125 Se 126TH Ave, Portland, OR 97233

• 4 beds |
• 2 baths |
• 1,288 sqft

Property Description

Rare RH-zoned development opportunity in East Portland with a 15,000 SF lot and strong upside beyond the existing home. Seller has a preliminary concept for 9 units, but the real value here is in the land and its high-density multifamily potential. Located near MAX/transit, this site may benefit from Portland’s transit-oriented development standards, creating an attractive opportunity for builders, multifamily investors, and land bankers. Existing home can provide interim income or hold value while buyer pursues planning. Buyer to perform all due diligence regarding unit count, FAR, height, parking, transit-related allowances, and development feasibility.

Listing Status:

Active

Date Added:

March 12, 2026

Data Last Updated:

March 13, 2026 at 5:41AM

Listing Office:

Epique Realty : 503-819-9191

Listing Agent:

Paul Campbell : 503-307-0769

MLS ID:

383110687

Interior

• Basement: FinishedFull basement
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: Wood siding
• Style: Stories 2Bungalow
• Parking: Parking spaces: 0

Construction

• Roofing: CompositionShingle
• General: Concrete perimeter

Location

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

Lot

• Zoning: RHMENLO PKS 74' OF E 150' OF LOT 3N 26' OF E 150' OF LOT 4R216737
• View: View

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.