1115 1117 N Beech St #13, Portland, OR 97227

9,000 SF corner lot with RM1 Zoning means up to 9 TOTAL UNITS on the property! Potentially TWO ASSETS in the hot N Mississippi Neighborhood: Dividable LOT valued at $250K-$300K & existing, well-maintained DUPLEX valued at $650K-$700K. Split & sell for instant equity capture. Ask about the City's NEW SDCs WAIVER! Exterior basement entry & 7-ft ceilings could be explored as TRIPLEX potential, maximizing your FAR. Duplex rental income may cover holding costs while planning, permitting, and constructing. Duplex is perfectly positioned on the far SW corner of the land -- multiple lot line configurations possible. Alley access creates ease for construction. Buyer to do their due diligence, of course. Builder's Packet available upon request. Dead-end street increases the appeal to resale buyers and/or tenants (very low-traffic). Only 2 blocks to a thriving commercial district, containing event spaces, shopping, dining and services. Easy access to parks, libraries, transit & freeways, too. … read more …