Prime development opportunity in NE Portland with strong infill potential. This property is being offered as a land value/development play with a preliminary fit test suggesting the potential for a 14-unit townhome project (8 smaller units and 6 larger units). Ideal for builders or investors looking for their next infill project in a growing area with strong resale demand.The existing structure on site is considered functionally obsolete and the property is best suited for redevelopment or rehab. Preliminary architectural concepts and fit test available for review to help illustrate the potential vision for the site. Buyer to perform all due diligence regarding zoning, density, utilities, and development feasibility.Conveniently located with access to major commuter routes, shopping, and amenities, this site presents a compelling opportunity for a developer to capitalize on new construction demand in the Portland market. Rare chance to acquire a project-ready site where much of the initial visioning work has already been completed. Bring your builder, investor, or development team — opportunities like this are limited.
Listing Provided Courtesy of Spenser Beck, Handris Realty Co.
General Information
277045500
SingleFamilyResidence
8
DOM
RM1/RM2
Multnomah
R109695
Glenfair 3/10
H.B. Lee
Reynolds
Land
SingleFamilyResidence
ASCOT AC, LOT 197&198 TL 4800
Listing Provided Courtesy of Spenser Beck, Handris Realty Co.
Krishna Realty data last checked: Apr 26, 2026 09:51 | Listing last modified Feb 28, 2026 12:55,
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Residence Information
No
Features and Utilities
Financial
4850.61
0
Cash,Rehab
02-20-2026
No
No
Comparable Information
8
65
Cash,Rehab
$649,900
$649,900
Feb 28, 2026 12:55
Schools
public Elementary : Glenfair
3/10Ratings Middle : H.B. Lee N/ARatings High : ReynoldsN/ARatings
Prime development opportunity in NE Portland with strong infill potential. This property is being offered as a land value/development play with a preliminary fit test suggesting the potential for a 14-unit townhome project (8 smaller units and 6 larger units). Ideal for builders or investors looking for their next infill project in a growing area with strong resale demand.The existing structure on site is considered functionally obsolete and the property is best suited for redevelopment or rehab. Preliminary architectural concepts and fit test available for review to help illustrate the potential vision for the site. Buyer to perform all due diligence regarding zoning, density, utilities, and development feasibility.Conveniently located with access to major commuter routes, shopping, and amenities, this site presents a compelling opportunity for a developer to capitalize on new construction demand in the Portland market. Rare chance to acquire a project-ready site where much of the initial visioning work has already been completed. Bring your builder, investor, or development team — opportunities like this are limited.
