5527 N Greeley Ave, Portland, OR 97217

Now accepting back up offers. 5,000 SF lot, R-1 medium density zoning, with current income. Potential zoning change from R-1 to RM-2, allowing up to 2.25:1 FAR with provisions. Gross Income = $31,500. The property is located close to the Adidas Headquarters, restaurants, bars and only a 10 minute drive to downtown Portland. Strong potential to hold the property and limit holding costs until the upcoming zone change, estimated Q1 2020. DO NOT DISTURB TENANTS.