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Brian O Gass

brian.or@1realty.com +1(503) 459-8805

Listed by Bridge Creek Realty

$1,100,000

Est. payment - /mo

3 Beds

3.1 Baths

2,000 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $550

MLS Listing ID 219390238

Style Other

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1947

Annual Tax Amount $2,194

Tax Year 2025

Lot Size 5,227 Sqft

Property Sub-Type Single Family Residence

Property Description

Located just off E Burnside Street in Portland's Montavilla neighborhood, this offering consists of two adjacent parcels totaling approximately 0.22 acres with CM2 (Commercial Mixed-Use 2) zoning. Positioned in one of East Portland's most established and walkable neighborhoods, the property presents a compelling opportunity to develop high-density multifamily housing in a strong rental submarket with convenient access to neighborhood amenities, transit, and major employment corridors. The offering includes one vacant parcel and one improved parcel containing a 2,624 square foot single-family home built in 1947. The home is currently leased to a month-to-month tenant providing interim income while a developer advances development plans.A full development package has been completed for the property, including architectural plans, a geotechnical report, plumbing plans, survey work, mechanical engineering and a first submission of plans to the city with corrections noted, significantly reducing the upfront time and cost associated with early-stage development. The proposed project consists of a 30-unit apartment building comprised of efficiently designed one- and two-bedroom units tailored to the strong demand for attainable housing in Portland's close-in eastside neighborhoods. *Square footage and bedroom count need to be verified by buyer.

Location

State OR

County Multnomah

Area _143

Interior

Heating Forced Air

Exterior

Garage Spaces 1.0

Garage No

Building

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Vestal

Middle Schools Harrison Park

High Schools Leodis Mcdaniel

Others

Senior Community No

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

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Regional Multiple Listing Service (RMLS)

Nearby School & Business

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Brian O Gass

+1(503) 459-8805

Principle Broker | License ID: 201235550

Principle Broker License ID: 201235550

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33 SE 83RD AVE Portland, OR 97216

Brian O Gass

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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