$749000
Price cut: $126K (06-26-2025)
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1 Bed
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1 Bath
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880 SqFt
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115 DOM
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Built: 1934
- Status: Active
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This prime development property offers an exceptional opportunity in Portland's Gateway area, featuring the highest density allowed in residential zones. Ideal for multi-unit development, the site is perfectly positioned for growth, with similar projects already successfully developed nearby. With its strategic location and zoning, this property presents endless potential for developers looking to capitalize on the increasing demand for high-density residential living in a rapidly expanding neighborhood. Don’t miss the chance to create a valuable addition to this thriving area. The area consists of two lots totaling .28acres, located in a high-opportunity area that offers affordable housing in a walkable neighborhood. With easy access to active transportation, employment centers, and a range of services and amenities, the location significantly enhances the overall quality of life for its residents. SDC fees exemption may apply. [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10233461]
Listing Provided Courtesy of Lyudmila Leissler, Windermere Realty Trust
General Information
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544324455
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SingleFamilyResidence
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115 DOM
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1
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0.28 acres
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1
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880
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1934
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RXd
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Multnomah
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R319677
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Jason Lee
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Jason Lee
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David Douglas
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Residential
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SingleFamilyResidence
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SECTION 33 1N 2E, TL 5100 0.21 ACRES
Listing Provided Courtesy of Lyudmila Leissler, Windermere Realty Trust
PDXA1 Realty Group data last checked: Jul 04, 2025 23:19 | Listing last modified Jun 26, 2025 16:01,
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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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