909 Sw GAINES St, Portland, OR 97239

• 2,264 sqft

Property Description

Rare developer and investor opportunity directly across from OHSU Hospital and adjacent to the medical and nursing schools! This premium location features approximately 15,000 SF of land spanning 3 city lots zoned RM2. Excellent potential for future growth with the massive benefit of immediate holding income: the property features an existing 3-story, 3-bedroom residential home that is currently rented. Perfect for a covered land play while you finalize your development plans in a high-demand medical community footprint. The final listing photos showcase the incredible views captured from 25-45 feet above ground level. According to City of Portland Zoning Code, RM2 allows a 45-foot maximum height, generally up to 4 stories, with potential for a higher ratio via city-approved inclusionary housing. Buyer to independently verify any and all zoning code applications, restrictions, and development potential. Owner will consider owner financing terms.

Listing Status:

Active

Date Added:

June 4, 2026

Data Last Updated:

June 11, 2026 at 2:42AM

Listing Office:

Berkshire Hathaway HomeServices NW Real Estate : 503-624-9660

Listing Agent:

Michael Beirwagen : 503-810-0505

MLS ID:

625599636

Interior

• Basement: Full basementPartially finished
• Heating: Forced air

Exterior

• General: Lap siding
• Parking: DrivewayParking spaces: 4

Construction

• Roofing: Composition

Location

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

Lot

• Zoning: RM2PORTLAND CITY HMSTDBLOCK 49LOT 1-3R247185
• View: View

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.