$1295000
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Bed
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Bath
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SqFt
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1 DOM
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Built:
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Status: Active
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The site consists of two tax lots and is zoned RM1 (ResidentialMulti-Dwelling). Currently, the only improvements on the site is a 1927 four-bedroom/two-bathroom 2,055 SF single family home, that is currently rented for $1,995, with a detached garage. The RM1 zoning allows a 1:1 FAR, or 1:1.5 FAR with bonus provisions, which would allow for up to 61,855- 92,782 SF of residential building area. With Portland looking to eliminate SDC fees for multifamily projects in the near future, the subject property would make an ideal project in a location with solid renter demographics.
Listing Provided Courtesy of Parvaneh Kalantari, Vitality Home Realty
General Information
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267233612
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MultiFamily
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1 DOM
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1.42 acres
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RM1
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Multnomah
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R334825
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Powell Butte
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Centennial
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Centennial
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Land
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MultiFamily
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Land
Listing Provided Courtesy of Parvaneh Kalantari, Vitality Home Realty
PDXA1 Realty Group data last checked: Jul 18, 2025 06:41 | Listing last modified Jul 17, 2025 18:01,
Source:
Residence Information
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No
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Features and Utilities
Financial
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13120
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0
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Cash,Conventional
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07-17-2025
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No
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No
Comparable Information
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1
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1
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Cash,Conventional
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$1,295,000
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$1,295,000
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Jul 17, 2025 18:01
Schools
Map
Listing courtesy of Vitality Home Realty.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Jul 18, 2025 06:41 | Listing last modified Jul 17, 2025 18:01.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
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Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
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Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
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