3120 SE 119th Ave, Portland, OR 97266
Local realty services provided by:Knipe Realty ERA Powered
3120 SE 119th Ave,Portland, OR 97266
$475,000
- 0.33 Acres
- Lots / Land
- Pending
Listed by: kelly asmus
Office: berkshire hathaway homeservices nw real estate
MLS#:692531303
Source:PORTLAND
Price summary
- Price:$475,000
About this home
Prime Infill Opportunity on Oversized Lot – 0.33 Acres! Builders and investors, take note! Rare flat as a board lot in Portland’s Powellhurst-Gilbert neighborhood, zoned for potential redevelopment (buyer to verify with the City). With 100 feet of frontage and 145' deep lot dimensions, this property is ideal for partitioning, building plexes, adding ADUs, or developing cottage cluster under Portland’s Residential Infill Project guidelines. R5 Zoning. The existing ranch home is in great shape with full basement offering rental income during planning. Basement conversion potential for a Padsplit, duplex or ADU. Utilities on site, level ground, and no immediate tree or slope constraints make this a straightforward development path. Keep the main house and subdivide off a flag lot and add a duplex while you convert basement to an ADU. Basement has full bath and kitchenette. Or demo the house and subdivide into 2 large lots ready for 4 plexes. Or demo and build up to 16 cottage cluster. Portland City Council voted to temporarily waive development fees to spur housing from Aug. 15 through Sept. 30, 2028 - no development fees! Rentometer.com lists a 3-bed rental at $2208 monthly, 1 month for $1248. Endless options to make this project pencil. Strategically located near transit corridors, parks, and shopping with strong rental demand in the area. Don’t miss this chance to unlock the value of one of East Portland’s most flexible properties. Buyer to do all due diligence with the City of Portland. Do not walk the property without an appointment. Developer packet available.
Contact an agent
Home facts
- Listing ID #:692531303
- Added:126 day(s) ago
- Updated:November 20, 2025 at 08:43 AM
Structure and exterior
- Lot area:0.33 Acres
Schools
- High school:David Douglas
- Middle school:Ron Russell
- Elementary school:Mill Park
Utilities
- Water:Public Between 500-1000 Feet
- Sewer:Sewer 500 Feet Plus
Finances and disclosures
- Price:$475,000
- Tax amount:$5,451 (2024)
All 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 Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: November 20, 2025New listings near 3120 SE 119th Ave
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