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Listed by Kelly Right Real Estate of Portland, LLC
$ 599,000
Est. payment /mo
Active
7827 N DENVER AVE Portland, OR 97217
3,499 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,499 sqft
Price per Sqft $171
Subdivision Arbor Lodge
MLS Listing ID 495769618
Year Built 1959
Annual Tax Amount $6,124
Tax Year 2025
Lot Size 5,227 Sqft
Property 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.
Location
State OR
County Multnomah
Area _141
Zoning RM1
Rooms
Basement Full Basement, Partially Finished
Interior
Heating None
Cooling None
Exterior
View City
Roof Type Composition
Garage No
Building
Lot Description Gentle Sloping, On Busline, Trees
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Peninsula
Middle Schools Ockley Green
High Schools Jefferson
Others
Acceptable Financing Cash, Rehab
Listing Terms Cash, Rehab
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