Opportunity knocks! Take advantage of this rare offering, a 7,400 SqFt nearly level lot, zoned RM1, in an absolutely prime location! Based on Portland zoning specs, this site allows for a MINIMUM of 1 dwelling per 2,500 SqFt of land with no maximum number of dwellings specified. The current decommissioned pump house can be preserved and potentially repurposed into some form of commercial use, converted into residential use & expanded onto, or torn down to build completely new and maximize the building footprint and total unit count. Buyer to do due diligence. Seller may consider owner carried financing for a limited term if needed, either until construction financing funds, or permits are fully approved.
Listing Provided Courtesy of Evan Nelson, eXp Realty, LLC
General Information
274208765
MultiFamily
2
DOM
7405.2 SqFt
RM1
Multnomah
R330285
Capitol Hill 7/10
Jackson 8/10
Ida B Wells
Land
MultiFamily
SECTION 22 1S 1E, TL 9600 0.17 ACRES
Listing Provided Courtesy of Evan Nelson, eXp Realty, LLC
Krishna Realty data last checked: Oct 03, 2025 21:36 | Listing last modified Oct 03, 2025 01:17,
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Residence Information
No
Features and Utilities
Financial
6573.54
0
Cash,Other,OwnerWillCarry
10-01-2025
No
No
Comparable Information
2
2
Cash,Other,OwnerWillCarry
$595,000
$595,000
Oct 03, 2025 01:17
Schools
public Elementary : Capitol Hill
7/10Ratingspublic Middle : Jackson
8/10Ratings High : Ida B WellsN/ARatings
Opportunity knocks! Take advantage of this rare offering, a 7,400 SqFt nearly level lot, zoned RM1, in an absolutely prime location! Based on Portland zoning specs, this site allows for a MINIMUM of 1 dwelling per 2,500 SqFt of land with no maximum number of dwellings specified. The current decommissioned pump house can be preserved and potentially repurposed into some form of commercial use, converted into residential use & expanded onto, or torn down to build completely new and maximize the building footprint and total unit count. Buyer to do due diligence. Seller may consider owner carried financing for a limited term if needed, either until construction financing funds, or permits are fully approved.
