$500,000

21260 Se Stark St, Gresham, OR 97030

4 beds |
1 bath |
2,369 sqft

Single-Family Home
Built in 1923
0.74acre lot
—— car garage
$211/sqft
Listed 1 day ago

Property Description

Exceptional Medium Density Residential (MDR) infill parcel offering approximately 18-unit residential development potential on nearly 3/4 of an acre positioned just off SE Stark Street with established residential neighborhood backing the property. The site features flat topography and scale that support efficient small-home or cottage-style planning concepts.The seller has engaged in multiple planning discussions regarding development feasibility, and based on those conversations, an approximately 18-unit residential concept appeared consistent with current MDR zoning standards at that time. The project was not formally submitted for land use approval. Buyer to verify all zoning, density allowances, parking standards, and development requirements with the jurisdiction.An existing single-family home is currently located on the property. Value is primarily in the land and development potential.At a list price of $500,000, this offering represents a compelling entry point for builders targeting the $350,000 attainable housing segment, where demand remains strong throughout the Portland metro area. Opportunities of this size, zoning designation, and price level are increasingly limited.Buyer to conduct independent due diligence regarding utilities, system development charges, demolition considerations, and overall development feasibility.Don't miss out in this Opportunity! (ProForma attached) or call, I can send in an email.

Listing Status:: Active
Date Added:: February 27, 2026
Data Last Updated:: February 28, 2026 at 7:40AM
Listing Office:: Knipe Realty ERA Powered : 503-445-7660
Listing Agent:: Jesse Richter : 503-310-7012
MLS ID:: 637394536

Heating: Forced air
Fireplace: Wood burningFireplaceFireplaces: 1

General: Stucco
Style: Stories 2
Parking: Parking spaces: 0

Road/Access: Paved
Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: SECTION 04 1S 3ETL 10400 0.74 ACRESR337501

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Jesse Richter , Knipe Realty ERA Powered

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

North Gresham Elementary School

1001 SE 217th Ave, Gresham, OR, 97030

Grades KG-5

0.28 miles away

Clear Creek Middle School

219 NE 219th Ave, Gresham, OR, 97030

Grades 6-8

0.46 miles away

Gresham High School

1200 N Main Ave, Gresham, OR, 97030

Grades 9-12

1.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.