16434 NE Multnomah St, Portland, OR 97230
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
Listed by: amanda bennett
Office: premiere property group, llc.503-670-9000
MLS#:258105365
Source:PORTLAND
Price summary
- Price:$325,000
- Price per sq. ft.:$205.7
About this home
Development opportunity with multiple possibilities on the Gresham boarder! This 15,555 sq ft (.36-acre) LDR-7 zoned parcel offers flexibility for builders, developers, investors, or buyers looking for a unique project. Explore development configurations including 2 single-family homes, duplexes, triplexes, quadplexes, townhomes, or a cottage cluster with up to 9 cottages, subject to City of Gresham approval and applicable development standards. The mostly level, rectangular lot offers approximately 85 feet of frontage on NE Multnomah St, creating a versatile footprint for redevelopment. The existing residence is connected to city sewer and water, with services connected at Multnomah Street. A conceptual 4-unit townhome layout is available to illustrate one potential configuration. Not ready to start from scratch? The existing residence and 2 car tandem garage also offer potential for an extensive fixer/renovation project, with the possibility of creating a home with up to 5 bedrooms and 2.5 bathrooms on a large private lot. Whether you envision renovating the existing property, building two single-family homes, or maximizing the site with middle housing, this property offers several paths to explore. Conveniently located near shopping, dining, parks, I-84, and major commuter routes. Developer packet available upon request. Buyer to complete all due diligence and verify zoning, utilities, development potential, unit count, renovation possibilities, and intended use with the appropriate governing agencies....
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Home facts
- Year built:1952
- Listing ID #:258105365
- Added:41 day(s) ago
- Updated:October 30, 2026 at 12:12 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Basement Description:Daylight, Partial Finished
- Living area:1,580 sq. ft.
Heating and cooling
- Cooling:Wall Unit
Structure and exterior
- Roof:Shingle
- Year built:1952
- Building area:1,580 sq. ft.
- Lot area:0.36 Acres
- Lot Features:Level, Trees
- Architectural Style:Daylight Ranch
- Exterior Features:Fenced, Yard
- Foundation Description:Concrete Perimeter
- Levels:2 Stories
Schools
- High school:Reynolds
- Middle school:H.B. Lee
- Elementary school:Wilkes
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$325,000
- Price per sq. ft.:$205.7
- Tax amount:$3,225 (2025)
Features and amenities
- Amenities:Wood Floors, Wood Frame Windows
Parking
- Total parking spaces:2
- Parking description:Driveway, On street
- Garage spaces:2
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