2408 SE 139th Ave, Portland, OR 97233

Portland
Local realty services provided by:ERA Freeman & Associates, Realtors
2408 SE 139th Ave,Portland, OR 97233
$209,000
  • 0.36 Acres
  • Lots / Land
  • Active
Listed by: lyndsey lord
Office: move real estate inc503-836-2010
MLS#:306557573
Source:PORTLAND

Price summary

  • Price:$209,000

About this home

**PRIME RM1 DEVELOPMENT OPPORTUNITY!** Rare opportunity to develop a vacant, build-ready parcel in a highly desirable, high-demand Portland location! Zoned RM1 with approximately $20k in City permit intake fees already paid. City-approved plans for a 9-unit, three-level townhouse-style condominium project featuring spacious 3-bedroom, 3.5-bath layouts. Complete architectural, building, and structural engineering plans available, plus plans for an alternative 18-unit multifamily apartment development. Approximately $150,000 invested in planning, architectural design, engineering, City of Portland Early Assistance, and Type IIx review, currently under review. Potential to modify layouts or pursue increased density, subject to City approval. Exceptional opportunity for builders and investors to save time and upfront development costs while maximizing this property's potential!

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:306557573
  • Added:4 day(s) ago
  • Updated:November 06, 2026 at 01:17 PM

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:$209,000
  • Tax amount:$1,499 (2025)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than ERA Freeman & Associates, Realtors are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: November 6, 2026

New listings near 2408 SE 139th Ave