5135 Ne 42nd Ave, Portland

$600,000

0 Beds
0 Baths
2,880 Sqft
0 Acres
0 Garages

Great redevelopment site on corner lot. Current zoning of R1 is changing to CM2 in 2018. Excellent investment and cash flow opportunity on close-in NE 42nd. Currently a duplex that lives like a 4-plex with a detached room behind the main building built from two shipping containers. Buy and bank it with positive cash flow(6 cap rate) and develop later. See plans for unit layouts.

Essential Information
MLS® #18654458
Price$600,000
Square Footage2,880
Year Built1929
TypeMulti-Family
StatusActive
Community Information
Address5135 Ne 42nd Ave
AreaPortland Northeast
SubdivisionCONCORDIA
CityPortland
CountyMultnomah
StateOR
Zip Code97218
Amenities
Utilities

Garbage, Sewer, Water, Electricity, Heat

Interior
HeatingForced Air
CoolingNone
Has BasementYes
BasementFinished, Partial Basement
# of Stories1
Exterior
ExteriorWood, Vinyl
Lot DescriptionCorner, Level, On Busline
RoofComposition Roofing
School Information
ElementaryVernon
MiddleVernon
HighJefferson
Additional Information
Date ListedFebruary 8th, 2018
Days on Market10
ZoningRemark
Listing Details
OfficeUrban Nest Realty

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Listing information last updated on February 18th, 2018 at 9:39pm PST.

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