909 SW GAINES STPortland, OR 97239
Rare developer and investor opportunity directly across from OHSU Hospital and adjacent to the medical and nursing schools! This premium location features approximately 15,000 SF of land spanning 3 city lots zoned RM2. Excellent potential for future growth with the massive benefit of immediate holding income: the property features an existing 3-story, 3-bedroom residential home that is currently rented. Perfect for a covered land play while you finalize your development plans in a high-demand medical community footprint. The final listing photos showcase the incredible views captured from 25-45 feet above ground level. According to City of Portland Zoning Code, RM2 allows a 45-foot maximum height, generally up to 4 stories, with potential for a higher ratio via city-approved inclusionary housing. Buyer to independently verify any and all zoning code applications, restrictions, and development potential. Owner will consider owner financing terms. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10058334]
- Property Type:
Residential
- Architectural Style:
Bungalow
- Bedrooms:
3
- Bathrooms:
2
- Dwelling Size:
2,264 Square Feet
- Lot Size:
0.34 Acres
- Lot Description:
- Stories:
2
- Year Built:
1904
- Interior Features:
- Exterior Features:
- Parking:
Garage or Parking Spaces: 0
Features:
- Area:
_148
- Views:
Territorial
- Schools:
High School(s): Lincoln
Middle School(s): West Sylvan
Elementary School(s): Ainsworth
- HOA:
- Senior Community:
- Heating:
ForcedAir
- Cooling:
- Appliances:
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
- Foundation:
- Roof:
Composition