3124 SE 20th Ave, Portland, OR 97202

Located in the Hosford Abernethy neighborhood, this rare RM2 zoned development opportunity sits on a generous 0.30 acre lot in one of Southeast Portland’s most established and highly sought after areas. The primary value is in the land, offering size, configuration, and zoning that support meaningful redevelopment potential in a close-in location. RM2 zoning allows for medium scale multifamily development consistent with the surrounding urban fabric, subject to buyer verification and City of Portland approvals. The lot’s depth, frontage, and overall scale create flexibility for a range of redevelopment concepts, whether pursued as a single phase or through a staged approach. Existing on the property are two detached homes with utilities, access, and improvements in place, providing optional interim holding income while development plans are finalized. One structure is a 1,944 square foot duplex with two units and basement areas. The second is a 1,682 square foot detached home with