This single-family home is offered as part of a 13-property, 43-unit residential portfolio that is 98% leased, primarily located in Southeast and Northeast Portland, and will be sold via Sealed Bid Auction on June 3, 2026.The home is currently leased and situated on a 12,197± sq. ft. lot that shares… Read More access with Auction Property #112. Zoned RM2, the site allows for a 3- to 4-story building with a minimum density of one unit per 2,000 sq. ft., permitting up to six units, with potential for increased density subject to City of Portland approval. Projected 2026 gross income is $18,480. The tenant has occupied the home for over four years. Real estate taxes are $3,844, and the landlord covers trash service.This property offers a unique opportunity to secure in-place income with significant future development potential in Southeast Portland. Read Less
Listing courtesy of Realty Marketing / Northwest.
Listing Snapshot
Days Online
87
Last Updated
Property Type
SingleFamilyResidence
Beds
3
Full Baths
2
Square Ft.
1,140
Lot Size
0.28 Acres
Year Built
1976
MLS Number
163506094
30 Days Snapshot Of 97236
$438k
-6%
(avg) sold price
26
+18%
homes sold
33
-50%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: CrawlSpace
Building
Architectural Style: Stories1, Ranch, Building Area Calculated: 1140, Building Area Description: assessor, Building Area Total: 1140, Built in 1976, Main Level Area Total: 1140, Stories: 1
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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