$1,200,000
PENDING $25K PRICE DROP

Estimated payment $6,916/month

Total Views 12,599
-- Bed
-- Bath
6,057 Sq Ft
$198 Price per Sq Ft

Highlights

  • Storage
  • 95% Forced Air Heating System
  • Level Lot
  • Lake Grove Elementary School Rated A+
  • 7 Car Garage
  • Lap Siding

About This Home

Outstanding opportunity to build a Mixed-Use project in Lake Oswego. Unlock the potential of this prime mixed-use lot, featuring an existing 2,440 square foot single-family residence, located in the desirable Lake Oswego neighborhood. This property conveniently backs onto Ricardo's Restaurant and is situated along Boones Ferry Road, providing excellent visibility and accessibility.With flexible NC/R-0 zoning, this lot supports a diverse range of development possibilities. The seller is actively pursuing approval for an exciting 7-unit mixed-use building, and an extensive collection of due diligence materials and engineering plans are available for the proposed project. Don’t miss this chance to invest in a versatile property in a sought-after area. For more information, please contact the Listing Agent.

Listing Agent

Tracy Peterson

Better Homes & Gardens Realty License #930300047

Better Homes & Gardens Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,577

Year Built

  • Built in 2024

Lot Details

  • 0.32 Acre Lot
  • Level Lot

Parking

  • 7 Car Garage
  • On-Street Parking

Home Design

  • Proposed Property
  • Slab Foundation
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,057 Sq Ft Home
  • 2-Story Property
  • Storage

Schools

  • Lake Grove Elementary School
  • Lake Oswego Middle School
  • Lake Oswego High School

Utilities

  • No Cooling
  • 95% Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Operating Expense $99,570
  • Gross Income $389,707
  • Net Operating Income $290,137

Listing and Financial Details

  • Assessor Parcel Number 00242302

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,577

Year Built

Built in 2024

Lot Details

0

Parking

7

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2024
  • Property Condition: Proposed
  • Property Attached Yn: No
  • Open House: No
  • Special Features: 4098
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter, Slab
  • View: No
  • Lot Features: Level, PublicRoad

Garage/Parking

  • Parking Description: Garage, OnStreet
  • Attached Garage: No
  • Garage Spaces: 7.0
  • Total Parking Spaces: 18.0

Utilities

  • Fuel Description: Electricity,Gas
  • Cooling Y N: No
  • Heating: ForcedAir95Plus
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping

Schools

  • Elementary School: Lake Grove
  • High School: Lake Oswego
  • Middle Or Junior School: Lake Oswego

Lot Info

  • Zoning: NC/R-0
  • Lot Size Acres: 0.32
  • Lot Size Sq Ft: 13939.0
  • Parcel #: 00242302

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 6576.83

Multi Family

  • Gross Rent Multiplier: 3.08
  • Annual Gross Income: 389707.0
  • Property Net Operating Income: 290137.0
  • Annual Operating Expense: 99570.0

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $6,776 $341,691 $0 $0
2022 $6,382 $331,739 $0 $0
2021 $5,894 $322,077 $0 $0
2020 $5,746 $312,697 $0 $0
2019 $5,605 $303,590 $0 $0
2018 $5,330 $294,748 $0 $0
2017 $5,143 $286,163 $0 $0
2016 $4,682 $277,828 $0 $0
2015 $4,524 $269,736 $0 $0
2014 $4,465 $261,880 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2025 04/22/25 Pending -- -- --
11/09/2024 11/09/24 For Sale $1,200,000 0.0% $198 / Sq Ft
09/19/2024 09/19/24 Off Market $1,200,000 -- --
06/27/2024 06/27/24 Price Changed $1,200,000 -2.0% $198 / Sq Ft
03/03/2024 03/03/24 For Sale $1,225,000 -- $202 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $800,000 Law Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $600,000 Construction
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24437621

Regional Multiple Listing Service (RMLS)

APN: 00242302