$479950

Price cut: $5K (08-06-2025)

Bed
Bath
SqFt
91 DOM
Built:
Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

Prime Infill Opportunity on Oversized Lot – 0.33 Acres! Builders and investors, take note! Rare flat as a board lot in Portland’s Powellhurst-Gilbert neighborhood, zoned for potential redevelopment (buyer to verify with the City). With 100 feet of frontage and 145' deep lot dimensions, this property is ideal for partitioning, building plexes, adding ADUs, or developing cottage cluster under Portland’s Residential Infill Project guidelines. R5 Zoning. The existing ranch home is in great shape with full basement offering rental income during planning. Basement conversion potential for a Padsplit, duplex or ADU. Utilities on site, level ground, and no immediate tree or slope constraints make this a straightforward development path. Keep the main house and subdivide off a flag lot and add a duplex while you convert basement to an ADU. Basement has full bath and kitchenette. Or demo the house and subdivide into 2 large lots ready for 4 plexes. Or demo and build up to 16 cottage cluster. Portland City Council voted to temporarily waive development fees to spur housing from Aug. 15 through Sept. 30, 2028 - no development fees! Rentometer.com lists a 3-bed rental at $2208 monthly, 1 month for $1248. Endless options to make this project pencil. Strategically located near transit corridors, parks, and shopping with strong rental demand in the area. Don’t miss this chance to unlock the value of one of East Portland’s most flexible properties. Buyer to do all due diligence with the City of Portland. Do not walk the property without an appointment. Developer packet available.

Listing Provided Courtesy of Kelly Asmus, Berkshire Hathaway HomeServices NW Real Estate

General Information

MLS #692531303
TypeSingleFamilyResidence
Days on Market 91 DOM
Beds
Lot Size 0.33 acres
Baths
SqFt
Year built
ZoningR5
CountyMultnomah
Tax IDR333859
ElemMill Park
MiddleRon Russell 6/10
HighDavid Douglas
PropCategoryLand
PropTypeSingleFamilyResidence
Neighborhood (Legal)SECTION 10 1S 2E, TL 7200 0.33 ACRES

Listing Provided Courtesy of Kelly Asmus, Berkshire Hathaway HomeServices NW Real Estate

Krishna Realty data last checked: Oct 16, 2025 00:33 | Listing last modified Oct 15, 2025 18:15, Source:

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Residence Information

Upper SqFt
Main SqFt
Lower SqFt
Total SqFt
SFSrc
TotUp/Mn
Fireplaces
Bdrms
Full Bath
Partial Bath
Total Bath
Roof
Garage
Style
Parking
Levels
Year Built
Green CertNo
Energy Eff
Exterior
Bsmt/Fnd
RV
URM
Basement
Foundation
Windows
Amenities

Features and Utilities

Living
Kitchen
Interior
Exterior
Accessibility
Cool
Water
Heat
Sewer
Hot Water
Fuel

Financial

PTax/Yr5220.93
HOA0
HOA Incl
HOA Fee
Other Dues
Terms ConsideredCash,Conventional,FHA,VALoan
List Date07-16-2025
Rent (If Rented)
Bank Owned/REONo
Short SaleNo

Comparable Information

Pending Date
DOM 91
CDOM 92
Sold Date
TermsCash,Conventional,FHA,VALoan
Original Price$495,000
List Price$479,950
Sold Price
Last ModifiedOct 15, 2025 18:15

Schools

Elementary : Mill Park N/A Ratings

public Middle : Ron Russell 6/10 Ratings

High : David Douglas N/A Ratings

Map

Listing courtesy of Berkshire Hathaway HomeServices NW Real Estate.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: Oct 16, 2025 00:33 | Listing last modified Oct 15, 2025 18:15. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

3120 SE 119TH AVE