- 2 beds
- 1 bath
- 834 sqft
- 6,098 sqft lot
- $821 per sqft
- 1905 build
- – on site
Rare development/investor opportunity for a 1905 craftsman on an oversized corner lot in inner SE Portland. This property features a very large lot with the potential to build one additional home or up to three cottages (if the garage is removed) next to the existing home. In 2022, recent code changes provide infill options to this R5 zoned location utilizing Portland's Residential Infill and Middle Housing Land Division program. Once built the properties can be sold as separate real property residences. The corner lot has alley access which allows for 3-way access, smaller setbacks, and multiple design options.The recently restored farm style house features 2 bedrooms, 1-bath, offers 834 sq. ft. of efficient, comfortable living space with a new roof and detached garage. Whether you're a developer, home buyer, downsizing, or looking for your next investment property, this offers flexibility and development potential. Enjoy mornings on the welcoming front porch, a perfect spot to relax and take in this private, quiet location in the thriving Foster Powell neighborhood. Inside, the home features a bright living/dining area with refinished oak and fir floors throughout, barn style doors, a farmhouse style kitchen with ample cabinet space, and a laundry/rear entry mud room.Outside, the expansive lot has a rear patio, allows for an urban farm and garden, play, expand, or build—plus convenient access located on two city designed bike routes. The 2-bay garage provides storage or workshop potential on one side and garage door alley access on the other side, and there's plenty of off-street parking.Located close to schools, parks, and shopping. This property blends old Portland style charm and character with modern opportunity. Zoned and positioned to appeal to both personal homeowners and long-term investors/developers (buyer to verify development potential).Don't miss your chance to own this gem with space to grow—schedule your private tour today!
Last checked:
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Checking…
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Last updated Jun 17, 2025
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MLS# 252385452 —
The Building
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Year Built:1905
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New Construction:false
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Architectural Style:Stories1, Craftsman
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Roof:Composition,Shingle
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Stories:1
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Basement:CrawlSpace
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Foundation Details:PillarPostPier
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Exterior Description:WoodComposite
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Exterior Features:Porch, PublicRoad
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Building Area Description:County
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Building Area Total:834.0
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Building Area Calculated:834
Room Dimensions
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Main Level Area Total:834
Financial & Terms
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Bank Owned:false
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Land Lease:false
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Short Sale:false
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Home Warranty:false
Location
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Directions:Use google maps
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Latitude:45.494079
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Longitude:-122.596622
The Property
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Parcel Number:R204934
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Condition:Resale
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Lot Size Range:SqFt5000to6999
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Lot Size Acres:0.14
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Lot Size SqFt:6098.0
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View:false
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Property Attached:false
Listing Agent
- Contact info:
- Agent phone:
- (971) 371-0721
- Office phone:
- (503) 360-1640
Taxes
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Tax Year:2024
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Tax Legal Description:LAURELWOOD PK, BLOCK 8, LOT 16, S 1/2 OF LOT 17
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Tax Annual Amount:3776.53
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
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Full Baths:1
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Total Baths:1.0
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Total Baths Main Level:1.0
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Full Baths Main Level:1
Heating & Cooling
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Heating:ForcedAir, WallHeater
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Heating:true
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Cooling:false
Utilities
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Sewer:PublicSewer
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Hot Water Description:Gas
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Water Source:PublicWater
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Fuel Description:Gas
Appliances
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Appliances:FreeStandingRange
Schools
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Elementary School:Creston
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Middle Or Junior School:Hosford
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High School:Franklin
The Community
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Senior Community:false
Parking
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Attached Garage:false
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Garage Type:Detached
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Garage Spaces:1.0
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Parking Total:1.0
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Parking Features:OnStreet
Monthly cost estimate

Asking price
$685,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,667
|
Taxes | $314 |
Insurance | $188 |
Utilities | $135 See report |
Total | $4,304/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/12/25
Jun 12, 2025
|
Listed / Active | RMLS | $685,000 |

55% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $45k above asking price on average, but some went as high as $185k over asking price.