A rare opportunity to design and build a custom home in close-in Portland, just one mile southwest of downtown and near OHSU. This lot offers street frontage, a natural ravine setting, and additional buildable area beyond—creating a unique canvas for architecture that responds to the landscape, privacy, and surrounding mature trees.An adjacent vacated street provides added flexibility for access, staging, and site planning—an increasingly valuable advantage for construction in this location.Zoned R5 with a C,z (Constrained Site/Environmental Overlay), the property supports single-family development with an emphasis on environmental sensitivity. The sloped topography lends itself to creative design solutions, including daylight basements, terraced construction, or a home that integrates seamlessly into its natural setting.The opportunity expands with two additional nearby parcels, including a neighboring lot with a dedicated staging area and another contiguous lot (RMLS# 396419600 & 141582666), offering potential for assemblage into a cohesive multi-home project, private compound, or boutique-scale development.Utilities are nearby and public transit is within walking distance, providing convenient access to downtown Portland, OHSU, PSU, and the South Waterfront.Opportunities combining location, natural setting, and development flexibility are increasingly rare. Buyer to complete all due diligence regarding development potential, utilities, and buildability.