The site consists of two tax lots and is zoned RM1 (ResidentialMulti-Dwelling). Currently, the only improvements on the site is a 1927 four-bedroom/two-bathroom 2,055 SF single family home, that is currently rented for $1,995, with a detached garage. The RM1 zoning allows a 1:1 FAR, or 1:1.5 FAR with bonus provisions, which would allow for up to 61,855- 92,782 SF of residential building area. With Portland looking to eliminate SDC fees for multifamily projects in the near future, the subject property would make an ideal project in a location with solid renter demographics.
Listing Provided Courtesy of Parvaneh Kalantari, Vitality Home Realty
General Information
267233612
MultiFamily
1
DOM
1.42 acres
RM1
Multnomah
R334825
Powell Butte 3/10
Centennial 6/10
Centennial 6/10
Land
MultiFamily
Land
Listing Provided Courtesy of Parvaneh Kalantari, Vitality Home Realty
Krishna Realty data last checked: Aug 12, 2025 18:48 | Listing last modified Jul 17, 2025 18:01,
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Residence Information
No
Features and Utilities
Financial
13120
0
Cash,Conventional
07-17-2025
No
No
Comparable Information
1
26
Cash,Conventional
$1,295,000
$1,295,000
Jul 17, 2025 18:01
Schools
public Elementary : Powell Butte
3/10Ratingspublic Middle : Centennial
6/10Ratingspublic High : Centennial
6/10Ratings
The site consists of two tax lots and is zoned RM1 (ResidentialMulti-Dwelling). Currently, the only improvements on the site is a 1927 four-bedroom/two-bathroom 2,055 SF single family home, that is currently rented for $1,995, with a detached garage. The RM1 zoning allows a 1:1 FAR, or 1:1.5 FAR with bonus provisions, which would allow for up to 61,855- 92,782 SF of residential building area. With Portland looking to eliminate SDC fees for multifamily projects in the near future, the subject property would make an ideal project in a location with solid renter demographics.
