Rare development opportunity! Situated on a large .19 acre corner lot, this property is zoned R2.5 and platted as three separate tax lots, offering exciting possibilities for builders, developers, or investors. The zoning may allow for middle housing opportunities (buyer to verify with the City of Portland). The existing 1907 home (3 bed / 1.1 bath, approx. 1,400 SF) is in need of significant repair but provides a starting point for those looking to renovate or redevelop. Buyers to perform their own due diligence regarding lot lines, zoning, and development potential. Cash only.
Listing Provided Courtesy of Nikki del Giudice, Farrell Realty & Property Management, Inc
General Information
748058129
SingleFamilyResidence
21
DOM
3
8276.4 SqFt
1.5
1400
1907
R2.5
Multnomah
R292534
Astor 3/10
Astor 3/10
Roosevelt 2/10
Residential
SingleFamilyResidence
UNIVERSITY PK, BLOCK 132, LOT 1-3
Listing Provided Courtesy of Nikki del Giudice, Farrell Realty & Property Management, Inc
Krishna Realty data last checked: Apr 03, 2026 03:17 | Listing last modified Mar 13, 2026 10:00,
Source:
Rare development opportunity! Situated on a large .19 acre corner lot, this property is zoned R2.5 and platted as three separate tax lots, offering exciting possibilities for builders, developers, or investors. The zoning may allow for middle housing opportunities (buyer to verify with the City of Portland). The existing 1907 home (3 bed / 1.1 bath, approx. 1,400 SF) is in need of significant repair but provides a starting point for those looking to renovate or redevelop. Buyers to perform their own due diligence regarding lot lines, zoning, and development potential. Cash only.
