Exceptional Medium Density Residential (MDR) infill parcel offering approximately 18-unit residential development potential on nearly 3/4 of an acre positioned just off SE Stark Street with established residential neighborhood backing the property. The site features flat topography and scale that support efficient small-home or cottage-style planning concepts.The seller has engaged in multiple planning discussions regarding development feasibility, and based on those conversations, an approximately 18-unit residential concept appeared consistent with current MDR zoning standards at that time. The project was not formally submitted for land use approval. Buyer to verify all zoning, density allowances, parking standards, and development requirements with the jurisdiction.An existing single-family home is currently located on the property. Value is primarily in the land and development potential.At a list price of $500,000, this offering represents a compelling entry point for builders targeting the $350,000 attainable housing segment, where demand remains strong throughout the Portland metro area. Opportunities of this size, zoning designation, and price level are increasingly limited.Buyer to conduct independent due diligence regarding utilities, system development charges, demolition considerations, and overall development feasibility.Don't miss out in this Opportunity! (ProForma attached) or call, I can send in an email.
Listing Provided Courtesy of Jesse Richter, Knipe Realty ERA Powered
General Information
637394536
SingleFamilyResidence
1
DOM
4
0.74 acres
1
2369
1923
Multnomah
R337501
North Gresham 4/10
Clear Creek 6/10
Gresham
Residential
SingleFamilyResidence
SECTION 04 1S 3E, TL 10400 0.74 ACRES
Listing Provided Courtesy of Jesse Richter, Knipe Realty ERA Powered
Krishna Realty data last checked: Feb 28, 2026 12:02 | Listing last modified Feb 27, 2026 16:09,
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Residence Information
0
1529
840
2369
County
1529
1/Gas
4
1
0
1
Stories2
2
1923
No
Stucco
Features and Utilities
Gas
ForcedAir
PublicSewer
Gas
Gas
Financial
4394.32
0
Cash
02-27-2026
No
No
Comparable Information
1
1
Cash
$500,000
$500,000
Feb 27, 2026 16:09
Schools
public Elementary : North Gresham
4/10Ratingspublic Middle : Clear Creek
6/10Ratingsprivate High : GreshamN/ARatings
Exceptional Medium Density Residential (MDR) infill parcel offering approximately 18-unit residential development potential on nearly 3/4 of an acre positioned just off SE Stark Street with established residential neighborhood backing the property. The site features flat topography and scale that support efficient small-home or cottage-style planning concepts.The seller has engaged in multiple planning discussions regarding development feasibility, and based on those conversations, an approximately 18-unit residential concept appeared consistent with current MDR zoning standards at that time. The project was not formally submitted for land use approval. Buyer to verify all zoning, density allowances, parking standards, and development requirements with the jurisdiction.An existing single-family home is currently located on the property. Value is primarily in the land and development potential.At a list price of $500,000, this offering represents a compelling entry point for builders targeting the $350,000 attainable housing segment, where demand remains strong throughout the Portland metro area. Opportunities of this size, zoning designation, and price level are increasingly limited.Buyer to conduct independent due diligence regarding utilities, system development charges, demolition considerations, and overall development feasibility.Don't miss out in this Opportunity! (ProForma attached) or call, I can send in an email.