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Listed by Fathom Realty Oregon, LLC • 503-866-6682
$ 820,000
Est. payment | /mo
0.72 Acres Lot
$ 820,000
Est. payment | /mo
0.72 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24108164
Annual Tax Amount $3,206
Tax Year 2023
Lot Size 0.720 Acres
Property Description
This unique portfolio offers two separate tax lots .36 each 10412 and 10422 SE Division St totaling .72 acres of prime land just a third of a mile from the I-205 interchange. With 33,000 square feet of raw land zoned RM1, this property is ideally suited for residential development.The RM1 zoning is specifically designed for multifamily development, allowing for a variety of housing options such as duplexes, triplexes, rowhouses, and small apartment complexes. The highest and best use is building. This is a rare opportunity to develop in a highly desirable location with easy access to major transportation routes and local amenities. Old House with no value on 10422 Demolished at cost to seller to help expedite development plan for potential buyer. Preliminary plan documents for townhouse development available upon request from interested buyers.
Location
State OR
County Multnomah
Area _143
Zoning RM1
Exterior
Utilities Available None
Garage No
Schools
Elementary Schools Harrison Park
Middle Schools Harrison Park
High Schools Leodis Mcdaniel
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Nicole Richards
REALTOR®, Broker, Investor | Lic# OR 930200328 | AZ SA708210000