16434 Ne MULTNOMAH St, Portland, OR 97230

• 3 beds |
• 1 bath |
• 1,580 sqft

Property Description

Development opportunity with multiple possibilities on the Gresham boarder! This 15,555 sq ft (.36-acre) LDR-7 zoned parcel offers flexibility for builders, developers, investors, or buyers looking for a unique project. Explore development configurations including 2 single-family homes, duplexes, triplexes, quadplexes, townhomes, or a cottage cluster with up to 9 cottages, subject to City of Gresham approval and applicable development standards. The mostly level, rectangular lot offers approximately 85 feet of frontage on NE Multnomah St, creating a versatile footprint for redevelopment. The existing residence is connected to city sewer and water, with services connected at Multnomah Street. A conceptual 4-unit townhome layout is available to illustrate one potential configuration. Not ready to start from scratch? The existing residence and 2 car tandem garage also offer potential for an extensive fixer/renovation project, with the possibility of creating a home with up to 5 bedrooms and 2.5 bathrooms on a large private lot. Whether you envision renovating the existing property, building two single-family homes, or maximizing the site with middle housing, this property offers several paths to explore. Conveniently located near shopping, dining, parks, I-84, and major commuter routes. Developer packet available upon request. Buyer to complete all due diligence and verify zoning, utilities, development potential, unit count, renovation possibilities, and intended use with the appropriate governing agencies.

Listing Status:

Active

Date Added:

September 18, 2026

Data Last Updated:

October 20, 2026 at 7:52AM

Listing Office:

Premiere Property Group, LLC : 503-670-9000

Listing Agent:

Amanda Bennett : 360-607-4308

MLS ID:

258105365

Interior

• General: Wood floors
• Basement: DaylightPartially finished
• A/C: Wall unit
• Heating: Other

Exterior

• General: CedarShake sidingFencedYard
• Style: Daylight ranch
• Parking: DrivewayOn streetParking spaces: 2

Construction

• Roofing: Shingle
• Windows: WoodFrames
• General: Concrete perimeter

Location

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

Lot

• Zoning: CLAREMONTBLOCK 2LOT 8R134901

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.