Property Description

Conveniently located 2-Story Home with 3 Bedrooms and 2 Baths, 1 block away from MAX Station, Bus Line, I-5, Shopping, Minutes to University of Portland. Master Suite with Full Bath, Walk-in Closet and Covered Balcony, Laminate Floors throughout main floor, Updated Kitchen with Slab Granite Countertops, Refrigerator is included. The Roof was replaced about 10 years ago. Fenced Backyard, Patio for BBQ and RV/Boat Parking. Development Opportunity: From Portland Permitting & Development...The RM3 zoning has a minimum density of one unit / 1,000 s.f. of site area, so if the lot were redeveloped, it would need at least a 5-plex. The RM3 zone and the North Interstate plan district would actually allow even more intense development up to a 4 to1 floor area ratio (20k s.f.) and 75-ft of height. The d' overlay zone would potentially apply additional design standards to any development or an applicant could choose to go through design review. The RM3 zone does not regulate a maximum density, only a minimum density which is 5 units. The idea is to provide the flexibility to consider a range of unit types or sizes, as long as there are at least 5 dwelling units. You could do 5, 3-bedroom condos or 15, studio or 1-bedroom apartments. Buyer to verify all information. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10247071]