$479950
Price cut: $5K (08-06-2025)
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Bed
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Bath
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SqFt
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69 DOM
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Built:
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Status: Active
Love this home?
Prime Infill Opportunity on Oversized Lot – 0.33 Acres! Builders and investors, take note! Rare flat as a board lot in Portland’s Powellhurst-Gilbert neighborhood, zoned for potential redevelopment (buyer to verify with the City). With 100 feet of frontage and 145' deep lot dimensions, this property is ideal for partitioning, building plexes, adding ADUs, or developing cottage cluster under Portland’s Residential Infill Project guidelines. R5 Zoning. The existing ranch home is in great shape with full basement offering rental income during planning. Basement conversion potential for a Padsplit, duplex or ADU. Utilities on site, level ground, and no immediate tree or slope constraints make this a straightforward development path. Keep the main house and subdivide off a flag lot and add a duplex while you convert basement to an ADU. Basement has full bath and kitchenette. Or demo the house and subdivide into 2 large lots ready for 4 plexes. Or demo and build up to 16 cottage cluster. Portland City Council voted to temporarily waive development fees to spur housing from Aug. 15 through Sept. 30, 2028 - no development fees! Rentometer.com lists a 3-bed rental at $2208 monthly, 1 month for $1248. Endless options to make this project pencil. Strategically located near transit corridors, parks, and shopping with strong rental demand in the area. Don’t miss this chance to unlock the value of one of East Portland’s most flexible properties. Buyer to do all due diligence with the City of Portland. Do not walk the property without an appointment. Developer packet available.
Listing Provided Courtesy of Kelly Asmus, Berkshire Hathaway HomeServices NW Real Estate
General Information
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692531303
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SingleFamilyResidence
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69 DOM
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0.33 acres
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R5
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Multnomah
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R333859
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Mill Park
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Ron Russell
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David Douglas
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Land
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SingleFamilyResidence
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SECTION 10 1S 2E, TL 7200 0.33 ACRES
Listing Provided Courtesy of Kelly Asmus, Berkshire Hathaway HomeServices NW Real Estate
PDXA1 Realty Group data last checked: Oct 15, 2025 15:47 | Listing last modified Sep 22, 2025 19:54,
Source:
Residence Information
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No
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Features and Utilities
Financial
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5220.93
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0
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Cash,Conventional,FHA,VALoan
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07-16-2025
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No
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No
Comparable Information
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69
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91
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Cash,Conventional,FHA,VALoan
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$495,000
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$479,950
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Sep 22, 2025 19:54
Schools
Map
Listing courtesy of Berkshire Hathaway HomeServices NW Real Estate.
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: Oct 15, 2025 15:47 | Listing last modified Sep 22, 2025 19:54.
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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