Unique Multi-Lot Development Opportunity Near Downtown Portland – R5 Zoning with Environmental Overlay Just one mile southwest of downtown Portland, this exceptional offering includes three separate tax lots, presenting a rare opportunity for a custom home build or boutique-scale development in one of the city’s most desirable close-in neighborhoods. Set within a peaceful, wooded environment, these sloped parcels provide a quiet natural setting with easy access to the city core. This lot is nestled into mature trees, offering privacy and a tranquil backdrop for a thoughtfully designed home. An adjacent lot and a third lot located just across the currently undeveloped street are also available, opening the door for expanded development—whether as a cohesive multi-home project, investment opportunity, or a private compound. All parcels are zoned R5 and carry a Cz (Constrained Site/Environmental Overlay), which supports single-family development with an emphasis on environmental sensitivity. The sloped topography lends itself to creative architectural solutions such as daylight basements, terraced construction, or homes that integrate seamlessly into the natural landscape. Utilities are nearby (buyer to verify), and public transit is within walking distance—making access to downtown Portland, OHSU, PSU, and the South Waterfront fast and convenient. The Cz overlay will require careful planning and coordination with the City of Portland for permitting and development, but the potential here is significant for those with vision and a desire to build within nature, just minutes from the urban center. Whether you’re a developer, architect, or homeowner seeking a rare urban infill opportunity, this multi-lot offering represents one of the last great chances to build in a close-in west side location where nature, flexibility, and proximity converge.