2408 SE 139TH AVE Portland, OR 97233
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Price:
$249,900
Ft²:
0
Acres:
0.36
MLS#:
231612732
Lot Size:
15,000 to 19,999 SqFt
Type:
Land
Zone:
RM1
County:
Multnomah
Status:
Active
View:
Trees/Woods
Elem:
Lincoln Park
Middle:
Ron Russell
High:
David Douglas
Lot Desc:
Flag Lot, Trees
Area:
Portland Southeast
Courtesy of:
Cascade Hasson Sotheby's International Realty
Remarks:
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.
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