3524 SE 42nd Ave Portland, OR 97206
Listing Courtesy of: RMLS / Where Real Estate Collaborative

  3524 SE 42nd Ave Portland, OR 97206

Active (16 Days)
$550,000

Description

House is a fixer and likely not financeable. 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.

MLS #:
24240237
Taxes
$5,036(2023)
Lot Size
0.27 acres
Type
Land
County
Multnomah County

Listed By

Erin Livengood, Where Real Estate Collaborative
Source
RMLS
Last checked May 28 2024 at 4:15 PM PDT
Bathroom Details
School Information
  • Elementary School: Creston
  • Middle School: Hosford
  • High School: Franklin
Additional Listing Info
  • Buyer Brokerage Commission: 2.5
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than (fill in the site owning Broker company name here) are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS™, Portland, Oregon All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 5/28/24 09:15