Overview
- 3499 Sqft
- 1959
- MultiFamily
- 495769618
- 0.12 Acres
- Kelly Right Real Estate of Portland, LLC
- Jordan Tietz
Description
Outstanding investment and redevelopment opportunity on Denver Ave in North Portland. Seller has obtained fully approved City of Portland plans to convert the existing duplex into a legal four-plex — eliminating months of permitting delays and positioning this project for rapid completion and resale or long-term cash flow.High-value improvements already completed: Oil tank decommissioned, Sewer line repair complete, New exterior paint, Extensive rough-in plumbing started, Full interior demo and debris removal done, several new windows installed. This property is ready for a savvy investor or contractor to take over to complete the rough-in stage and move directly into drywall and finish work. Ideal for those seeking a shovel-ready project with strong upside potential in a desirable, appreciating area. Approved four-plex plans included with sale. Future buyers may be able to save thousands with City of Portland’s SDC waiver program on this project.
Details
Updated on March 3, 2026 at 12:38 am-
MLS# 495769618
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Price $575,000
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Property Size 3499 Sqft
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Land Area 0.12 Acres
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Garage Size x x
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Year Built 1959
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Property Type MultiFamily
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Property Status Active
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Office Name Kelly Right Real Estate of Portland, LLC
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Agent Name Jordan Tietz
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Office Phone 503-719-6056
Additional details
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Listing Terms Cash, Rehab
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Roof Composition
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Sewer Public Sewer
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Cooling None
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Heating None
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County Multnomah
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Property Type MultiFamily
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Parking Driveway, Off Street
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Elementary School Peninsula
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Middle School Ockley Green
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High School Jefferson
Walkscore
Mortgage Calculator
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Down Payment
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Loan Amount
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PMI
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Monthly HOA Fees
Contact Information
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