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    7428 N St Louis Ave Portland, OR 97203

    For Sale
    $295,000

    LAND - Portland, OR

    Lot size:
    0.10 Acres
    Days on Market:
    50
    Last Refresh:
    Dec 11 at 3:06 am

    Property Features for 7428 N St Louis Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM2
    APN
    R323732
    Lot size
    0.10 Acres

    Legacy Realty Group (503) 489-0515 [email protected]

    Listing agent Mark Lisac (503) 496-5190

    Listing date Oct 23, 2025

    MLS# 24466986 Listing URL

    Copyright © 2025 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

    Multifamily Lot in St Johns

    This level multifamily lot is situated next to the north side of the Lombard commercial strip in the St Johns neighborhood of Portland. The 0.1-acre property is zoned RM2. Tentative plans have been drawn, offering the option of constructing either a 12-unit studio building or an 8-unit building with a mix of unit sizes, including mostly larger 2-bedroom dwellings. Two newer, successful multifamily buildings are located next door. The project is anticipated to be an easy build.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.75656
    Latitude
    45.59322

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    FAQs

    What type of property is this?
    Residential land & home lot - Level lot near Lombard commercial strip, potential for multifamily development.
    Where is this residential land & home lot located?
    The property is located at 7428 N St Louis Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Level multifamily lot in desirable St Johns location.; - Next to the Lombard commercial strip.; - Option for **12-unit studio or 8-unit mixed-size building**.
    (503) 496-5190
    Request Owner's contact information
    7428 N St Louis Ave Portland, OR 97203
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    Portland, OR 97203
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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
    7428 N St Louis Ave Portland, OR 97203
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