$649900
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3 Bed
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1 Bath
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1352 SqFt
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1 DOM
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Built: 1948
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Status: Active
Love this home?
Prime development opportunity in NE Portland with strong infill potential. This property is being offered as a land value/development play with a preliminary fit test suggesting the potential for a 14-unit townhome project (8 smaller units and 6 larger units). Ideal for builders or investors looking for their next infill project in a growing area with strong resale demand.The existing structure on site is considered functionally obsolete and the property is best suited for redevelopment or rehab. Preliminary architectural concepts and fit test available for review to help illustrate the potential vision for the site. Buyer to perform all due diligence regarding zoning, density, utilities, and development feasibility.Conveniently located with access to major commuter routes, shopping, and amenities, this site presents a compelling opportunity for a developer to capitalize on new construction demand in the Portland market. Rare chance to acquire a project-ready site where much of the initial visioning work has already been completed. Bring your builder, investor, or development team — opportunities like this are limited. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10232725]
Listing Provided Courtesy of Spenser Beck, Handris Realty Co.
General Information
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342236782
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SingleFamilyResidence
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1 DOM
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3
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0.6 acres
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1
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1352
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1948
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Multnomah
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R109695
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Glenfair
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H.B. Lee
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Reynolds
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Residential
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SingleFamilyResidence
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ASCOT AC, LOT 197&198 TL 4800
Listing Provided Courtesy of Spenser Beck, Handris Realty Co.
PDXA1 Realty Group data last checked: Feb 25, 2026 09:11 | Listing last modified Feb 20, 2026 20:48,
Source:
Residence Information
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300
-
1052
-
0
-
1352
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Trio
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1352
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1/Gas
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3
-
1
-
0
-
1
-
Composition
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1, Detached
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Stories1
-
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1
-
1948
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Yes
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WoodSiding
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-
-
-
-
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WoodFrames
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Features and Utilities
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Dishwasher, FreeStandingRange, FreeStandingRefrigerator
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HardwoodFloors, VaultedCeiling, WalltoWallCarpet
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Workshop, Yard
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-
-
-
ForcedAir
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PublicSewer
-
-
Gas
Financial
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4850.61
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0
-
-
-
-
Cash,Rehab
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02-20-2026
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-
No
-
No
Comparable Information
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1
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5
-
-
Cash,Rehab
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$649,900
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$649,900
-
-
Feb 20, 2026 20:48
Schools
Map
Listing courtesy of Handris Realty Co..
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: Feb 25, 2026 09:11 | Listing last modified Feb 20, 2026 20:48.
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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