Bought with Kelly Right Real Estate of Portland, LLC
$235,000
$395,000
40.5%For more information regarding the value of a property, please contact us for a free consultation.
2,166 SqFt
SOLD DATE : 10/23/2026
Key Details
Sold Price $235,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,166 sqft
Price per Sqft $108
MLS Listing ID 486079123
Sold Date 10/23/26
Year Built 1957
Annual Tax Amount $7,320
Tax Year 2025
Lot Size 0.310 Acres
Property Description
A hidden gem in the rough with real flexibility. Situated on anapproximately 13,504 SF lot, this property features an existing 2,166 SF, two-level office building with basement, originally built in 1957 and updated over the years with a more modern look and feel. Previously used as an accounting firm and now vacant, the building needs some TLC but offers a solid opportunity for an owner-user or investor. The property was historically zoned commercial before being rezoned prior to annexation into the City of Portland. The existing office use is currently being maintained as a nonconforming use, providing a potential path for a buyer who wishes to continue using the property as an office.Prefer redevelopment? The property is currently zoned RM1, creating potential for duplex, fourplex or other multifamily development. Buyer to perform their own due diligence with the City of Portland regarding development potential and permitted uses. Located near PDX Airport with convenient access to majortransportation routes, shopping, dining and surrounding amenities. Whether you are looking for an office, investment property or redevelopment opportunity, this property gives you options and the flexibility to choose the direction that works for you.
Location
State OR
County Multnomah
Area _142
Zoning RM1
Rooms
Basement Unfinished
Interior
Heating Ceiling
Cooling None
Exterior
Roof Type Other
Garage No
Building
Lot Description Level
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Prescott
Middle Schools Parkrose
High Schools Parkrose
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
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