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Listed by NW Property Advisors
$300,000
Est. payment /mo
0.34 Acres Lot
UPDATED:
11/18/2024 01:29 PM
Key Details
Property Type Vacant Land
Sub Type Recreation Only
Listing Status Active
Purchase Type For Sale
Subdivision Secdtion 14 1S 2E
MLS Listing ID 24394201
Annual Tax Amount $1,277
Tax Year 2024
Lot Size 0.340 Acres
Property Description
Sparsely wooded city lot ready for development. With new middle housing code in place, City says this R-5 lot, after street dedication, offers two potential maximum developments: a single cottage cluster of 12 to 14 units or, partitioned into 3 tax lots, a four-plex on each lot for a total 12 units. With other recent area development and a continued city housing shortage this lot happily has none of the usual environmental, historic or scenic overlays to contend with. And all utility services are adjacent. Completely flat, with a few large trees on it's northern perimeter, this 100 x 150 lot fronts SE Knight street and undeveloped 140th Avenue. Close to Powell Butte Nature Park, with bus service at Foster and 138th, and just north of Foster Rd, road dedication and "maintained status" development brings build-able area for cottage cluster or four-plexes to 10,988 s.f. - an easy build for the established developer/investor. Check with the City for further zoning and development details.
Location
State OR
County Multnomah
Area _143
Zoning R5
Exterior
Utilities Available CableAvailable, ElectricityAvailable, PublicSewer, WaterAvailable
View Trees Woods
Garage No
Building
Lot Description Corner Lot
Schools
Elementary Schools Gilbert Park
Middle Schools Kellogg
High Schools David Douglas
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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