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Listed by Move Real Estate Inc

$209,000

Est. payment - /mo

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0.36 Acres Lot

New

2408 SE 139TH AVE Portland, OR 97233

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Tommy Jedrzejczyk

tommyjedrzejczyk@epique.me +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 306557573

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 OPPORTUNITY!** Rare opportunity to develop a vacant, build-ready parcel in a highly desirable, high-demand Portland location! Zoned RM1 with approximately $20k in City permit intake fees already paid. City-approved plans for a 9-unit, three-level townhouse-style condominium project featuring spacious 3-bedroom, 3.5-bath layouts. Complete architectural, building, and structural engineering plans available, plus plans for an alternative 18-unit multifamily apartment development. Approximately $150,000 invested in planning, architectural design, engineering, City of Portland Early Assistance, and Type IIx review, currently under review. Potential to modify layouts or pursue increased density, subject to City approval. Exceptional opportunity for builders and investors to save time and upfront development costs while maximizing this property's potential!

Location

State OR

County Multnomah

Area _143

Zoning RM1

Exterior

Utilities Available 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

Listing Terms Cash

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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