$1599999
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Bed
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Bath
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SqFt
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10 DOM
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Built:
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Status: Active
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Located in the Hosford Abernethy neighborhood, this rare RM2 zoned development opportunity sits on a generous 0.30 acre lot in one of Southeast Portland’s most established and highly sought after areas. The primary value is in the land, offering size, configuration, and zoning that support meaningful redevelopment potential in a close-in location. RM2 zoning allows for medium scale multifamily development consistent with the surrounding urban fabric, subject to buyer verification and City of Portland approvals. The lot’s depth, frontage, and overall scale create flexibility for a range of redevelopment concepts, whether pursued as a single phase or through a staged approach. Existing on the property are two detached homes with utilities, access, and improvements in place, providing optional interim holding income while development plans are finalized. One structure is a 1,944 square foot duplex with two units and basement areas. The second is a 1,682 square foot detached home with basement space, a garage, a shared driveway, and an additional paved off street parking pad. Each home benefits from a fully fenced yard. These improvements may be utilized short term or removed to unlock the site’s highest and best use. The surrounding area features a mix of established residences, small scale multifamily, and newer infill projects, reinforcing strong demand drivers for future housing. The property is located just six blocks from New Seasons Market and the Clinton Community Garden, with additional proximity to Division Street amenities, neighborhood parks, dining, and services further enhancing the site’s long term development appeal. Whether pursued as a tear down development opportunity, a phased redevelopment strategy, or a strategic RM2 land hold, this property presents a compelling opportunity to control a sizable parcel in a proven Southeast Portland submarket. Buyer to verify zoning allowances, development capacity, and permitted uses.
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
General Information
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292227027
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MultiFamily
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10 DOM
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0.3 acres
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RM2
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Multnomah
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R287658
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Abernethy
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Hosford
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Cleveland
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Land
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MultiFamily
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TIBBETTS ADD, BLOCK 55, INC 30' X 100' S OF & ADJ LOT 1, LOT 2
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
PDXA1 Realty Group data last checked: Jan 15, 2026 23:53 | Listing last modified Jan 15, 2026 00:20,
Source:
Residence Information
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No
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Features and Utilities
Financial
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13714.94
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0
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Cash,Conventional
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01-05-2026
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No
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No
Comparable Information
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10
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10
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Cash,Conventional
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$1,599,999
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$1,599,999
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Jan 15, 2026 00:20
Schools
Map
Listing courtesy of Keller Williams Realty Portland Premiere.
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: Jan 15, 2026 23:53 | Listing last modified Jan 15, 2026 00:20.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
— Vignesh Chan
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
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.
— Ramren Garajan
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