Prime investment opportunity with unbeatable location and versatility for commercial or multifamily development. This property offers immediate income potential—live in or lease out the charming existing home while navigating the approval process for future development. Its positioning promises solid appreciation potential, making it ideal for savvy investors seeking long-term growth in a high-demand area. Sellers offering RATE BUYDOWN with an acceptable offer. Hop, skip & a jump to all things Montavilla with updated kitchen, newer vinyl windows & newer roof. Move in to this Montavilla gem on large, dividable lot near multiple freeways, both Mall 205 and Montavilla shops, restaurants, movie theatre and more. Near Mount Tabor Park trails, dog park, playground, volleyball, basketball and tennis courts, and home of the infamous Adult Soapbox Derby held annually in August. Updated kitchen with granite countertops, new cabinetry, newer appliances, and tile floor open to dining with granite buffet and matching cabinetry, and living room with true hardwood floors under vinyl flooring and wood burning fireplace. Two main level bedrooms plus a 3rd bedroom or bonus on upper level. A full basement with family room and/or entertainment space with bar, laundry, washer & dryer, and tons of storage are needed. Main level access to covered deck, newer hot tub, and huge, fenced backyard with tool shed. Two separate detached garages and RV parking. Newer mechanicals. Buyer to complete due diligence with the city for the desired use/development.
When opportunity knocks, answer the door. Oscar Wilde.If you've ever imagined yourself owning a highly successful, fully operational entrepreneurial enterprise, this is the time Mr. Wilde should be taken to heart! Here is the once in a lifetime opportunity to own and operate a 21,000 plus sq. ft. turnkey, fully leased commercial building with threeestablished enterprises all under one roof. Located in the lively southeast Montavilla neighborhood, the Monticello Antique Marketplace and its 87 contracts (and more in-waiting), Monti's. a successful café with a charming outdoor patio and a second floor 1,500 sq. ft. apartment, have been owned and operated by one savvy entrepreneur since 2000. Answer the door! Her retirement will open a world of opportunity for you!
The median home value in Portland, OR is $537,200. This is higher than the county median home value of $478,700. The national median home value is $338,100. The average price of homes sold in Portland, OR is $537,200. Approximately 50.37% of Portland homes are owned, compared to 44% rented, while 5.63% are vacant. Portland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Portland real estate agent to arrange a tour today!
Portland, Oregon 97216 has a population of 647,176. Portland 97216 is less family-centric than the surrounding county with 29.49% of the households containing married families with children. The county average for households married with children is 31.66%.
The median household income in Portland, Oregon 97216 is $78,476. The median household income for the surrounding county is $76,290 compared to the national median of $69,021. The median age of people living in Portland 97216 is 37.9 years.
The average high temperature in July is 80.5 degrees, with an average low temperature in January of 36.4 degrees. The average rainfall is approximately 42.8 inches per year, with 2.6 inches of snow per year.