Prime RM1 Development Site – Outstanding opportunity to develop a vacant, build-ready parcel in an amazing, high-demand location. The property is zoned RM1 and offers a major head start with approximately $20,000 in permit intake fees already paid.The City has approved a 9-unit townhouse-style condominium project, currently designed with spacious 4-bedroom, 3.5-bath layouts—ideal for today’s buyer or rental market. There is flexibility to reconfigure to smaller units, with the option to pursue a Type 3 development for increased density, subject to additional City approval.An excellent opportunity for builders and developers seeking a well-located multifamily site with approvals in place, reduced pre-development costs, and upside potential through alternative unit configurations.
Listing Provided Courtesy of Mary Nguyen, Cascade Hasson Sotheby's International Realty
General Information
231612732
MultiFamily
11
DOM
0.36 acres
RM1
Multnomah
R183888
Lincoln Park 6/10
Ron Russell
David Douglas 5/10
Land
MultiFamily
HOOD ACRES & PLAT 2 & 3, BLOCK 10, LOT 15 EXC NLY 53' OF WLY 105'
Listing Provided Courtesy of Mary Nguyen, Cascade Hasson Sotheby's International Realty
Krishna Realty data last checked: Feb 21, 2026 21:48 | Listing last modified Feb 10, 2026 03:39,
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Residence Information
No
Features and Utilities
Financial
1498.95
0
Cash,Conventional
02-10-2026
No
No
Comparable Information
11
11
Cash,Conventional
$249,900
$249,900
Feb 10, 2026 03:39
Schools
public Elementary : Lincoln Park
6/10Ratings Middle : Ron Russell N/ARatingspublic High : David Douglas
5/10Ratings
Map
Listing courtesy of Cascade Hasson Sotheby's International Realty.
Prime RM1 Development Site – Outstanding opportunity to develop a vacant, build-ready parcel in an amazing, high-demand location. The property is zoned RM1 and offers a major head start with approximately $20,000 in permit intake fees already paid.The City has approved a 9-unit townhouse-style condominium project, currently designed with spacious 4-bedroom, 3.5-bath layouts—ideal for today’s buyer or rental market. There is flexibility to reconfigure to smaller units, with the option to pursue a Type 3 development for increased density, subject to additional City approval.An excellent opportunity for builders and developers seeking a well-located multifamily site with approvals in place, reduced pre-development costs, and upside potential through alternative unit configurations.
