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Updated almost 6 years ago, 01/24/2019
Seeking Help Finding Portland, Oregon House Hack
I‘m slowly making my way back to PDX over the next 12-18 months after a 4 year tour of duty in NYC and am looking for a house hack, teardown and rebuild, or small multifamily that I can live in alongside 2-4 other residents. The goal is to find a property within 2 miles of the water front (NW, NE, or SE PDX) with value add opportunity and zoned for 2-4 families. Walkability is critical.
Investment returns are not my primary driver and I’m familiar with the reality of low rent-to-price ratios as I used to live in NW PDX in 2010-2012.
I’m looking for something with hair on it that can be repositioned and turned into a decent cash flowing asset that will subsidize my cost of living. While “living for free” would be wonderful, I recognize this is unlikely.
Im seeking referrals to agents/brokers in the area who work with investors and can help me navigate the multi-dwelling zoning / land use labyrinth. I seek to honor existing zoning guidelines but need help understanding what can/cannot be done on an existing lot as it relates to adding units/dwellings.