This 1904 cottage style home sits in the Humboldt neighborhood of North Portland. Close to downtown, PCC Campus, shops, dining, and minutes to Mississippi and Alberta Arts districts. Leave your car and high gas prices behind, as this house is on a bus line and near MAX station.

This two bedroom one bath home is 1013 square feet with a full basement of 601 square feet. This home awaits your cosmetic updates, so bring your hammer and imagination.

The 5000 square foot lot has a good size backyard with deck for entertaining, detached garage and a garden area.

Portland Real Estate Investment Opportunity

Zoning for this property is R1 (Medium Density). This allows for 1 unit per 1000 square feet, meaning the city will allow up to 5 units on this property. Possibility to divide this lot may also make sense for future development and investment purposes. Opportunity for development can be seen next door to this property where four condo units have recently sold. Buyer to do own due diligence and verify all information with city.

Opportunity for development can be seen next door to this property where four condo units have recently sold.

Here are some photos of the lot and backyard to show the space and opportunity

Pictures of the project next door

Address is 5737 N. Albina Ave

List Price: $274,900.

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