3120 SE 119th Ave, Portland, OR 97266
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
3120 SE 119th Ave,Portland, OR 97266
$475,000
- 0.33 Acres
- Lots / Land
- Pending
Listed by: kelly asmus
Office: berkshire hathaway homeservices nw real estate
MLS#:692531303
Source:PORTLAND
Price summary
- Price:$475,000
About this home
Prime Infill Opportunity on Oversized Lot – 0.33 Acres! Builders and investors, take note! Rare flat as a board lot in Portland’s Powellhurst-Gilbert neighborhood, zoned for potential redevelopment (buyer to verify with the City). With 100 feet of frontage and 145' deep lot dimensions, this property is ideal for partitioning, building plexes, adding ADUs, or developing cottage cluster under Portland’s Residential Infill Project guidelines. R5 Zoning. The existing ranch home is in great shape with full basement offering rental income during planning. Basement conversion potential for a Padsplit, duplex or ADU. Utilities on site, level ground, and no immediate tree or slope constraints make this a straightforward development path. Keep the main house and subdivide off a flag lot and add a duplex while you convert basement to an ADU. Basement has full bath and kitchenette. Or demo the house and subdivide into 2 large lots ready for 4 plexes. Or demo and build up to 16 cottage cluster. Portland City Council voted to temporarily waive development fees to spur housing from Aug. 15 through Sept. 30, 2028 - no development fees! Rentometer.com lists a 3-bed rental at $2208 monthly, 1 month for $1248. Endless options to make this project pencil. Strategically located near transit corridors, parks, and shopping with strong rental demand in the area. Don’t miss this chance to unlock the value of one of East Portland’s most flexible properties. Buyer to do all due diligence with the City of Portland. Do not walk the property without an appointment. Developer packet available.
Contact an agent
Home facts
- Listing ID #:692531303
- Added:127 day(s) ago
- Updated:November 21, 2025 at 08:19 AM
Structure and exterior
- Lot area:0.33 Acres
Schools
- High school:David Douglas
- Middle school:Ron Russell
- Elementary school:Mill Park
Utilities
- Water:Public Between 500-1000 Feet
- Sewer:Sewer 500 Feet Plus
Finances and disclosures
- Price:$475,000
- Tax amount:$5,451 (2024)
All 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 2025 RMLS, Portland, Oregon. Last updated: November 21, 2025New listings near 3120 SE 119th Ave
- New
$2,400,000Active-- beds -- baths8,472 sq. ft.1129 SW Gaines St, Portland, OR 97239
MLS# 136481066Listed by: REALTYNET, LLC - Open Sat, 12 to 2pmNew
$500,000Active3 beds 3 baths1,458 sq. ft.9619 N Kalmar St, Portland, OR 97203
MLS# 204866035Listed by: LIVING ROOM REALTY - Open Sat, 1 to 3pmNew
$899,500Active2 beds 2 baths1,646 sq. ft.1926 W Burnside St #1602, Portland, OR 97209
MLS# 271597827Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE EVERGREEN - New
$365,000Active2 beds 2 baths1,166 sq. ft.2211 SW 1st Ave, Portland, OR 97201
MLS# 711465521Listed by: PREMIERE PROPERTY GROUP, LLC - New
$410,000Active2 beds 1 baths1,466 sq. ft.7906 N Wall Ave, Portland, OR 97203
MLS# 740135326Listed by: PORTLAND CREATIVE REALTORS - New
$575,000Active3 beds 2 baths2,988 sq. ft.10470 SW 67th Ave, Portland, OR 97223
MLS# 755819431Listed by: OREGON FIRST - Open Sat, 12 to 2pmNew
$825,000Active4 beds 2 baths2,918 sq. ft.4140 SW Dakota St, Portland, OR 97221
MLS# 276215261Listed by: KELLER WILLIAMS REALTY PORTLAND PREMIERE - New
$315,000Active1 beds 1 baths836 sq. ft.1130 NW 12th Ave #214, Portland, OR 97209
MLS# 640930352Listed by: DWELL REALTY - New
$395,000Active4 beds 3 baths1,928 sq. ft.3729 N Farragut St, Portland, OR 97217
MLS# 192801307Listed by: PARIS GROUP REALTY LLC - New
$625,000Active4 beds 2 baths2,654 sq. ft.10200 SW 70th Ave, Portland, OR 97223
MLS# 246437148Listed by: KELLER WILLIAMS REALTY PROFESSIONALS
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.