$795,000

Rare opportunity to acquire a 1.20-acre, two-parcel property on E Burnside Street in Portland. The site includes an existing 7,208-square-foot church building with an additional 2,184-square-foot basement, offering space for a congregation, community organization, or other permitted use. Zoned RM3, the property also presents potential for residential redevelopment. The combined site comprises approximately 60,600 square feet, providing flexibility for a buyer with a long-term vision. Convenient access to E Burnside and nearby transit. Sale includes tax accounts R216736 and R216722. Portland’s current RM3 summary shows a 2:1 base floor area ratio (FAR), a 65-foot base height, 85% maximum building coverage, and no general maximum number of dwelling units. Height can step down near lower-density residential zoning, and setbacks, landscaping, outdoor space, and other rules still apply. Portland does not require a minimum number of car parking spaces, although bicycle parking and other requirements may apply. Buyer to verify square footage, zoning, permitted uses, development capacity, and all other property details with the appropriate municipality.