Located next to the nursing school at OHSU, this 15000 SF of land on 3 city lots is zoned RM2. Potential for higher ratio with city approved inclusionary housing. Owner carry options: 5-7 loan with balloon payment at the end, amortized over 20 years, 20% down or more, 8% interest rate, No prepayment penalty after the 36th monthly payment. Huge investor/developer opportunity. The last 3 photos show a view at 25-45 feet from the ground level. From City of Portland Zoning Code RM2: 45'maximum height, which is generally up to 4 stories. Buyer to verify any and all zoning code applications for this property. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10058334]
Listing Provided Courtesy of Michael Beirwagen, Berkshire Hathaway HomeServices NW Real Estate
General Information
24385351
SingleFamilyResidence
288
DOM
3
0.34 acres
1.5
2264
1904
Multnomah
R247185
Ainsworth
West Sylvan
Lincoln
Residential
SingleFamilyResidence
PORTLAND CITY HMSTD, BLOCK 49, LOT 1-3
Listing Provided Courtesy of Michael Beirwagen, Berkshire Hathaway HomeServices NW Real Estate
Krishna Realty data last checked: Jul 15, 2025 05:44 | Listing last modified Jul 01, 2025 15:09,
Source:
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Residence Information
0
1544
720
2264
tax
1544
3
1
1
1.5
Composition
Bungalow
2
1904
Yes
LapSiding
FullBasement,PartiallyFinished
FullBasement,Partial
Features and Utilities
Dishwasher
Gas
ForcedAir
PublicSewer
Gas
Gas
Financial
10387.7
0
Cash,Conventional,OwnerWillCarry,VALoan
09-16-2024
No
No
Comparable Information
288
302
Cash,Conventional,OwnerWillCarry,VALoan
$1,300,000
$1,075,000
Jul 01, 2025 15:09
Schools
Elementary : AinsworthN/ARatings Middle : West Sylvan N/ARatings High : LincolnN/ARatings
Map
Listing courtesy of Berkshire Hathaway HomeServices NW Real Estate.
Located next to the nursing school at OHSU, this 15000 SF of land on 3 city lots is zoned RM2. Potential for higher ratio with city approved inclusionary housing. Owner carry options: 5-7 loan with balloon payment at the end, amortized over 20 years, 20% down or more, 8% interest rate, No prepayment penalty after the 36th monthly payment. Huge investor/developer opportunity. The last 3 photos show a view at 25-45 feet from the ground level. From City of Portland Zoning Code RM2: 45'maximum height, which is generally up to 4 stories. Buyer to verify any and all zoning code applications for this property. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10058334]
