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SE 87th Ave, Portland
$480,000
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- Lot size
- 12,632 sqft
- Property type
- Land
- Days on market
- 343
Overview
EXCELLENT DEVELOPMENT OPPORTUNITY! Great 0.28 Acres Lot in a good residential area - with great build potential! Zoned RM1: Multi-Dwelling Residential 1; Lower Density Multi-Dwelling Zone; Can build Townhomes, Apartments, Condos, perhaps some detached structures - what ever can be fit inside the building envelope. Recent Survey done and boundaries marked for Developers. Residential area, so sewer, water, gas, and electric should be available for builders, but buyers should do their own due diligence regarding building parameters, available utilities, and improvements that can be made. Fence & Gate in front of property.
Details
Interior
- Cooling
- No
- Heating
- No
Exterior and lot
- Lot size
- 12,632 sqft
- Lot features
- Flag Lot
- View
- No
Schools
- High school
- Leodis McDaniel
- Middle school
- Harrison Park
- Elementary school
- Harrison Park
Location
- City
- Portland
- County
- Multnomah
- Zoning
- RM1
Taxes and dues
- Annual taxes
- $1,584 (2025)
Location
SE 87th Ave, Portland, OR 97266
Monthly payment estimate
$2,687 /mo
- Principal and interest
- $2,555
- Property tax (2025)
- $132
- Total
- $2,687
Estimate only, and not an offer of credit. Assumes 20% down ($96,000) 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.
