$625,000

1039 Se 78TH Ave, Portland, OR 97215

Land
Built in ——
10,454sqft lot
—— car garage
$——/sqft
Listed 18 hours ago

Property Description

RENOVATE and PRESERVE the existing home, and put 2 detached ADU's in rear with ALLEY access. Rare development OPPORTUNITY in one of Portland’s most sought-after neighborhoods, just blocks from Montavilla Street dining, cafés, and shopping. This CORNER 100x105’ R5-zoned lot with alley access offers approximately 10,500SF of infill potential with FLEXIBLE options for investors, developers, or owner-occupants. CONFIRM existing lot line, create two 50x100 lots, build detached homes, add ADUs. Build a COTTAGE CLUSTER and take advantage of SDC waivers. The property includes an existing 1558 SF home plus a 300SF unfinished basement, ideal for renovation, additional units, or complete redevelopment. Exceptional WALKABILITY, strong upside potential, and a prime Portland location makes this a standout opportunity. Buyer to verify development possibilities with the City.

Listing Status:: Active
Date Added:: June 10, 2026
Data Last Updated:: June 10, 2026 at 10:43PM
Listing Office:: RE/MAX Equity Group : 503-653-0607
Listing Agent:: Gretchen Spring : 503-964-7994
MLS ID:: 659066761

General: Residence

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

Zoning: R5KINZEL PKBLOCK 5LOT 17&18R198928
Current Use: Residential

Utilities: Electricity connectedSewer connectedWater connected

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Gretchen Spring , RE/MAX Equity Group

Monthly Payment

$Est. Payment

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

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.