$1075000
Price cut: $225K (07-01-2025)
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3 Bed
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1.5 Bath
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2264 SqFt
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288 DOM
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Built: 1904
- Status: Active
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Located next to the nursing school at OHSU, this 15000 SF of land on 3 city lots is zoned RM2. Potential for higher ratio with city approved inclusionary housing. Owner carry options: 5-7 loan with balloon payment at the end, amortized over 20 years, 20% down or more, 8% interest rate, No prepayment penalty after the 36th monthly payment. Huge investor/developer opportunity. The last 3 photos show a view at 25-45 feet from the ground level. From City of Portland Zoning Code RM2: 45'maximum height, which is generally up to 4 stories. Buyer to verify any and all zoning code applications for this property. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10058334]
Listing Provided Courtesy of Michael Beirwagen, Berkshire Hathaway HomeServices NW Real Estate
General Information
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24385351
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SingleFamilyResidence
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288 DOM
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3
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0.34 acres
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1.5
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2264
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1904
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Multnomah
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R247185
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Ainsworth
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West Sylvan
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Lincoln
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Residential
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SingleFamilyResidence
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PORTLAND CITY HMSTD, BLOCK 49, LOT 1-3
Listing Provided Courtesy of Michael Beirwagen, Berkshire Hathaway HomeServices NW Real Estate
PDXA1 Realty Group data last checked: Jul 06, 2025 08:46 | Listing last modified Jul 01, 2025 15:09,
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Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
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.
— Vignesh Chan
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.
— Praveen
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.
— Ramren Garajan
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