$500000
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4 Bed
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1 Bath
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2369 SqFt
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8 DOM
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Built: 1923
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Status: Active
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Exceptional Medium Density Residential (MDR) infill parcel offering approximately 18-unit residential development potential on nearly 3/4 of an acre positioned just off SE Stark Street with established residential neighborhood backing the property. The site features flat topography and scale that support efficient small-home or cottage-style planning concepts.The seller has engaged in multiple planning discussions regarding development feasibility, and based on those conversations, an approximately 18-unit residential concept appeared consistent with current MDR zoning standards at that time. The project was not formally submitted for land use approval. Buyer to verify all zoning, density allowances, parking standards, and development requirements with the jurisdiction.An existing single-family home is currently located on the property. Value is primarily in the land and development potential.At a list price of $500,000, this offering represents a compelling entry point for builders targeting the $350,000 attainable housing segment, where demand remains strong throughout the Portland metro area. Opportunities of this size, zoning designation, and price level are increasingly limited.Buyer to conduct independent due diligence regarding utilities, system development charges, demolition considerations, and overall development feasibility.Don't miss out in this Opportunity! (ProForma attached) or call, I can send in an email.
Listing Provided Courtesy of Jesse Richter, Knipe Realty ERA Powered
General Information
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637394536
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SingleFamilyResidence
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8 DOM
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4
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0.74 acres
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1
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2369
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1923
-
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Multnomah
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R337501
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North Gresham
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Clear Creek
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Gresham
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Residential
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SingleFamilyResidence
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SECTION 04 1S 3E, TL 10400 0.74 ACRES
Listing Provided Courtesy of Jesse Richter, Knipe Realty ERA Powered
PDXA1 Realty Group data last checked: Mar 07, 2026 09:42 | Listing last modified Feb 27, 2026 16:09,
Source:
Residence Information
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0
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1529
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840
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2369
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County
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1529
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1/Gas
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4
-
1
-
0
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1
-
-
-
Stories2
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2
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1923
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No
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Stucco
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-
-
-
-
-
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Features and Utilities
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-
-
-
-
-
-
Gas
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ForcedAir
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PublicSewer
-
Gas
-
Gas
Financial
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4394.32
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0
-
-
-
-
Cash
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02-27-2026
-
-
No
-
No
Comparable Information
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8
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8
-
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Cash
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$500,000
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$500,000
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Feb 27, 2026 16:09
Schools
Map
Listing courtesy of Knipe Realty ERA Powered.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Mar 07, 2026 09:42 | Listing last modified Feb 27, 2026 16:09.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
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