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Additional details
Listed by eXp Realty, LLC • 310-422-6044
$ 549,999
Est. payment /mo
Price Dropped by $45K
540 S NEVADA ST Portland, OR 97219
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 274208765
HOA Y/N No
Annual Tax Amount $6,573
Tax Year 2024
Lot Size 7,405 Sqft
Property Sub-Type Multi Family
Property Description
Opportunity knocks! Take advantage of this rare offering, a 7,400 SqFt nearly level lot, zoned RM1, in an absolutely prime location! Based on Portland zoning specs, this site allows for a MINIMUM of 1 dwelling per 2,500 SqFt of land with no maximum number of dwellings specified. The current decommissioned pump house can be preserved and potentially repurposed into some form of commercial use, converted into residential use & expanded onto, or torn down to build completely new and maximize the building footprint and total unit count. Buyer to do due diligence. Seller may consider owner carried financing for a limited term if needed, either until construction financing funds, or permits are fully approved.
Location
State OR
County Multnomah
Area _148
Zoning RM1
Exterior
Utilities Available ElectricityAvailable, NaturalGasAvailable, PublicSewer, WaterAvailable
Garage No
Schools
Elementary Schools Capitol Hill
Middle Schools Jackson
High Schools Ida B Wells
Others
Acceptable Financing Cash, Other, OwnerWillCarry
Listing Terms Cash, Other, OwnerWillCarry
Amenities & Attractions