Reduced price! Builder and developer investment alert! Property is in quite an opportunity zone. Value in the land. RX zone is a high-density multi-dwelling zone that allows the greatest intensity of development scale in the residential zones. The zone is applied within Portland's most intensely urban areas, specifically the Central City and the Gateway Regional Center. Allowed housing development is characterized by large buildings with a very high percentage of building coverage. The major types of new housing development will be mid-rise and high-rise multi-dwelling structures, often with allowed retail, institutional, or other service-oriented uses. Development is intended to be pedestrian oriented, with buildings that contribute to an urban environment with a strong street edge of buildings located close to sidewalks. The Design overlay zone is applied to this zone. Excellent transit score 71. Very walkable score 76, Biker's paradise score 95! Tenants in property now. Do not disturb. HES score 2.https://rpt.greenbuildingregistry.com/hes/OR10200583.pdf Investor hold options. Great rental location for home-based business or project center seeking visibility and accessibility. High traffic. Fenced and gated. Flexible terms.
Listing Provided Courtesy of Janice Lundy, Berkshire Hathaway HomeServices NW Real Estate
General Information
24494866
MixedUse
324
DOM
0.3 acres
RHT, RX
Multnomah
R179237
Vestal 2/10
Roseway Heights
Leodis McDaniel
Land
MixedUse
Hermon Heights, Block 1, Lot 1, TL 500
Listing Provided Courtesy of Janice Lundy, Berkshire Hathaway HomeServices NW Real Estate
Krishna Realty data last checked: Nov 15, 2025 06:26 | Listing last modified Oct 19, 2025 15:40,
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Residence Information
No
Features and Utilities
Financial
4315.36
0
CallListingAgent,Cash,Contract,Conventional,Trade
11-29-2024
No
No
Comparable Information
324
351
CallListingAgent,Cash,Contract,Conventional,Trade
$1,500,000
$1,250,000
Oct 19, 2025 15:40
Schools
public Elementary : Vestal
2/10Ratings Middle : Roseway Heights N/ARatings High : Leodis McDanielN/ARatings
Map
Listing courtesy of Berkshire Hathaway HomeServices NW Real Estate.
Reduced price! Builder and developer investment alert! Property is in quite an opportunity zone. Value in the land. RX zone is a high-density multi-dwelling zone that allows the greatest intensity of development scale in the residential zones. The zone is applied within Portland's most intensely urban areas, specifically the Central City and the Gateway Regional Center. Allowed housing development is characterized by large buildings with a very high percentage of building coverage. The major types of new housing development will be mid-rise and high-rise multi-dwelling structures, often with allowed retail, institutional, or other service-oriented uses. Development is intended to be pedestrian oriented, with buildings that contribute to an urban environment with a strong street edge of buildings located close to sidewalks. The Design overlay zone is applied to this zone. Excellent transit score 71. Very walkable score 76, Biker's paradise score 95! Tenants in property now. Do not disturb. HES score 2.https://rpt.greenbuildingregistry.com/hes/OR10200583.pdf Investor hold options. Great rental location for home-based business or project center seeking visibility and accessibility. High traffic. Fenced and gated. Flexible terms.
