Blog Stories Developer Dreams?

Developer Dreams?

By Bonnie Roseman, September 26, 2018

Seize the Opportunity! Asking $479,000

Do you have dreams of becoming a developer so you can leave your mark on the Portland housing stock? I can’t wait to see your innovative design!

The city has established a residential high density (RH) zoning category to spur increased housing options in transit corridors.

6915 N. Montana Avenue in the popular Arbor Lodge neighborhood is a quaint home that could easily qualify for a residential mortgage, but due to its new RH zoning it provides you the opportunity to design and build a multifamily project.

I’m sharing what at I was told at a recent visit to the Bureau of Development Services to give you an idea of the possibilities, but of course you will need to confirm your design with the city.

Notes from visit to BDS regarding 6915 N. Montana Ave., Portland, OR 97217

This information is not intended to be definitive or guaranteed. Please verify the feasibility of your plans with the city.

This property is within the RH (Residential High Density) Zone.
There is a minimum of 5 units required if the existing home is removed. It did not seem there would be an upper limit of allowable units that could fit on the lot.
If the existing home is left in place additional units may be added without the requirement to have 5.
Because the site is within 1,500 feet of the MAX Station there is no parking requirement.
If project meets the community standards it can be upto 55’ tall. If submitted for design review upto 100 feet may be allowed.
Because there is an ally behind the site there is no rear set back requirement. Side setbacks are 5’. If design is within community standards the front set back must be 3’. If the projuect is undergoing design review there may be no front set back.
The planner I met with was of the opinion that the width of the current ally may allow for 2 parking spots at the back. If the property owner cedes some additional land to the city to widen the section of the ally it might be allowable to put 4 spots off the ally.
This information is based on one conversation with a city planner. Do not rely on it for planning your project.

 

 

Cruise by and let me know what you think.

 

 

Bonnie Roseman

Principal Broker, Earth Advantage + ADU Specialist

Bonnie hit the real estate scene in Portland when Silence of the Lambs was killing it in the theaters, the Cold War was officially chilled and the national median sales price of a home was $120,000. Since then, she's been delighted to assist clients in navigating the ever changing housing market: whether selling a first home or the family home, looking for a starter pad or a forever habitat, downsizing, resizing or buying and selling investment property. Having a symbiotic connection with your real estate agent is key and will help ensure a great experience. Bonnie enjoys consulting with potential clients to discover their wishes and goals, confirming the right client-agent match. Smooth transactions are the target; however, there can be unexpected bumps getting to the closing table. Bonnie excels at finding creative solutions to any mishegoss that pops up and she takes pride in an extremely low sale fail rate. A little more about Bonnie: born in Philly, raised in Berkeley, mom to an incredible young woman; her home is filled with both furry and scaly creatures, the daily driver is all electric, equality is the only pathway; she's embraced veganism for the earth, the animals and her health. Like credentials? Sweet, here you go:
  • At Home with Diversity Certificate
  • Earth Advantage Broker + ADU Specialist
  • Senior Real Estate Specialist SRES)
  • Certified Residential Specialist (CRS)
  • Five Star Professional Award (7 years)
  • Member of the National Association of Gay and Lesbian Real Estate Professionals (NAGLREP)
Saving the best for last, Bender, her little second chance rescue pup from SoCal is likely to tag along. He’s snuggly, pretty cute and has jumped paws first into the real estate industry.
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  • T: 503-515-5973
  • bonnie@livingroomre.com

Bonnie Roseman

Principal Broker, Earth Advantage + ADU Specialist


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