Exceptional Medium Density Residential (MDR) infill parcel offering approximately 18-unit residential development potential on nearly 3/4 of an acre positioned just off SE Stark Street with established residential neighborhood backing the property. The site features flat topography and scale that support efficient small-home or cottage-style planning concepts.The seller has engaged… Read More in multiple planning discussions regarding development feasibility, and based on those conversations, an approximately 18-unit residential concept appeared consistent with current MDR zoning standards at that time. The project was not formally submitted for land use approval. Buyer to verify all zoning, density allowances, parking standards, and development requirements with the jurisdiction.An existing single-family home is currently located on the property. Value is primarily in the land and development potential.At a list price of $500,000, this offering represents a compelling entry point for builders targeting the $350,000 attainable housing segment, where demand remains strong throughout the Portland metro area. Opportunities of this size, zoning designation, and price level are increasingly limited.Buyer to conduct independent due diligence regarding utilities, system development charges, demolition considerations, and overall development feasibility.Don't miss out in this Opportunity! (ProForma attached) or call, I can send in an email. Read Less
Listing courtesy of Knipe Realty ERA Powered.
Listing Snapshot
Days Online
2
Last Updated
Property Type
SingleFamilyResidence
Beds
4
Full Baths
1
Square Ft.
2,369
Lot Size
0.74 Acres
Year Built
1923
MLS Number
637394536
30 Days Snapshot Of 97030
$386k
0%
(avg) sold price
27
+22%
homes sold
75
+36%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Architectural Style: Stories2, Building Area Calculated: 1529, Building Area Description: County, Building Area Total: 2369, Built in 1923, Lower Level Area Total: 840, Main Level Area Total: 1529, Stories: 2
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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