540 S NEVADA St Portland, OR 97219

Listing agent Evan Nelson License #201206804 Show Phone

Listing office eXp Realty, LLC o***@exprealty.net 4800 Meadows Rd Ste 300, Salem, OR Show Phone

Listing date Oct 1, 2025

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MLS# 274208765 Listing URL

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Investment Insights

Based on property information with market context.

This offering presents a 7,400 SqFt nearly level lot zoned RM1. According to Portland zoning specifications, the site allows for a minimum of 1 dwelling per 2,500 SqFt of land, with no maximum number of dwellings specified. A decommissioned pump house is currently on the property. This structure could be preserved and potentially repurposed for commercial or residential use, or it could be removed to maximize the building footprint and total unit count. The buyer is responsible for conducting due diligence. The seller may consider owner-carried financing for a limited term, either until construction financing is secured or permits are fully approved. The property is located in Portland, OR.

Key Highlights

• Large 7,400 SqFt Nearly Level Lot in Prime Location
• RM1 Zoning Allows for High‑Density Development (Minimum 1 Dwelling per 2,500 SqFt)
• No Maximum Dwelling Limit Specified by Zoning

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FAQs

What type of property is this?

Land - 7,400 SqFt RM1 zoned lot in prime location.

Where is this land located?

The property is located at 540 S NEVADA St Portland, OR.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: Large 7,400 SqFt Nearly Level Lot in Prime Location; RM1 Zoning Allows for High‑Density Development (Minimum 1 Dwelling per 2,500 SqFt); No Maximum Dwelling Limit Specified by Zoning