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Listed by Knipe Realty ERA Powered • 503-310-7012
$500,000
Est. payment /mo
4 Beds
1 Bath
2,369 SqFt
Active
21260 SE Stark ST Gresham, OR 97030
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,369 sqft
Price per Sqft $211
MLS Listing ID 637394536
Style Stories2
Bedrooms 4
Full Baths 1
HOA Y/N No
Year Built 1923
Annual Tax Amount $4,394
Tax Year 2025
Lot Size 0.740 Acres
Property Sub-Type Single Family Residence
Property Description
Exceptional Medium Density Residential (MDR) infill parcel offering approximately 18-unit residential development potential on nearly 3/4 of an acre positioned just off SE Stark Street with established residential neighborhood backing the property. The site features flat topography and scale that support efficient small-home or cottage-style planning concepts.The seller has engaged in multiple planning discussions regarding development feasibility, and based on those conversations, an approximately 18-unit residential concept appeared consistent with current MDR zoning standards at that time. The project was not formally submitted for land use approval. Buyer to verify all zoning, density allowances, parking standards, and development requirements with the jurisdiction.An existing single-family home is currently located on the property. Value is primarily in the land and development potential.At a list price of $500,000, this offering represents a compelling entry point for builders targeting the $350,000 attainable housing segment, where demand remains strong throughout the Portland metro area. Opportunities of this size, zoning designation, and price level are increasingly limited.Buyer to conduct independent due diligence regarding utilities, system development charges, demolition considerations, and overall development feasibility.Don't miss out in this Opportunity! (ProForma attached) or call, I can send in an email.
Location
State OR
County Multnomah
Area _144
Zoning MDR
Interior
Heating Forced Air
Fireplaces Number 1
Fireplaces Type Wood Burning
Exterior
Garage No
Building
Lot Description Corner Lot, Level
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools North Gresham
Middle Schools Clear Creek
High Schools Gresham
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
NEARBY SCHOOLS & PROPERTIES
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