2408 SE 139th Ave, Portland, OR 97233

Portland
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
2408 SE 139th Ave,Portland, OR 97233
$249,900
  • 0.36 Acres
  • Lots / Land
  • Active
Listed by: mary nguyen
Office: cascade hasson sotheby's international realty
MLS#:231612732
Source:PORTLAND

Price summary

  • Price:$249,900

About this home

Prime RM1 Development Site – Outstanding opportunity to develop a vacant, build-ready parcel in an amazing, high-demand location. The property is zoned RM1 and offers a major head start with approximately $20,000 in permit intake fees already paid.The City has approved a 9-unit townhouse-style condominium project, currently designed with spacious 4-bedroom, 3.5-bath layouts—ideal for today’s buyer or rental market. There is flexibility to reconfigure to smaller units, with the option to pursue a Type 3 development for increased density, subject to additional City approval.An excellent opportunity for builders and developers seeking a well-located multifamily site with approvals in place, reduced pre-development costs, and upside potential through alternative unit configurations.

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Home facts

  • Listing ID #:231612732
  • Added:44 day(s) ago
  • Updated:March 19, 2026 at 11:26 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:$249,900
  • 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 Better Homes and Gardens Real Estate Equinox 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: March 19, 2026

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