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2408 SE 139th Ave, Portland, OR 97233

Portland
Local realty services provided by:CENTURY 21 Agate Realty
2408 SE 139th Ave,Portland, OR 97233
$209,000
  • 0.36 Acres
  • Lots / Land
  • Active
Listed by: lyndsey lord
Office: move real estate inc503-836-2010
MLS#:306557573
Source:PORTLAND

Price summary

  • Price:$209,000

About this home

**PRIME RM1 DEVELOPMENT OPPORTUNITY!** Rare opportunity to develop a vacant, build-ready parcel in a highly desirable, high-demand Portland location! Zoned RM1 with approximately $20k in City permit intake fees already paid. City-approved plans for a 9-unit, three-level townhouse-style condominium project featuring spacious 3-bedroom, 3.5-bath layouts. Complete architectural, building, and structural engineering plans available, plus plans for an alternative 18-unit multifamily apartment development. Approximately $150,000 invested in planning, architectural design, engineering, City of Portland Early Assistance, and Type IIx review, currently under review. Potential to modify layouts or pursue increased density, subject to City approval. Exceptional opportunity for builders and investors to save time and upfront development costs while maximizing this property's potential!

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Home facts

  • Listing ID #:306557573
  • Added:1 day(s) ago
  • Updated:November 02, 2026 at 03:22 AM

Structure and exterior

  • Lot area:0.36 Acres
  • Lot Features:Flag Lot, Trees

Schools

  • High school:David Douglas
  • Middle school:Ron Russell
  • Elementary school:Lincoln Park

Utilities

  • Water:Water Available

Finances and disclosures

  • Price:$209,000
  • Tax amount:$1,499 (2025)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than CENTURY 21 Agate Realty are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: November 2, 2026 PORTLAND Member Broker: Rebecca Watwood PC

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