1335 NW 128TH AVE Unit #LOT 1, Portland, OR 97229

$1,399,999

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Courtesy of The Agency Portland

List Price
$1,399,999
Status
ACTIVE
MLS#
667896291
Days on Market
3
Lot Size (sq ft)
40,510

Property Description

A rare development opportunity in the heart of Terra Linda! Centrally located in Cedar Mill, this expansive R-5 property offers incredible potential in one of the area’s most established neighborhoods. Seller's recent survey illustrates the possibility of retaining the existing home, detached garage and pool while creating up to four additional homesites, offering a unique opportunity for a builder, developer or buyer looking to maximize the property’s potential. The property currently includes an existing residence, detached one-bedroom/one-bath ADU, detached garage, large shop, pool and gazebo. Washington County’s R-5 designation is intended for residential development and generally allows a density of four to five units per acre, with additional possibilities for qualifying middle housing development. Buyer to perform all due diligence regarding zoning, land division, density, utilities, access and development feasibility. Located in the heart of Terra Linda with easy access to parks, schools, coffee shops, restaurants and everything Cedar Mill has to offer. Opportunities for a property of this size and development potential in such an established Westside location are incredibly hard to find. Please do not walk the property without an appointment.

Additional Information

Community
TERRA LINDA
Zoning Classification
R5
Elementary School
Terra Linda
Middle School
Tumwater
High School
Sunset
Potential Terms
Cash

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