$300,000

Rare Portland Corner Lot: Four-Townhome Project with Plans and Engineering DoneSkip months of design work. This 8,536 sq ft corner lot at NE Killingsworth St and NE 49th Ave comes with a fully designed four-unit townhome project that has already been submitted to the City of Portland. It's zoned RM2 (Residential Multi-Dwelling 2).**What's already done:**- Complete architectural plan set: site plans, floor plans, elevations, foundation, roof and cross sections- Structural engineering and calculations stamped by an Oregon-licensed P.E., covering framing, shear walls, hold-downs and foundation design- Building permit application submitted to the City of Portland, currently at the intake stage**The proposed townhomes:**- Four 3-story units of about 1,478 sq ft each (about 5,915 sq ft total)- 3 bedrooms and 3.5 baths per unit, including a top-floor primary suite with its own bath- Open main level with kitchen, dining and living room, plus a covered rear patio- Second-floor great room with a balcony- Tankless water heaters in every unit- Off-street parking, a driveway and landscaping shown on the site planThe existing 687 sq ft home is in rough condition and priced for its land and development value. That makes this a strong fit for builders, developers and investors who want a shorter path to construction.The location puts you near shopping, dining, transit and the amenities of an established NE Portland neighborhood.The complete plan set and engineering package convey with the sale. Buyer to perform their own due diligence on zoning, permitting, utilities, development feasibility and construction costs. The plans, permit status and unit count are subject to City of Portland review and approval.