$995,000

162nd Powell, Portland, OR 97236

Land
Built in ——
1.42acre lot
—— car garage
$——/sqft
Listed 11 months ago

Property Description

The site consists of two tax lots and is zoned RM1 (ResidentialMulti-Dwelling). Currently, the only improvements on the site is a 1927 four-bedroom/two-bathroom 2,055 SF single family home, that is currently rented for $1,995, with a detached garage. The RM1 zoning allows a 1:1 FAR, or 1:1.5 FAR with bonus provisions, which would allow for up to 61,855- 92,782 SF of residential building area. With Portland looking to eliminate SDC fees for multifamily projects in the near future, the subject property would make an ideal project in a location with solid renter demographics.

Listing Status:: Active
Date Added:: July 17, 2025
Data Last Updated:: June 12, 2026 at 1:42PM
Listing Office:: Vitality Home Realty : 503-260-1003
Listing Agent:: Parvaneh Kalantari : 503-260-1003
MLS ID:: 267233612

General: GarageResidence

Road/Access: Paved
Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: RM1LandR334825
View: View
Current Use: Residential

Utilities: Sewer connectedWater connected

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Parvaneh Kalantari , Vitality Home Realty

Monthly Payment

$Est. Payment

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

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