PORTLAND, Ore. — The new owners of a graffiti-covered building in Northeast Portland hope the historic structure can be renovated into affordable housing.

In October, the old Gordon’s Fireplace Shop building in Northeast Portland sold at auction for $575,000.

Court records identified the winning bidder as Portland real estate developer Tony Ngo. Ngo told KGW he and a group of business partners purchased the property with plans to facilitate its sale to the non-profit Do Good Multnomah. Ngo said Do Good Multnomah plans to renovate the building into affordable housing for homeless veterans.

“They have a great mission, and I believe in that,” said Ngo.

The building, overlooking Interstate 84, once housed Gordon’s Fireplace Shop and was previously known as the Aircraft Factory — name

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