909 SW GAINES ST, Portland, OR 97239
- $1,075,000
- 3
- BD
- 1
- BA
- 2,264
- SqFt
- List Price
- $1,075,000
- Days on Market
- 54
- Status
- ACTIVE
- MLS#
- 692771136
- Bedrooms
- 3
- Bathrooms
- 1
- Partial Bathrooms
- 1
- Living Area
- 2,264
- Lot Size
- 15, 000 to 19, 999 SqFt
- Region
- Portland NW/ SW/ S, Raleigh Hills
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. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10058334]
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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
- Stories
- 2
- Property Type
- Single Family Residence
- Lot Size Dimension
- 3, 50X100 Lots
- Terms
- Cash, Conventional, Owner Will Carry, VA Loan
- Master Bedroom Level
- Upper
- Fuel Description
- Gas
- Heating Description
- Forced Air
- Hot Water Description
- Gas
- Exterior Description
- Lap Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Style
- Bungalow
- View
- Territorial
- Road Surface
- Paved
Mortgage Calculator
Listing courtesy of Berkshire Hathaway HomeServices NW Real Estate.
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