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Listed by Handris Realty Co.
$ 599,000
Est. payment /mo
Price Dropped by $50K
425 NE 146TH AVE Portland, OR 97230
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 277045500
HOA Y/N No
Annual Tax Amount $4,850
Property Sub-Type Single Family Residence
Property Description
Prime development opportunity in NE Portland with strong infill potential. This property is being offered as a land value/development play with a preliminary fit test suggesting the potential for a 14-unit townhome project (8 smaller units and 6 larger units). Ideal for builders or investors looking for their next infill project in a growing area with strong resale demand.The existing structure on site is considered functionally obsolete and the property is best suited for redevelopment or rehab. Preliminary architectural concepts and fit test available for review to help illustrate the potential vision for the site. Buyer to perform all due diligence regarding zoning, density, utilities, and development feasibility.Conveniently located with access to major commuter routes, shopping, and amenities, this site presents a compelling opportunity for a developer to capitalize on new construction demand in the Portland market. Rare chance to acquire a project-ready site where much of the initial visioning work has already been completed. Bring your builder, investor, or development team — opportunities like this are limited.
Location
State OR
County Multnomah
Area _142
Zoning RM1/RM2
Exterior
Utilities Available ElectricityConnected, SewerConnected, WaterConnected
Garage No
Schools
Elementary Schools Glenfair
Middle Schools H.B. Lee
High Schools Reynolds
Others
Acceptable Financing Cash, Rehab
Listing Terms Cash, Rehab
Nearby Locations