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    540 S Nevada St Portland, OR 97219

    Sponsored
    For Sale
    $595,000

    LAND - Portland, OR

    Lot size:
    0.17 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 540 S Nevada St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM1
    APN
    R330285
    Lot size
    0.17 Acres

    EXP REALTY LLC (888) 814-9613 [email protected]

    Listing agent Evan Nelson (888) 814-9613

    Listing date Jan 1, 2026

    MLS# 274208765 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.

    Overview

    Portland Land with Development Potential

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.672977
    Latitude
    45.472728

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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
    (888) 814-9613
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    540 S Nevada St Portland, OR 97219
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    Portland, OR 97219
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    540 S Nevada St Portland, OR 97219
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