Oregon
Portland
909 Sw GAINES St

$1,075,000

909 Sw GAINES St, Portland, OR 97239

3 beds |
2 baths |
2,264 sqft

Single-Family Home
Built in 1904
0.34acre lot
—— car garage
$475/sqft
Listed 10 months ago

Property 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. 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. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10058334]

Listing Status:: Active
Date Added:: September 16, 2024 at 05:00AM
Listing Office:: Berkshire Hathaway HomeServices NW Real Estate : 503-624-9660
Listing Agent:: Michael Beirwagen : 503-810-0505
MLS ID:: 24385351

Appliances: Dishwasher
Basement: Full basementPartially finished
Heating: Forced air

This listing courtesy of Michael Beirwagen, Berkshire Hathaway HomeServices NW Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Ainsworth Elementary School

2425 SW Vista Ave, Portland, OR, 97201

Grades KG-5

1.00 miles away

Robert Gray Middle School

5505 SW 23rd Ave, Portland, OR, 97239

Grades 6-8

1.17 miles away

Lincoln High School

1600 SW Salmon St, Portland, OR, 97205

Grades 9-12

1.49 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.