97035) | |
Price: $499,999 low | high Med: $799,000 On site: 99 low | high Med: 41.5 | |
Market Activity 97035
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Learn More About This Property
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97035 |
| School District | Reynolds |
| Elementary School | Glenfair |
| High School | Reynolds |
| Listing VS Median (in 97035) | |
Price: $499,999 low | high Med: $799,000 On site: 99 low | high Med: 41.5 | |
