An exceptional teardown/development opportunity in the heart of Cully! Sitting on a generous 9,000 sq ft R7-zoned lot, this property offers flexibility for redevelopment or extreme renovation/rebuild— including potential for a single-family home with ADUs, duplex, fourplex, cottage cluster, or up to six units with affordability bonuses (per MHLD zoning provisions). A recent feasibility/design-build report confirms multiple viable development paths, including FAR bonuses, tree and storm water allowances, and infrastructure upgrade requirements. The site is flat, well-drained, and fronts a quiet stretch of NE Alberta, eligible for LTIC in lieu of frontage construction.Whether you're a builder, developer, or future homeowner envisioning custom new construction, this is a rare canvas with real architectural and income potential. Ideal for developers or buyers with vision—whether you're building new or exploring high-effort renovation potential.* Feasibility Report Available to purchaser* Multiple unit types permitted (SFR, ADU, Four-Sixplex, Cottage Cluster)* Affordable housing incentives & SDC exemptions* Lot is 50’ wide by 180’ deep lot (9,000 sf) | Zoned R7* Gross Development Value: up to ~$2,000,000 (six plex) * Existing structures on the property...* 1,152 sf single story SFR with no basement, built in 1942* 80 sf shed and 240 sf detached garage. City of Portland email info on property available.
Listing Provided Courtesy of Carlon Way, Real Estate Experts
General Information
244668248
SingleFamilyResidence
7
DOM
3
9147.6 SqFt
1
1152
1942
Multnomah
R250165
Rigler 2/10
Beaumont
Leodis McDaniel
Residential
SingleFamilyResidence
PRIMROSE PK, BLOCK 3, LOT 21
Listing Provided Courtesy of Carlon Way, Real Estate Experts
Krishna Realty data last checked: Jul 25, 2025 04:06 | Listing last modified Jun 01, 2025 18:29,
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Residence Information
0
1152
0
1152
County
1152
3
1
0
1
Composition
1, Detached
Stories1
Driveway,OnStreet
1
1942
No
WoodSiding
CrawlSpace
CrawlSpace
ConcretePerimeter
WoodFrames
Features and Utilities
OneLevel
Gas
None, WoodStove
PublicSewer
Gas
Other
Financial
3802.99
0
Cash
05-25-2025
No
No
Comparable Information
06-01-2025
7
7
Cash
$325,000
$325,000
Jun 01, 2025 18:29
Schools
public Elementary : Rigler
2/10Ratings Middle : Beaumont N/ARatings High : Leodis McDanielN/ARatings
An exceptional teardown/development opportunity in the heart of Cully! Sitting on a generous 9,000 sq ft R7-zoned lot, this property offers flexibility for redevelopment or extreme renovation/rebuild— including potential for a single-family home with ADUs, duplex, fourplex, cottage cluster, or up to six units with affordability bonuses (per MHLD zoning provisions). A recent feasibility/design-build report confirms multiple viable development paths, including FAR bonuses, tree and storm water allowances, and infrastructure upgrade requirements. The site is flat, well-drained, and fronts a quiet stretch of NE Alberta, eligible for LTIC in lieu of frontage construction.Whether you're a builder, developer, or future homeowner envisioning custom new construction, this is a rare canvas with real architectural and income potential. Ideal for developers or buyers with vision—whether you're building new or exploring high-effort renovation potential.* Feasibility Report Available to purchaser* Multiple unit types permitted (SFR, ADU, Four-Sixplex, Cottage Cluster)* Affordable housing incentives & SDC exemptions* Lot is 50’ wide by 180’ deep lot (9,000 sf) | Zoned R7* Gross Development Value: up to ~$2,000,000 (six plex) * Existing structures on the property...* 1,152 sf single story SFR with no basement, built in 1942* 80 sf shed and 240 sf detached garage. City of Portland email info on property available.