540 S Nevada St, Portland, OR 97219

Portland
Local realty services provided by:ERA Freeman & Associates, Realtors
540 S Nevada St,Portland, OR 97219
$549,999
  • 0.17 Acres
  • Lots / Land
  • Active
Listed by: evan nelson
Office: exp realty, llc.888-814-9613
MLS#:274208765
Source:PORTLAND

Price summary

  • Price:$549,999

About this home

Opportunity knocks! Take advantage of this rare offering, a 7,400 SqFt nearly level lot, zoned RM1, in an absolutely prime location! Based on Portland zoning specs, this site allows for a MINIMUM of 1 dwelling per 2,500 SqFt of land with no maximum number of dwellings specified. The current decommissioned pump house can be preserved and potentially repurposed into some form of commercial use, converted into residential use & expanded onto, or torn down to build completely new and maximize the building footprint and total unit count. Buyer to do due diligence. Seller may consider owner carried financing for a limited term if needed, either until construction financing funds, or permits are fully approved.

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 #:274208765
  • Added:349 day(s) ago
  • Updated:September 16, 2026 at 04:15 PM

Structure and exterior

  • Lot area:0.17 Acres

Schools

  • High school:Ida B Wells
  • Middle school:Jackson
  • Elementary school:Capitol Hill

Utilities

  • Water:Water Available

Finances and disclosures

  • Price:$549,999
  • Tax amount:$6,574 (2024)
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: September 16, 2026

New listings near 540 S Nevada St