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About the Listing RGIC02 - CAPENJ,DENNISON
Fantastic land bank with wonderful cash flow situated in the Centennial neighborhood on a rare, dividable 0.48-acre lot zoned RM1, this property offers a unique blend of cash flow and future development possibilities. Each of the three units features 2 bedrooms and 1 bathroom, with updates completed to varying degrees. Units are equipped with central air conditioning, in-unit washers and dryers, electric or gas ranges, and free-standing refrigerators for tenant convenience. Unit 505 showcases wood flooring, black appliances, a cozy fireplace with brick surround, and a stackable washer and dryer. Unit 511 offers distinctive Spanish tile in the kitchen, stainless steel appliances, gas cooking, a carpeted living room with a woodstove, a full-size washer and dryer, and a relaxing soaking tub. Unit 513, located on the lower level, features laminate wood flooring, white appliances, a built-in microwave, and a soaking tub. Residents enjoy access to a shared outdoor spaces complete with a covered back patio, raised garden beds, and an inviting outdoor fireplace. The expansive, level backyard provides ample room for gardening, recreation, or future expansion. Additional highlights include two rentable garages for added income and driveway parking for at least six vehicles. Whether you're looking to subdivide and build on the entire lot or a portion thereof, maintain as an income-producing property, or create a multi-generational living compound, this property offers endless possibilities in a prime location.
Listing Highlights
Status
Active
Days on Site
16
Property Type
Vacant Land
MLS ®
664175852
Year Built
Total Square Footage
0
Lot/Acreage
0.48
County
Multnomah
Neighborhood
Centennial
Elementary School
Parklane
Middle School
Oliver
High School
Centennial
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Level,Commons,Public Road
- Garage Capacity: N/A
- Zoning: RM1
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $9,789
- Taxes w/Assessments: N/A
- Tax/Property ID: R255684
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
501 SE 157th Ave Portland, OR 97233
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