Beautifully remodeled and incredibly versatile, this rare half-acre property features two separate single-level residences with outstanding income and future development potential. The main home offers 3 beds and 1 bath with a remodeled kitchen, updated finishes, comfortable one-level living and A/C. The detached ADU includes 2 beds and 1 bath,… Read More remodeled and move-in ready — ideal for rental income, multigenerational living, guest quarters or owner-occupancy with supplemental income. Both homes include fridges and w/ds, making this a truly turnkey opportunity for homeowners and investors alike. Strong existing rental performance with rentometer.com est average rents of approx. $2,167/month for the 3-bed and $1,615/month for the 2-bed ADU creates immediate income potential. BONUS: The 1/2 lot creates additional possibilities rarely found in Portland. The rear portion of the property may allow space for an additional detached ADU, while the full site offers exciting future redevelopment potential for middle housing or cluster home development with potential for up to 16 units. Whether you're looking for an investment opportunity, flexible living arrangement, or long-term development upside, this property offers exceptional potential in a rapidly evolving area of SE Portland. Large usable lot, multiple living spaces, income potential and future flexibility all in one unique property. Property includes a 50 amp exterior outlet for tiny home or RV. Lot may be divided into a minimum of 3 lots. Both units will be vacant at close. Buyer to verify zoning, density and feasibility with the City of Portland. Quiet street, conveniently located in SE Portland with easy access to I-205, Division Street, shopping, restaurants, parks and public transportation. Close to everyday amenities while still offering the privacy and flexibility of a rare half-acre property. DOM is not accurate. Property was withdrawn for 3 weeks to make a repair, back active. Read Less
Listing courtesy of Berkshire Hathaway HomeServices NW Real Estate.
Listing Snapshot
Days Online
78
Last Updated
Property Type
SingleFamilyResidence
Lot Size
0.53 Acres
MLS Number
559781066
30 Days Snapshot Of 97266
$408k
+3%
(avg) sold price
23
-25%
homes sold
54
+217%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved, Unimproved
Building
Current Use: Residential, Other Structures: Driveway, Other, Residence, Storage
Disclosures
Disclosures: Disclosure
Lot
Features: PublicRoad, Number Of Lots: 1, Size Acres: 0.53, Size Dimensions: 307 x 75, Size Range: SqFt20000toAcres1, Size Square Feet: 23,086, Size: 20,000 SqFt to .99 Acres
Property
Land Description: Level, Property Sub Type: SingleFamilyResidence, Soil Condition: Native, Soil Type Classification: Native, Zoning: R5
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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