Shawn Realty 503-515-4499
2408 SE 139TH AVE, Portland, OR 97233
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- County
- Multnomah
- Annual Tax
- $1,499 (2025)
- HOA
- None
- Days on Market
- 11 days
- Open House
- None scheduled
Description
**PRIME RM1 DEVELOPMENT OPPORTUNITY!** Rare opportunity to develop a vacant, build-ready parcel in a highly desirable, high-demand Portland location! Zoned RM1 with approximately $20k in City permit intake fees already paid. City-approved plans for a 9-unit, three-level townhouse-style condominium project featuring spacious 3-bedroom, 3.5-bath layouts. Complete architectural, building, and structural engineering plans available, plus plans for an alternative 18-unit multifamily apartment development. Approximately $150,000 invested in planning, architectural design, engineering, City of Portland Early Assistance, and Type IIx review, currently under review. Potential to modify layouts or pursue increased density, subject to City approval. Exceptional opportunity for builders and investors to save time and upfront development costs while maximizing this property's potential!
Facts & Features
| Property Type | Land |
|---|---|
| Sub-Type | Multi Family |
| Lot Size (acres) | 0.36 |
| Lot Size (sq ft) | 15681 |
| County | Multnomah |
| Elementary School | Lincoln Park |
| Middle School | Ron Russell |
| High School | David Douglas |
| View | Yes |
| Lot Features | Flag Lot, Trees |
| Annual Taxes | $1,499 |
| Tax Year | 2025 |
| Original List Price | $209,000 |
| RMLS # | 306557573 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Lyndsey Lord • Move Real Estate Inc
Listing updated: Nov 1, 2026 at 7:00pm
Source: RMLS #306557573
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 Shawn Realty are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on 11/09/2026 17:45. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by RMLS.
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Shawn Yu, Shawn Realty · 503-515-4499
Shawn Yu (Shawn Realty) is not the listing agent for this home.
Shawn Realty