540 S Nevada St, Portland, OR 97219

Local realty services provided by:Knipe Realty ERA Powered
540 S Nevada St,Portland, OR 97219
$595,000
  • 0.17 Acres
  • Lots / Land
  • Active
Listed by: evan nelson
Office: exp realty, llc.
MLS#:274208765
Source:PORTLAND

Price summary

  • Price:$595,000

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.

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Home facts

  • Listing ID #:274208765
  • Added:97 day(s) ago
  • Updated:January 08, 2026 at 02:24 AM

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:$595,000
  • 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 Knipe Realty ERA Powered 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: January 8, 2026

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