RM2 Zoned Development
3124 SE 20TH Ave, Portland, OR 97202
- Added:
- Jan 5, 2026
- Days on Market:
- 137
- Last Refresh:
- May 22 at 12:06 am
Property Features for 3124 SE 20TH Ave
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- RM2
- Standard status
- Active
- APN
- R287658
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Description
- TIBBETTS ADD, BLOCK 55, INC 30' X 100' S OF & ADJ LOT 1, LOT 2
- Tax Annual Amount
- 13715
Listing agent Darryl Bodle License #199910100 (503) 709-4632
Listing office Keller Williams Realty Portland Premiere 7504 SW Bridgeport Rd, Portland, OR (503) 597-2444
Listing date Jan 5, 2026
MLS# 292227027
Listing URL
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Rare 0.30 acre RM2 zoned development opportunity in Hosford Abernethy.
- Significant redevelopment potential for medium‑scale multifamily housing.
- Two existing homes provide optional interim holding income.
- Flexible lot configuration allows for single‑phase or staged development.
- Located near New Seasons Market, Clinton Community Garden, and Division Street amenities.
- Existing utilities, access, and improvements in place.
Overview
Located in the Hosford Abernethy neighborhood, this property presents a rare development opportunity with RM2 zoning on a 0.30 acre lot. The primary value lies in the land, offering size, configuration, and zoning that support redevelopment potential in a close-in location. RM2 zoning allows for medium scale multifamily development consistent with the surrounding urban fabric. The lot's depth, frontage, and overall scale create flexibility for a range of redevelopment concepts, whether pursued as a single phase or through a staged approach. Existing on the property are two detached homes with utilities, access, and improvements in place, providing optional interim holding income while development plans are finalized. One structure is a 1,944 square foot duplex with two units and basement areas. The second is a 1,682 square foot detached home with basement space, a garage, a shared driveway, and an additional paved off street parking pad. Each home benefits from a fully fenced yard. These improvements may be utilized short term or removed to unlock the site's highest and best use. The surrounding area features a mix of established residences, small scale multifamily, and newer infill projects, reinforcing strong demand drivers for future housing. The property is located six blocks from New Seasons Market and the Clinton Community Garden, with additional proximity to Division Street amenities, neighborhood parks, dining, and services further enhancing the site's long term development appeal. This property presents an opportunity to control a sizable parcel in a Southeast Portland submarket.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.645413
- Latitude
- 45.500037
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - 0.30 acre lot in Hosford Abernethy neighborhood.
Where is this residential land & home lot located?
The property is located at 3124 SE 20TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Rare 0.30 acre RM2 zoned development opportunity in Hosford Abernethy.; Significant redevelopment potential for medium‑scale multifamily housing.; Two existing homes provide optional interim holding income.
