Description
Unique Southeast Portland Opportunity with Flexible CM3 Zoning!Discover the possibilities with this extensively remodeled 616-square-foot building situated on a 4,000-square-foot lot in a convenient Southeast Portland location with easy access to I-205. Whether you're seeking a live/work environment, creative studio space, or a property with future redevelopment potential, this versatile property offers numerous possibilities.Remodeling began in 2022, with the majority of improvements completed in 2025. Interior upgrades include durable wide-plank luxury vinyl plank flooring, fresh paint, new interior doors and trim, updated bathroom fixtures, LED lighting, and a roof-mounted HVAC system for year-round comfort.The thoughtfully designed interior includes a kitchenette with new cabinetry, quartz countertops, built-in microwave, refrigerator, shower, and an all-in-one washer/dryer unit, providing many of the conveniences desired for day-to-day occupancy.Outside, the spacious yard offers room for outdoor living, gardening, storage, hobbies, or future improvements. Three on-site parking spaces add convenience and functionality.Flexible CM3 zoning allows for a variety of commercial, office, mixed-use, and potential residential redevelopment opportunities. Future development possibilities may include a mixed-use project with residential units above commercial space or redevelopment into a larger structure, subject to City approval. Buyer to verify permitted uses and development potential with the City of Portland.A rare opportunity to acquire a move-in-ready property with modern updates, excellent accessibility, and long-term upside in a growing Southeast Portland locati
Details
| MLS # | 753120845 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1986 |
| Days On Site | 140 |
| Listing Provided By | Realty First | Greg Carnese |
Features
| Bath(s) | 1 Total |
|---|---|
| SQ Feet | 616 |
| Story(s) | 1 |
| Zoning | CM3 |
| Acreage | 0.09 |
Interior
| Heating | Heat Pump |
|---|---|
| Heating Yn | Yes |
| Cooling | Central Air, Heat Pump |
| Cooling Yn | Yes |
| Interior Features | Luxury Vinyl Plank, Quartz, Washer Dryer |
| Window Features | Double Pane Windows |
| Appliances | Disposal, Free Standing Refrigerator, Microwave, Quartz, Solid Surface Countertop, Stainless Steel Appliance |
Exterior
| Exterior Features | Yard |
|---|---|
| Roof | Composition |
| Foundation Details | Concrete Perimeter |
| Lot Features | Level |
Parking
| Attached Garage Yn | No |
|---|---|
| Parking Features | Off Street, Parking Pad |
Taxes
| Property | 2684 |
|---|
Area Information
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97266 |
| School District | Franklin |
| Elementary School | Woodmere |
| High School | Franklin |
| Listing VS Median (in 97266) | |
Price: $325,000 low | high Med: $409,900 sqft: 616 low | high Med: 1,234 $ / sqft: $528 low | high Med: $353 On site: 140 low | high Med: 12 | |
Market Activity 97266
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Learn More About This Property
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97266 |
| School District | Franklin |
| Elementary School | Woodmere |
| High School | Franklin |
| Listing VS Median (in 97266) | |
Price: $325,000 low | high Med: $409,900 sqft: 616 low | high Med: 1,234 $ / sqft: $528 low | high Med: $353 On site: 140 low | high Med: 12 | |
