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Listed by Oregon First
$ 512,500
Est. payment | /mo
0.38 Acres Lot
$ 512,500
Est. payment | /mo
0.38 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 684644048
HOA Y/N No
Annual Tax Amount $7,844
Tax Year 2025
Lot Size 0.380 Acres
Property Sub-Type Single Family Residence
Property Description
PRICE REDUCED – DEVELOP, BUILD, OR HOLD!Rare opportunity for builders, developers, investors, and contractors. Three adjoining tax lots totaling approximately 0.38 acres (0.16, 0.13, and 0.09 acres; taxes include all three lots). The existing home sits on one lot, while the other two may offer future development potential. Build on two parcels while generating income from or occupying the existing home. Buyer to perform all due diligence regarding buildability, development potential, utilities, and intended use.The well-maintained home offers immediate value and flexibility. Live in it, rent it out, or utilize it while pursuing development plans. Natural light fills the spacious floor plan featuring durable laminate flooring, 4 bedrooms, and 2 full bathrooms. A separate exterior entrance to the lower level adds flexibility for multi-generational living, guest quarters, or possible rental income (buyer to verify).The lower level includes a large family room, two generous bedrooms, remodeled bathroom, laundry area, and extra storage. A premium solar panel system will be paid off at closing with a full-price offer, providing long-term energy savings. All kitchen appliances are included.Outside, enjoy ample space for equipment storage, RV parking, staging, or future development. Property features a firepit, unique outdoor stage platform, large outbuilding, and substantial open space rarely found within city limits.Conveniently located just 0.3 miles from Glenfair Elementary and minutes from shopping, dining, and major commuter routes, this property combines today's livability with tomorrow's possibilities.Whether you're seeking your next development project, a long-term investment, or a property with multiple paths to value, this is an opportunity you won't want to miss.
Location
State OR
County Multnomah
Area _142
Zoning R5
Exterior
Utilities Available ElectricityConnected, NaturalGasConnected, SeeRemarks, Sewer500FeetPlus, WaterAvailable
Garage No
Schools
Elementary Schools Glenfair
Middle Schools H.B. Lee
High Schools Reynolds
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
Virtual Tour https://vimeo.com/speedsphoto/download/1197501121/b1286dc8a6
