Property Description

OPEN HOUSE SUN.3/1, 12PM-3PM. Opportunity abounds with this historic 1903 farmhouse offering 6 bedrooms, 1.1 baths, and 3,142 square feet of living space on a large lot with development potential. Full of character and charm, this home features generously sized rooms, a functional floor plan, and hardwood floors throughout most of the home. The tall, unfinished basement with separate exterior access provides exciting potential for future expansion or possible rental income.While the home does need TLC, the upside is undeniable. With CM2 (Commercial/Mixed Use) zoning, the property may be divided into three separate 40x114 tax lots or redeveloped to take advantage of medium-scale, pedestrian-oriented development allowances. Zoning permits up to four stories (45 feet), or five stories (55 feet) with bonuses, and allows for a mix of residential, retail, office, employment, or light manufacturing uses. A smaller apartment building has already been developed next door, showcasing the possibilities for this site.Located in Portland's established South Tabor neighborhood, this property boasts a Walk Score of 85 and Bike Score of 89, making it highly accessible and convenient. Enjoy a short commute to downtown Portland and easy access to the shopping, dining, and amenities along 82nd Avenue.Whether you envision restoring a classic farmhouse, creating multiple residences, or starting fresh with a new residential or commercial development, this property offers incredible flexibility and opportunity. Home to be sold as-is. So many possibilities await!