$249,900

2408 Se 139TH Ave, Portland, OR 97233

Land
Built in ——
0.36acre lot
—— car garage
$——/sqft
Listed 18 days ago

Property Description

Prime RM1 Development Site – Outstanding opportunity to develop a vacant, build-ready parcel in an amazing, high-demand location. The property is zoned RM1 and offers a major head start with approximately $20,000 in permit intake fees already paid.The City has approved a 9-unit townhouse-style condominium project, currently designed with spacious 4-bedroom, 3.5-bath layouts—ideal for today’s buyer or rental market. There is flexibility to reconfigure to smaller units, with the option to pursue a Type 3 development for increased density, subject to additional City approval.An excellent opportunity for builders and developers seeking a well-located multifamily site with approvals in place, reduced pre-development costs, and upside potential through alternative unit configurations.

Listing Status:: Active
Date Added:: February 10, 2026
Data Last Updated:: February 28, 2026 at 2:42PM
Listing Office:: Cascade Hasson Sotheby's International Realty : 503-335-9898
Listing Agent:: Mary Nguyen : 971-249-2553
MLS ID:: 231612732

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

Zoning: RM1HOOD ACRES & PLAT 2 & 3BLOCK 10LOT 15 EXC NLY 53' OF WLY 105'R183888
View: View
Current Use: Other

Utilities: Cable availableElectricity availableNatural gas availablePublic sewerWater available

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Mary Nguyen , Cascade Hasson Sotheby's International Realty

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.

Location

Schools Nearby

Lincoln Park Elementary School

13200 SE Lincoln St, Portland, OR, 97233

Grades PK-5

0.36 miles away

Ron Russell Middle School

3955 SE 112th Ave, Portland, OR, 97266

Grades 6-8

1.57 miles away

David Douglas High School

1001 SE 135th Ave, Portland, OR, 97233

Grades 9-12

0.81 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.