$820000
Price cut: $178K (01-12-2026)
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Bed
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Bath
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2729 SqFt
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404 DOM
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Built: 1937
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Status: Active
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Exceptional CM2 mixed-use redevelopment opportunity in Montavilla with two parcels on a prominent corner site and dual access points. Zoning supports a wide range of commercial and mixed-use development concepts, including residential units and retail/residential combinations, subject to buyer verification.The property is being marketed primarily for land value and future development potential. Existing improvements are present and may be considered non-contributory. Billboard lease in place. Utilities available at the street; gas meter has been removed.Strategically located with visibility and access near major arterials and freeway routes, offering long-term redevelopment potential in an established East Portland corridor. Seller may consider partial seller carry financing, subject to terms. Interior access by appointment only.
Listing Provided Courtesy of Annie Wrucke, Rose Country Realty
General Information
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638680121
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Income
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404 DOM
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0.29 acres
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2729
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1937
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CM2
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Multnomah
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R284602
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CommercialSale
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Income
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TERRACE PK, BLOCK 4, E 1/2 OF LOT 2, LOT 3
Listing Provided Courtesy of Annie Wrucke, Rose Country Realty
PDXA1 Realty Group data last checked: Mar 01, 2026 16:34 | Listing last modified Feb 18, 2026 18:13,
Source:
Residence Information
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2729
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Composition
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OffStreet
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2
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1937
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No
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Features and Utilities
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ForcedAir
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PublicSewer
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Electricity
Financial
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10370.56
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Cash,Contract,Conventional,Rehab
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01-10-2025
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No
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No
Comparable Information
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404
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415
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Cash,Contract,Conventional,Rehab
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$1,500,000
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$820,000
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Feb 18, 2026 18:13
Schools
Map
Listing courtesy of Rose Country Realty.
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 01, 2026 16:34 | Listing last modified Feb 18, 2026 18:13.
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.
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.
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.
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.
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.
Thinking about buying or selling. Let’s Talk.
Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!
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