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Listed by John L. Scott Sandy
$ 375,000
Est. payment | /mo
$ 375,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 799342585
HOA Y/N No
Annual Tax Amount $3,896
Property Sub-Type Multi Family
Property Description
Unlock the potential of this nearly ½-acre flat parcel ideally situated near downtown Gresham. Positioned for growth and surrounded by established amenities, this property offers exceptional access to public transit, shopping, dining, and everyday conveniences—making it an attractive location for future residents. Commuters and recreation seekers will appreciate the easy connectivity to both Highway 26 and Interstate 84. Zoned MDR-24, the City of Gresham indicates the potential for 8–10 units, creating a compelling opportunity for middle housing or multifamily development. A residential facility is also an allowable use per City land use code, offering additional flexibility for investors and developers. Buyers to perform their own due diligence regarding all development possibilities and requirements. The level lot, complete with utilities in place, supports a smoother path to construction. The existing brick home presents another possible opportunity by renovating the structure with a rehab loan and utilizing as a single-family residence once again. Either direction, it's an outstanding investment opportunity in a prime growth corridor—bring your vision and explore the possibilities.
Location
State OR
County Multnomah
Area _144
Zoning MDR-24
Exterior
Utilities Available CableAvailable, ElectricityConnected, SewerConnected, WaterConnected
Garage No
Building
Lot Description On Busline, Public Road
Schools
Elementary Schools East Gresham
Middle Schools Dexter Mccarty
High Schools Gresham
Others
Acceptable Financing Cash, Rehab
Listing Terms Cash, Rehab
Nearby Locations
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Drew Ramey
REALTOR® | License ID: 201228242