Now accepting back up offers. 5,000 SF lot, R-1 medium density zoning, with current income. Potential zoning change from R-1 to RM-2, allowing up to 2.25:1 FAR with provisions. Gross Income = $31,500. The property is located close to the Adidas Headquarters, restaurants, bars and only a 10 minute drive to downtown Portland. Strong potential to hold the property and limit holding costs until the upcoming zone change, estimated Q1 2020. DO NOT DISTURB TENANTS.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
