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Listed by Oregon First
$ 499,999
Est. payment /mo
Price Dropped by $12K
110 NE 157TH AVE Portland, OR 97035
0.38 Acres Lot
Open House
Sat Jul 11, 2:00pm - 4:00pm
Sat Jul 18, 12:00pm - 3:00pm
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 684644048
HOA Y/N No
Annual Tax Amount $7,844
Tax Year 2025
Lot Size 0.380 Acres
Property Sub-Type Single Family Residence
Property Description
DEVELOP, BUILD, HOLD, OR OCCUPY! Rare opportunity for builders, developers, investors, contractors, or buyers looking for long-term value. This unique property includes three adjoining tax lots totaling approximately 0.38 acres. The existing home sits on one lot, while the additional two parcels may offer future development potential. Buyer to complete all due diligence regarding buildability, development options, utilities, zoning, lot usage, and intended use.The existing home adds immediate value and flexibility. Live in it, rent it out, or use it while exploring future plans. The home features a spacious, light-filled floor plan with durable laminate flooring, 4 bedrooms, and 2 full bathrooms. A separate exterior entrance to the lower level creates flexible living options for multi-generational living, guest space, extended household needs, or possible rental income. Buyer to verify.The lower level includes a large family room, two generous bedrooms, a remodeled full bathroom, laundry area, and additional storage. A premium solar panel system will be paid off at closing with an acceptable offer, offering potential long-term energy savings. Kitchen appliances are included.Outside, the property offers rare space within city limits, with room for RV parking, equipment, storage, staging, gardening, or future development vision. Outdoor features include a firepit, unique stage platform, large outbuilding, and substantial open yard space.Convenient location just approximately 0.3 miles from Glenfair Elementary and minutes to shopping, dining, public transportation, and major commuter routes.Whether you are looking for your next development opportunity, a long-term hold, an income-producing property, or a home with multiple paths to value, this property offers flexibility that is hard to find. Bring your ideas and explore the possibilities!
Location
State OR
County Multnomah
Area _142
Zoning R5
Exterior
Utilities Available ElectricityConnected, NaturalGasConnected, SeeRemarks, Sewer500FeetPlus, WaterAvailable
Garage No
Schools
Elementary Schools Glenfair
Middle Schools H.B. Lee
High Schools Reynolds
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
Virtual Tour https://vimeo.com/speedsphoto/download/1197501121/b1286dc8a6
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