2408 SE 139th Ave, Portland
$209,000
Save
- Lot size
- 15,682 sqft
- Property type
- Land
- Days on market
- 0
Overview
**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!
Details
Interior
- Cooling
- No
- Heating
- No
Exterior and lot
- Lot size
- 15,682 sqft
- Lot features
- Flag Lot, Trees
- View
- Yes
- View description
- Trees / Woods
Schools
- High school
- David Douglas
- Middle school
- Ron Russell
- Elementary school
- Lincoln Park
Location
- City
- Portland
- County
- Multnomah
- Zoning
- RM1
Taxes and dues
- Annual taxes
- $1,499 (2025)
Location
2408 SE 139th Ave, Portland, OR 97233
Monthly payment estimate
$1,237 /mo
- Principal and interest
- $1,112
- Property tax (2025)
- $125
- Total
- $1,237
Estimate only, and not an offer of credit. Assumes 20% down ($41,800) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.
