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Listed by Cascade Hasson Sotheby's International Realty

$219,900

Est. payment - /mo

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0.36 Acres Lot

Price Dropped by $30K

2408 SE 139TH AVE Portland, OR 97233

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 231612732

HOA Y/N No

Annual Tax Amount $1,498

Tax Year 2025

Lot Size 0.360 Acres

Property Sub-Type Multi Family

Property Description

Prime RM1 Development Site – Outstanding opportunity to develop a vacant, build-ready parcel in an amazing, high-demand location. The property is zoned RM1 and offers a major head start with approximately $20,000 in permit intake fees already paid.The City has approved a 9-unit townhouse-style condominium project, currently designed with spacious 4-bedroom, 3.5-bath layouts—ideal for today's buyer or rental market. There is flexibility to reconfigure to smaller units, with the option to pursue a Type 3 development for increased density, subject to additional City approval.An excellent opportunity for builders and developers seeking a well-located multifamily site with approvals in place, reduced pre-development costs, and upside potential through alternative unit configurations.

Location

State OR

County Multnomah

Area _143

Zoning RM1

Exterior

Utilities Available CableAvailable, ElectricityAvailable, NaturalGasAvailable, PublicSewer, WaterAvailable

View Trees Woods

Garage No

Building

Lot Description Flag Lot, Trees

Schools

Elementary Schools Lincoln Park

Middle Schools Ron Russell

High Schools David Douglas

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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