640 SE 47th Ave, Portland, OR 97215

Redevelopment opportunity in Portland’s Sunnyside neighborhood offering a well-located land value play for investors and builders. The property spans approximately 0.21 acres with favorable 50 × 180 dimensions and is zoned R2.5, providing flexibility for future residential use consistent with zoning allowances, subject to buyer due diligence and City approvals. An existing residence is currently located on the property, with sewer, water, and electric services already present and available for connection, potentially reducing upfront infrastructure costs. The site is being marketed primarily for its land value and redevelopment potential rather than the existing structure. Positioned near the Belmont and Hawthorne corridors, the location benefits from strong housing demand, walkability, transit access, and proximity to neighborhood amenities that continue to support long-term value in the Sunnyside area. An attractive opportunity for those seeking to reposition a sizable infill lot in … read more …