Photograph 1 of 22
909 SW Gaines St, Portland
$1,075,000
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- Price per sqft
- $474.82
- Built in
- 1904
- Property size
- 2,264 sqft
- Lot size
- 14,810 sqft
- Property type
- Residential
- Days on market
- 100
Overview
Rare developer and investor opportunity directly across from OHSU Hospital and adjacent to the medical and nursing schools! This premium location features approximately 15,000 SF of land spanning 3 city lots zoned RM2. Excellent potential for future growth with the massive benefit of immediate holding income: the property features an existing 3-story, 3-bedroom residential home that is currently rented. Perfect for a covered land play while you finalize your development plans in a high-demand medical community footprint. The final listing photos showcase the incredible views captured from 25-45 feet above ground level. According to City of Portland Zoning Code, RM2 allows a 45-foot maximum height, generally up to 4 stories, with potential for a higher ratio via city-approved inclusionary housing. Buyer to independently verify any and all zoning code applications, restrictions, and development potential. Owner will consider owner financing terms. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10058334]
Details
Interior
- Cooling
- No
- Heating
- Yes
- Heating description
- Forced Air
Exterior and lot
- Lot size
- 14,810 sqft
- Architectural style
- Bungalow
- Roof
- Composition
- View
- Yes
- View description
- Territorial
Utilities
- Sewer
- Public Sewer
- Water source
- Public Water
Parking
- Garage spaces
- 0
- Total parking
- 0
Schools
- High school
- Lincoln
- Middle school
- West Sylvan
- Elementary school
- Ainsworth
Location
- City
- Portland
- County
- Multnomah
Taxes and dues
- Annual taxes
- $10,775 (2025)
Location
909 SW Gaines St, Portland, OR 97239
Monthly payment estimate
$6,620 /mo
- Principal and interest
- $5,722
- Property tax (2025)
- $898
- Total
- $6,620
Estimate only, and not an offer of credit. Assumes 20% down ($215,000) 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.
