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Listed by Cascade Hasson Sotheby's International Realty
$ 219,900
Est. payment /mo
Price Dropped by $30K
2408 SE 139TH AVE Portland, OR 97233
0.36 Acres Lot
UPDATED:
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
