OR > Portland
Portland, OR 97266,3120 SE 119TH AVE
Portland, OR 97266,3120 SE 119TH AVE
Portland, OR 97266,3120 SE 119TH AVE
Portland, OR 97266,3120 SE 119TH AVE
Portland, OR 97266,3120 SE 119TH AVE
Portland, OR 97266,3120 SE 119TH AVE
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Ted Tanner

Ted Tanner

+1(503) 828-7839
Listed by Berkshire Hathaway HomeServices NW Real Estate
$ 495,000
Est. payment | /mo

0.33 Acres Lot

Save
$ 495,000
Est. payment | /mo
Save

0.33 Acres Lot

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

Regional Multiple Listing Service (RMLS)

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agent
Ted Tanner

Principal Broker | Lic# 201210644

+1(503) 828-7839

1915 NE Stucki Ave. Suite 250, Hillsboro, OR, 97006

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3120 SE 119TH AVE