Bought with Living Room Realty
For more information regarding the value of a property, please contact us for a free consultation.
605 NE JESSUP ST Portland, OR 97211
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $410,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,472 sqft
Price per Sqft $165
MLS Listing ID 24541943
Sold Date 02/16/24
Style Bungalow
Bedrooms 3
Full Baths 1
Year Built 1904
Annual Tax Amount $2,961
Tax Year 2023
Lot Size 6,969 Sqft
Property Description
Unique Opportunity: Fixer with RM1 Zoning and Potential in a Prime Location! This property offers a distinctive chance for the savvy investor or developer. Situated in a highly desirable location, just off MLK Blvd, this .16-acre lot (approx. 7100 sq ft) is zoned RM1, offering versatile possibilities for multi-unit development, potentially up to 3 stories tall. Built in 1904, the existing house requires renovation or demolition, but the true value lies in the land and its zoning potential. A large shop on the property adds to the possibilities. The location is a highlight, offering easy access to shopping, transportation, parks, restaurants, and more. Whether you're a developer looking to maximize the potential of this RM1 zoned lot or a buyer with a vision to transform this property, this is an incredible opportunity.
Location
State OR
County Multnomah
Area _142
Rooms
Basement Daylight, Unfinished
Interior
Heating None
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Insert
Exterior
Exterior Feature Outbuilding
Parking Features Detached
Garage Spaces 2.0
Roof Type Composition
Garage Yes
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Martinl King Jr
Middle Schools Martinl King Jr
High Schools Grant
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
Read Less