3120 SE 119TH AVE new Save Request In-Person Tour Request Virtual Tour
Portland,OR 97266
Key Details
Property Type Vacant Land
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 692531303
Annual Tax Amount $5,220
Tax Year 2024
Lot Size 0.330 Acres
Property Sub-Type Single Family Residence
Property Description
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 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. 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.
Location
State OR
County Multnomah
Area _143
Zoning R5
Exterior
Utilities Available CableConnected,ElectricityConnected,NaturalGasConnected,PhoneConnected,PublicWater500FeetPlus,Sewer500FeetPlus
Garage No
Building
Lot Description Public Road
Schools
Elementary Schools Mill Park
Middle Schools Ron Russell
High Schools David Douglas
Others
Acceptable Financing Cash,Conventional,FHA,VALoan
Listing Terms Cash,Conventional,FHA,VALoan