Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

962 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

909 SW Gaines St 0.34 Acres of Residential Land Offered at $1,472,341 CAD in Portland, OR 97239

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Next to OHSU Nursing School
Investment Opportunity

City View

Executive Summary

Located next to the nursing school at OHSU, this 15000 SF of land on 3 city lots is zoned RM2. Potential for higher ratio with city approved inclusionary housing. Owner carry options: 5-7 loan with balloon payment at the end, amortized over 20 years, 20% down or more, 8% interest rate, No prepayment penalty after the 36th monthly payment. Huge investor/developer opportunity. The last 3 photos show a view at 25-45 feet from the ground level. From City of Portland Zoning Code RM2: 45'maximum height, which is generally up to 4 stories. Buyer to verify any and all zoning code applications for this property.

Property Facts

Price	$1,472,341 CAD	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
Sale Condition	Redevelopment Project	Proposed Use	Mixed Use Apartment Units Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Single Family Development
No. Lots	1	Total Lot Size	0.34 AC
Zoning	RM2

Price	$1,472,341 CAD
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Mixed Use Apartment Units Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Single Family Development
Total Lot Size	0.34 AC
Zoning	RM2

1 Lot Available

Lot

Price	$1,472,341 CAD	Lot Size	0.34 AC
Price Per AC	$4,330,416.07 CAD

Price	$1,472,341 CAD
Price Per AC	$4,330,416.07 CAD
Lot Size	0.34 AC

15000 SF of land on 3 city lots is zoned RM2. Potential for higher ratio with city approved inclusionary housing. Huge investor/developer opportunity.

Description

Located next to the nursing school at OHSU, this 15000 SF of land on 3 city lots is zoned RM2. Potential for higher ratio with city approved inclusionary housing. Huge investor/developer opportunity. The last 3 photos show a view at 25-45 feet from the ground level. From City of Portland Zoning Code RM2: 45'maximum height, which is generally up to 4 stories. 1.5:1 FAR. increasing to 2.25:1 with bonus provisions, such as affordable housing. Buyer to verify any and all zoning code applications for this property.

1 1