$875000
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Bed
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Bath
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SqFt
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0 DOM
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Built:
- Status: Active
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Krishna Regupathy
Principal Broker
(503) 893-8874Discover the potential of this rare 3.88-acre residential parcel ideally positioned for future development. With a brand-new subdivision nearing completion just down the road, the momentum for new housing in the area is already underway—making this an exciting opportunity for builders, developers, or investors looking to secure their next project. The existing home is currently owner-occupied, but the true value lies in the land and its development possibilities.Preliminary concepts suggest the potential for a thoughtfully designed residential community, with room for multiple homes (buyer to verify with city). A certified arborist tree inventory has already been completed, offering helpful insight for planning and site design. Early discussions indicate utilities such as water and sewer may be extended from the north side of the property, creating a logical path for future infrastructure (buyer to verify).Located along Butler Road, future development may include frontage improvements such as sidewalks and related enhancements, consistent with nearby new construction. Depending on final engineering, grading and retaining solutions may be incorporated into a cohesive subdivision design. The surrounding area is experiencing growth, and the nearby new subdivision highlights the strong demand for new homes in this desirable location.Builders may envision a boutique subdivision, a cluster of new homes, or even a luxury estate concept utilizing the full acreage. The existing residence provides flexibility for interim use while development plans are explored. Whether you're looking to build now or secure land for your next project, this property offers scale, flexibility, and timing aligned with nearby development activity.Opportunities of this size with development potential—especially near newly built communities—are increasingly hard to find. Bring your vision and explore the possibilities. Buyer to perform all due diligence regarding zoning, density, and utilities.
Listing Provided Courtesy of Brent Maxson, Keller Williams PDX Central
General Information
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477658964
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SingleFamilyResidence
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0 DOM
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3.88 acres
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LDR
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Multnomah
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R240586
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Butler Creek 7/10
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Centennial
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Centennial
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Land
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SingleFamilyResidence
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PARTITION PLAT 1999-73, LOT 2 INC PT IN ST
Listing Provided Courtesy of Brent Maxson, Keller Williams PDX Central
Krishna Realty data last checked: Apr 06, 2026 14:04 | Listing last modified Apr 06, 2026 04:08,
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