3524 SE 42nd Ave Portland, OR 97206

MAJOR PRICE ADJUSTMENT, SOLD AS-IS, no repairs or concessions by seller. House is a fixer and likely not financeable, very much a tear-down. The value is in the oversized lot, which backs to Creston Park and is zoned RM1. Per the City of Portland - The RM1 zone is a low-scale multi-dwelling zone applied around centers and corridors in locations near single-dwelling residential areas. Housing is generally characterized by 1-3 story buildings with front setbacks that relate to the patterns of residential neighborhoods. The types of new development include duplexes, rowhouses, courtyard housing and small apartment buildings.Great opportunity to build multi-family options on this oversized lot backing up to Creston Park. Amenities, services, public transportation all right here, making this parcel a practical investment purchase. Buyer responsible for all due diligence with City/County with regards to use, planning and zoning, PBOT, etc. Existing home sustained severe damage during winter storm Feb. 2024 and is not financeable.