$649,900

425 Ne 146TH Ave, Portland, OR 97230

3 beds |
1 bath |
1,352 sqft

Single-Family Home
Built in 1948
0.6acre lot
1 car garage
$481/sqft
Listed 8 days ago

Property Description

Prime development opportunity in NE Portland with strong infill potential. This property is being offered as a land value/development play with a preliminary fit test suggesting the potential for a 14-unit townhome project (8 smaller units and 6 larger units). Ideal for builders or investors looking for their next infill project in a growing area with strong resale demand.The existing structure on site is considered functionally obsolete and the property is best suited for redevelopment or rehab. Preliminary architectural concepts and fit test available for review to help illustrate the potential vision for the site. Buyer to perform all due diligence regarding zoning, density, utilities, and development feasibility.Conveniently located with access to major commuter routes, shopping, and amenities, this site presents a compelling opportunity for a developer to capitalize on new construction demand in the Portland market. Rare chance to acquire a project-ready site where much of the initial visioning work has already been completed. Bring your builder, investor, or development team — opportunities like this are limited. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10232725]

Listing Status:: Active
Date Added:: February 20, 2026
Data Last Updated:: February 28, 2026 at 7:40AM
Listing Office:: Handris Realty Co. : 503-657-1094
Listing Agent:: Spenser Beck : 360-713-7580
MLS ID:: 342236782

General: Hardwood floorsVaulted ceilingWallto wall carpet
Appliances: DishwasherFree standing rangeFree standing refrigerator
Heating: Forced air
Fireplace: InsertFireplaceFireplaces: 1

General: Wood sidingWorkshopYard
Style: Stories 1
Parking: Parking spaces: 1

Roofing: Composition
Windows: WoodFrames

Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: ASCOT ACLOT 197&198 TL 4800R109695

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Spenser Beck , Handris Realty Co.

Monthly Payment

$Est. Payment

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

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Location

Schools Nearby

Glenfair Elementary School

15300 NE Glisan St, Portland, OR, 97230

Grades KG-5

0.36 miles away

Hauton B. Lee Middle School

1121 NE 172nd Ave, Portland, OR, 97230

Grades 6-8

1.30 miles away

Reynolds Learning Academy

20234 NE Halsey St, Fairview, OR, 97024

Grades 7-12

2.84 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.