3124 SE 20th Ave, Portland, OR 97202

Portland
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
3124 SE 20th Ave,Portland, OR 97202
$1,550,000
  • 0.3 Acres
  • Lots / Land
  • Active
Listed by: thomas cale, justin krug
Office: cascade hasson sotheby's international realty503-420-8650
MLS#:508968141
Source:PORTLAND

Price summary

  • Price:$1,550,000

About this home

3124 SE 20th Ave presents an exceptional multifamily development site in the highly desirable Hosford-Abernethy neighborhood. This level 0.3-acre property offers developers a strategic opportunity to design a signature residential community, whether an elegant mid-rise apartment complex or a thoughtfully composed townhome enclave. Zoned RM2, the flat terrain allows for efficient vertical construction while accommodating up to 60-70 percent lot coverage and elevations up to four stories. The site's development metrics feature highly sought after floor area ratios, starting with a base of 1.5:1 and expanding up to a 3:1 ratio when incorporating Portland's affordable housing density bonuses. Positioned just off SE Powell Boulevard and adjacent to SE Division Street, future residents will enjoy immediate access to Portland's celebrated culinary scene, the Clinton Street theater district, Cleveland High School, and downtown transit routes. Existing onsite rental properties may provide...

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Home facts

  • Listing ID #:508968141
  • Added:1 day(s) ago
  • Updated:September 05, 2026 at 01:26 PM

Structure and exterior

  • Lot area:0.3 Acres

Schools

  • High school:Cleveland
  • Middle school:Hosford
  • Elementary school:Abernethy

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,550,000
  • Tax amount:$13,715 (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: September 5, 2026

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