909 SW GAINES ST, Portland, OR 97239
- $1,075,000
- 2,264
- SqFt
- List Price
- $1,075,000
- Days on Market
- 54
- MLS#
- 625599636
- Property Type
- Multifamily
- Sqft. of Residence
- 2,264
- Lot Size
- 15, 000 to 19, 999 SqFt
- Region
- Portland NW/ SW/ S, Raleigh Hills
- Status
- ACTIVE
Property Description
Rare developer and investor opportunity directly across from OHSU Hospital and adjacent to the medical and nursing schools! This premium location features approximately 15,000 SF of land spanning 3 city lots zoned RM2. Excellent potential for future growth with the massive benefit of immediate holding income: the property features an existing 3-story, 3-bedroom residential home that is currently rented. Perfect for a covered land play while you finalize your development plans in a high-demand medical community footprint. The final listing photos showcase the incredible views captured from 25-45 feet above ground level. According to City of Portland Zoning Code, RM2 allows a 45-foot maximum height, generally up to 4 stories, with potential for a higher ratio via city-approved inclusionary housing. Buyer to independently verify any and all zoning code applications, restrictions, and development potential. Owner will consider owner financing terms.
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Additional Information
- Tax Amount
- $10,774
- Year Built
- 1904
- High School
- Lincoln
- Elementary School
- Ainsworth
- Middle School
- West Sylvan
- Acres
- 0.34
- Living Area
- 2,264
- Terms
- Cash, Conventional, Owner Will Carry, VA Loan
- Fuel Description
- Gas
- Heating Description
- Forced Air
- Hoa Rent Includes
- None
- Hot Water Description
- Gas
- Exterior Description
- Lap Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- View
- Territorial
- Parking
- Driveway
- Parking Description
- Driveway
- Road Surface
- Paved
- Number Of Units Total
- 1
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 3
- Unit Type One Rent
- 1700
- Unit Type One Sq Ft
- 2264
- Unit Type One Units Total
- 1
Mortgage Calculator
Listing courtesy of Berkshire Hathaway HomeServices NW Real Estate.
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 © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.