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Property Description

Unique Opportunity: Fixer with RM1 Zoning and Potential in a Prime Location! This property offers a distinctive chance for the savvy investor or developer. Situated in a highly desirable location, just off MLK Blvd, this .16-acre lot (approx. 7100 sq ft) is zoned RM1, offering versatile possibilities for multi-unit development, potentially up to 3 stories tall. Built in 1904, the existing house requires renovation or demolition, but the true value lies in the land and its zoning potential. A large shop on the property adds to the possibilities. The location is a highlight, offering easy access to shopping, transportation, parks, restaurants, and more. Whether you're a developer looking to maximize the potential of this RM1 zoned lot or a buyer with a vision to transform this property, this is an incredible opportunity.

Overview

Property Status
Sold
Lot Size
6,969 Sq.Ft.
MLS ID
24541943
Property Type
Residential
Year Built
1904

Features & Amenities

Neighborhood
Portland
Architecture Styles
Bungalow
Stories
2
Garage Spaces
2.0
Water Source
Public Water
Roof
Composition
Lot Features
Level
Parking
Driveway
Heat Type
None
Air Conditioning
Central Air
Sewer
Public Sewer
Substructure
Concrete Perimeter
Other Exterior Features
Outbuilding
Elementary School
MartinL King Jr
Middle School
MartinL King Jr
High School
Grant
Sales Price
$410,000
Real Estate Tax
$2,961/yr

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605 NE JESSUP ST

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