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540 S Nevada St, Portland
$549,999
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- Lot size
- 7,405 sqft
- Property type
- Land
- Days on market
- 393
Overview
Opportunity knocks! Take advantage of this rare offering, a 7,400 SqFt nearly level lot, zoned RM1, in an absolutely prime location! Based on Portland zoning specs, this site allows for a MINIMUM of 1 dwelling per 2,500 SqFt of land with no maximum number of dwellings specified. The current decommissioned pump house can be preserved and potentially repurposed into some form of commercial use, converted into residential use & expanded onto, or torn down to build completely new and maximize the building footprint and total unit count. Buyer to do due diligence. Seller may consider owner carried financing for a limited term if needed, either until construction financing funds, or permits are fully approved.
Details
Interior
- Cooling
- No
- Heating
- No
Exterior and lot
- Lot size
- 7,405 sqft
- View
- No
Schools
- High school
- Ida B Wells
- Middle school
- Jackson
- Elementary school
- Capitol Hill
Location
- City
- Portland
- County
- Multnomah
- Zoning
- RM1
Taxes and dues
- Annual taxes
- $6,574 (2024)
Location
540 S Nevada St, Portland, OR 97219
Monthly payment estimate
$3,475 /mo
- Principal and interest
- $2,927
- Property tax (2024)
- $548
- Total
- $3,475
Estimate only, and not an offer of credit. Assumes 20% down ($110,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.
