Come take a look at this exciting development opportunity in Arbor Lodge. This unique property is zoned RM2 and offers great possibility in a rapidly growing area of the city. The preliminary concept suggests space for a 3 to 4 story multi-dwelling structure: Apartments, fourplexes, rowhouses, etc. This corner lot boasts excellent access on three sides boosting development potential and access for future residents. Its prime location gives you convenient access to the Max line, public transportation, and I-5 for commuters. You'll also find it's within walking distance of popular restaurants, parks, and local attractions - like the Adidas campus, the Overlook Bluff & University of Portland . The current house on site allows you to rent the property while you finalize your development plans. However, the real value lies in the land and its significant development potential. As with any development project, we encourage buyers to verify all information and complete their own due diligence to confirm feasibility.
Listing Provided Courtesy of Perla Martinez Evans, Think Real Estate
General Information
119183569
SingleFamilyResidence
1
DOM
4
8712 SqFt
2
1987
1910
RM2
Multnomah
R233802
Chief Joseph 5/10
Ockley Green 1/10
Jefferson 4/10
Residential
SingleFamilyResidence
PARK ADD TO ALBINA, BLOCK 10, LOT 10, LOT 11 EXC PT IN ST
Listing Provided Courtesy of Perla Martinez Evans, Think Real Estate
Krishna Realty data last checked: Aug 14, 2025 10:43 | Listing last modified May 22, 2025 21:21,
Source:
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Residence Information
0
1018
969
1987
County
1018
4
2
0
2
Composition
1, Detached
Bungalow
Driveway
2
1910
No
WoodSiding
Unfinished
Unfinished
ConcretePerimeter
WoodFrames
Features and Utilities
FreeStandingRange, Tile
HardwoodFloors
Fenced, Yard
None
Electricity
ForcedAir
PublicSewer
Electricity
Electricity
Financial
3652.12
0
Cash,Conventional,VALoan
05-22-2025
No
No
Comparable Information
1
84
Cash,Conventional,VALoan
$799,999
$799,999
May 22, 2025 21:21
Schools
public Elementary : Chief Joseph
5/10Ratingspublic Middle : Ockley Green
1/10Ratingspublic High : Jefferson
4/10Ratings
Come take a look at this exciting development opportunity in Arbor Lodge. This unique property is zoned RM2 and offers great possibility in a rapidly growing area of the city. The preliminary concept suggests space for a 3 to 4 story multi-dwelling structure: Apartments, fourplexes, rowhouses, etc. This corner lot boasts excellent access on three sides boosting development potential and access for future residents. Its prime location gives you convenient access to the Max line, public transportation, and I-5 for commuters. You'll also find it's within walking distance of popular restaurants, parks, and local attractions - like the Adidas campus, the Overlook Bluff & University of Portland . The current house on site allows you to rent the property while you finalize your development plans. However, the real value lies in the land and its significant development potential. As with any development project, we encourage buyers to verify all information and complete their own due diligence to confirm feasibility.
