BEDS3
BATHS2 full
SQUARE FEET1,140
MLS#163506094
STATUSActive
PROPERTY TYPEResidential - Single Family
Property Description
This single-family home is offered as part of a 13-property, 43-unit residential portfolio that is 98% leased, primarily located in Southeast and Northeast Portland, and will be sold via Sealed Bid Auction on June 3, 2026.The home is currently leased and situated on a 12,197+ sq. ft. lot that shares access with Auction Property #112. Zoned RM2, the site allows for a 3- to 4-story building with a minimum density of one unit per 2,000 sq. ft., permitting up to six units, with potential for increased density subject to City of Portland approval. Projected 2026 gross income is $18,480. The tenant has occupied the home for over four years. Real estate taxes are $3,844, and the landlord covers trash service.This property offers a unique opportunity to secure in-place income with significant future development potential in Southeast Portland.
Property Features
Property Type: Residential - Single Family
Basement: Crawl Space
Days on Market: 2
Fireplaces: 1
Fuel Type: Electricity
Garage: 1 car attached
Heating: Forced Air
Home Style: 1 Story, Ranch
Lot Size: 0.28 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $3,846
Year Built: 1976
Feature Descriptions
Bathroom: 2.0 (Main)
Exterior: Wood Siding
Lot: Level, Public Road
Lot Dimensions: 0
Parking Notes: Attached, Driveway
Rental Amount: $1540.00
Sewer: Public Sewer
Special View Info: Territorial
Square Footage: 1140 (Main)
Water: Public Water
Local Schools
High School: David Douglas
Middle School: Ron Russell
Elementary School: Lincoln Park
Listed By / Shown By
Listed By
Agency Name: Realty Marketing / Northwest
Agency Phone: 503-224-1906
Shown By
Agent Name: Lawana Smith License Number 200809031
Agent Phone: (503) 312-8836
Estimate Your Payment
Estimated Payment
$ 320.50 per month $0.00 Principal & Interest $320.50 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
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