2408 SE 139TH AVE, Portland, OR 97233
- $249,900
Overview
- Land, MultiFamily
- 231612732
- 0.36 Acres
- Cascade Hasson Sotheby's International Realty
- Mary Nguyen
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.
Details
Updated on February 10, 2026 at 11:39 am-
MLS# 231612732
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Price $249,900
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Land Area 0.36 Acres
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Garage Size x x
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Property Type Land, MultiFamily
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Property Status Active
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Office Name Cascade Hasson Sotheby's International Realty
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Agent Name Mary Nguyen
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Office Phone 503-335-9898
Additional details
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Listing Terms Cash, Conventional
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Utilities Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Water Available
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County Multnomah
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Property Type Land
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Elementary School Lincoln Park
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Middle School Ron Russell
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High School David Douglas
Walkscore
Mortgage Calculator
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Down Payment
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Loan Amount
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Contact Information
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