$549,999
 $2,953 est/mo Sourced by Back At You

540 S Nevada St,Portland, OR 97219

Portland, OR 97219

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Description

Opportunity knocks! Take advantage of this rare offering, a 7,400 SqFt nearly level lot, zoned RM1, in an absolutely prime location! Based on Portland zoning specs, this site allows for a MINIMUM of 1 dwelling per 2,500 SqFt of land with no maximum number of dwellings specified. The current decommissioned pump house can be preserved and potentially repurposed into some form of commercial use, converted into residential use & expanded onto, or torn down to build completely new and maximize the building footprint and total unit count. Buyer to do due diligence. Seller may consider owner carried financing for a limited term if needed, either until construction financing funds, or permits are fully approved.

Details

MLS #274208765
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site355
Listing Provided ByeXp Realty, LLC | Evan Nelson

Features

ZoningRM1
Acreage0.17

Interior

Heating YnNo
Cooling YnNo

Parking

Attached Garage YnNo

Utilities

UtilitiesElectricity Available, Natural Gas Available, Public Sewer, Water Available

Taxes

Property6573

Area Information

StateOR
CountyMultnomah
CityPortland
Zip Code97219
School DistrictIda B Wells
Elementary SchoolCapitol Hill
High SchoolIda B Wells
Sourced by Back At You

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Learn More About This Property

StateOR
CountyMultnomah
CityPortland
Zip Code97219
School DistrictIda B Wells
Elementary SchoolCapitol Hill
High SchoolIda B Wells
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $412K - $687K
sqft: 0 - 0
Listing Updated: September 19, 2026 at 12:34:35 AM PDT
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