909 SW Gaines St, Portland, OR 97239

Portland
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
909 SW Gaines St,Portland, OR 97239
$1,075,000
  • - Beds
  • - Baths
  • 2,264 sq. ft.
  • Multi-family
  • Active
Listed by: michael beirwagen, emilie evans
Office: berkshire hathaway homeservices nw real estate503-624-9660
MLS#:625599636
Source:PORTLAND

Price summary

  • Price:$1,075,000
  • Price per sq. ft.:$474.82

About this home

Rare developer and investor opportunity directly across from OHSU Hospital and adjacent to the medical and nursing schools! This premium location features approximately 15,000 SF of land spanning 3 city lots zoned RM2. Excellent potential for future growth with the massive benefit of immediate holding income: the property features an existing 3-story, 3-bedroom residential home that is currently rented. Perfect for a covered land play while you finalize your development plans in a high-demand medical community footprint. The final listing photos showcase the incredible views captured from 25-45 feet above ground level. According to City of Portland Zoning Code, RM2 allows a 45-foot maximum height, generally up to 4 stories, with potential for a higher ratio via city-approved inclusionary housing. Buyer to independently verify any and all zoning code applications, restrictions, and development potential. Owner will consider owner financing terms.

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Home facts

  • Year built:1904
  • Listing ID #:625599636
  • Added:144 day(s) ago
  • Updated:October 27, 2026 at 12:53 PM

Rooms and interior

  • Basement Description:Full Basement, Partial Finished
  • Living area:2,264 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1904
  • Building area:2,264 sq. ft.
  • Lot area:0.34 Acres

Schools

  • High school:Lincoln
  • Middle school:West Sylvan
  • Elementary school:Ainsworth

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,075,000
  • Price per sq. ft.:$474.82
  • Tax amount:$10,775

Parking

  • Total parking spaces:4
  • Parking description:Driveway
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: October 27, 2026

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