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Jesse Richter

jesse@jesserichter.com +1(503) 310-7012

Listed by Knipe Realty ERA Powered • 503-310-7012

$500,000

Est. payment - /mo

4 Beds

1 Bath

2,369 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,369 sqft

Price per Sqft $211

MLS Listing ID 637394536

Style Stories2

Bedrooms 4

Full Baths 1

HOA Y/N No

Year Built 1923

Annual Tax Amount $4,394

Tax Year 2025

Lot Size 0.740 Acres

Property Sub-Type Single Family Residence

Property Description

Tenants have moved out, call for showing ——Exceptional Medium Density Residential (MDR) infill parcel offering approximately 18-unit residential development potential on nearly 3/4 of an acre positioned just off SE Stark Street with established residential neighborhood backing the property. The site features flat topography and scale that support efficient small-home or cottage-style planning concepts.The seller has engaged in multiple planning discussions regarding development feasibility, and based on those conversations, an approximately 18-unit residential concept appeared consistent with current MDR zoning standards at that time. The project was not formally submitted for land use approval. Buyer to verify all zoning, density allowances, parking standards, and development requirements with the jurisdiction.An existing single-family home is currently located on the property. Value is primarily in the land and development potential.At a list price of $500,000, this offering represents a compelling entry point for builders targeting the $350,000 attainable housing segment, where demand remains strong throughout the Portland metro area. Other possible uses: Car dealership, business, rehab home Opportunities of this size, zoning designation, and price level are increasingly limited.Buyer to conduct independent due diligence regarding utilities, system development charges, demolition considerations, and overall development feasibility.Don't miss out in this Opportunity! (ProForma attached) or call.

Location

State OR

County Multnomah

Area _144

Zoning MDR

Interior

Heating Forced Air

Fireplaces Number 1

Fireplaces Type Wood Burning

Exterior

Garage No

Building

Lot Description Corner Lot, Level

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools North Gresham

Middle Schools Clear Creek

High Schools Gresham

Others

Senior Community No

Acceptable Financing Cash

Listing Terms Cash

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Regional Multiple Listing Service (RMLS)

Nearby Locations

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Jesse Richter

REALTOR® | Knipe Realty ERA Powered | Lic# 201246341

jesse@jesserichter.com

+1(503) 310-7012

7440 SW Hermoso Way, Portland, OR, 97223

21260 SE Stark ST Gresham, OR 97030

Jesse Richter

Key Details

Location

Interior

Exterior

Building

Schools

Others

21260 SE Stark ST