REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Garett & Claire Chadney

[email protected] +1(503) 970-0858

Listed by Oregon First

$512,500

Est. payment - /mo

0.38 Acres Lot

Save Virtual Tour

Open House

Sat Jul 11, 2:00pm - 4:00pm

Sat Jul 18, 12:00pm - 3:00pm

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID 684644048

HOA Y/N No

Annual Tax Amount $7,844

Tax Year 2025

Lot Size 0.380 Acres

Property Sub-Type Single Family Residence

Property Description

PRICE REDUCED – DEVELOP, BUILD, OR HOLD!Rare opportunity for builders, developers, investors, and contractors. Three adjoining tax lots totaling approximately 0.38 acres (0.16, 0.13, and 0.09 acres; taxes include all three lots). The existing home sits on one lot, while the other two may offer future development potential. Build on two parcels while generating income from or occupying the existing home. Buyer to perform all due diligence regarding buildability, development potential, utilities, and intended use.The well-maintained home offers immediate value and flexibility. Live in it, rent it out, or utilize it while pursuing development plans. Natural light fills the spacious floor plan featuring durable laminate flooring, 4 bedrooms, and 2 full bathrooms. A separate exterior entrance to the lower level adds flexibility for multi-generational living, guest quarters, or possible rental income (buyer to verify).The lower level includes a large family room, two generous bedrooms, remodeled bathroom, laundry area, and extra storage. A premium solar panel system will be paid off at closing with a full-price offer, providing long-term energy savings. All kitchen appliances are included.Outside, enjoy ample space for equipment storage, RV parking, staging, or future development. Property features a firepit, unique outdoor stage platform, large outbuilding, and substantial open space rarely found within city limits.Conveniently located just 0.3 miles from Glenfair Elementary and minutes from shopping, dining, and major commuter routes, this property combines today's livability with tomorrow's possibilities.Whether you're seeking your next development project, a long-term investment, or a property with multiple paths to value, this is an opportunity you won't want to miss.

Location

State OR

County Multnomah

Area _142

Zoning R5

Exterior

Utilities Available ElectricityConnected, NaturalGasConnected, SeeRemarks, Sewer500FeetPlus, WaterAvailable

Garage No

Schools

Elementary Schools Glenfair

Middle Schools H.B. Lee

High Schools Reynolds

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Virtual Tour https://vimeo.com/speedsphoto/download/1197501121/b1286dc8a6

Read Less Info

Regional Multiple Listing Service (RMLS)

Nearby School & Business

Get More Information

Garett & Claire Chadney

+1(503) 970-0858

Principal Broker / Owner | License ID: 930300059

Principal Broker / Owner License ID: 930300059

Quick Search

110 NE 157TH AVE Portland, OR 97035

Garett & Claire Chadney

Open House

Key Details

Location

Exterior

Schools

Others

Nearby School & Business

Get More Information