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Listed by Kelly Right Real Estate of Portland, LLC
$500,000
Est. payment /mo
0.95 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Park Place
MLS Listing ID 286405037
HOA Y/N No
Annual Tax Amount $2,149
Tax Year 2025
Lot Size 0.950 Acres
Property Sub-Type Multi Family
Property Description
Well-advanced 0.95-acre development opportunity in Oregon City's Park Place neighborhood, with substantial due diligence and preliminary planning completed. The current concept is a 12-unit attached cottage cluster comprising six duplex buildings. Each approximately 1,000-square-foot residence is designed with 2 bedrooms plus an office and 2.5 bathrooms.Preliminary plans by Iselin Architects include a site plan, elevations, and floor plans. An Oregon City pre-application meeting has been completed for the proposed 12-unit Middle Housing Land Division (MHLD). Completed work includes removal of NROD restrictions, a Cultural Resources Study, a recorded Record of Survey (SN 2024-182), and an Existing Conditions Map.The MHLD concept is designed to place each residence on its own individually deeded lot, providing flexibility to build, hold, or sell units individually. City feedback has also confirmed an alternative layout allowing the property to be divided into four detached single-family lots. R-8 zoning permits a range of housing types, including detached single-family homes, cottages, duplexes, triplexes, quadplexes, townhomes, and ADUs.The site has been cleared of structures and brush. Public water, sewer, natural gas, electric, and cable are available at the street. Conveniently located just east of I-205, minutes from downtown Oregon City and the Clackamas River.Buyer to perform independent due diligence and verify all development potential, approvals, utilities, and information. Seller is an LLC; one member is an Oregon-licensed real estate broker.
Location
State OR
County Clackamas
Area _146
Zoning R8
Exterior
Utilities Available CableAvailable, ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, PublicSewer, WaterAvailable
Garage No
Building
Lot Description Cleared, Public Road, Trees
Schools
Elementary Schools Holcomb
Middle Schools Other
High Schools Oregon City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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