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7218 N Jordan Ave, Portland, OR 97203 — photograph 1

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7218 N Jordan Ave, Portland, OR 97203 — photograph 1
7,841 Sq.Ft. Lot

7218 N Jordan Ave, Portland

$694,900

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ActiveMLS®: 502854669Listing held by another brokerage, marked RMLS
Lot size
7,841 sqft
Property type
Land
Days on market
144

Overview

Rare University Park development opportunity offering two separate parcels totaling approximately .18 acres within desirable R2.5 zoning. Demolition of the existing improvements is underway, creating a prime infill development site in one of North Portland’s most sought after neighborhoods. Positioned to capitalize on the flexibility afforded by Portland’s Residential Infill Project, the property presents an exceptional opportunity for builders and developers considering cottage style housing, missing middle development, or other permitted residential uses. Preliminary concepts suggest the potential for six to eight cottage homes, with additional development scenarios potentially available subject to buyer verification. The site offers the foundation for a future cottage community where elevated craftsmanship becomes everyday living. Development ready opportunities of this scale and location are increasingly difficult to find in established Portland neighborhoods. Located just moments from the University of Portland, the site offers convenient access to parks, dining, coffee shops, neighborhood retail, transit, and major commuter routes, along with the vibrant amenities of St. Johns, Kenton, Lombard, and the broader North Portland corridor. Buyer to perform all due diligence regarding the development and redevelopment potential of the property. Inquire for additional information regarding proposed development concepts and plans.

Details

Interior

Cooling
No
Heating
No

Exterior and lot

Lot size
7,841 sqft
View
Yes
View description
Trees / Woods

Schools

High school
Roosevelt
Middle school
Astor
Elementary school
Astor

Location

City
Portland
County
Multnomah
Zoning
R2.5
Subdivision
UNIVERSITY PARK

Taxes and dues

Annual taxes
$4,121 (2025)

Location

7218 N Jordan Ave, Portland, OR 97203

Map showing the location of 7218 N Jordan Ave, Portland, OR 97203
© Mapbox © OpenStreetMap

Monthly payment estimate

$4,042 /mo

20% · $138,980
7.00%
Principal and interest
$3,699
Property tax (2025)
$343
Total
$4,042

Estimate only, and not an offer of credit. Assumes 20% down ($138,980) 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.

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