540 S NEVADA ST, Portland, OR 97219
- $549,999
- List Price
- $549,999
- Price Change
- ▼ $45,001 1784066799
- Days on Market
- 303
- MLS#
- 274208765
- Property Type
- Land
- Lot Size
- 7, 000 to 9, 999 SqFt
- Region
- Portland NW/ SW/ S, Raleigh Hills
- Status
- ACTIVE
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.
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Additional Information
- Tax Amount
- $6,573
- High School
- Ida B Wells
- Elementary School
- Capitol Hill
- Middle School
- Jackson
- Acres
- 0.17
- Property Type
- Multi Family
- Terms
- Cash, Other, Owner Will Carry
- Utilities Included
- Electricity Available, Natural Gas Available, Public Sewer, Water Available
- Present Use
- Commercial
- Road Surface
- Paved
Mortgage Calculator
Listing courtesy of eXp Realty, LLC.
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