2408 SE 139th Ave, Portland, OR 97233

Portland
Local realty services provided by:Knipe Realty ERA Powered
2408 SE 139th Ave,Portland, OR 97233
$219,900
  • 0.36 Acres
  • Lots / Land
  • Active
Listed by: mary nguyen
Office: cascade hasson sotheby's international realty503-335-9898
MLS#:231612732
Source:PORTLAND

Price summary

  • Price:$219,900

About this home

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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Home facts

  • Listing ID #:231612732
  • Added:93 day(s) ago
  • Updated:May 14, 2026 at 11:19 AM

Structure and exterior

  • Lot area:0.36 Acres
  • Lot Features:Flag Lot, Trees

Schools

  • High school:David Douglas
  • Middle school:Ron Russell
  • Elementary school:Lincoln Park

Utilities

  • Water:Water Available

Finances and disclosures

  • Price:$219,900
  • Tax amount:$1,499 (2025)
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