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    Levy Code 001 Portland, OR 97221

    For Sale
    $75,000

    LAND - Portland, OR

    Lot size:
    1.40 Acres
    Days on Market:
    89
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for Levy Code 001

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R20
    APN
    R327290
    Lot size
    1.40 Acres

    Windermere Community Realty (503) 249-1706 [email protected]

    Listing agent Gary Griggs (503) 249-1706

    Listing date Sep 9, 2025

    MLS# 318996685 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

    Portland Land with Development Potential

    This 1.4-acre lot, zoned R20, presents a potential development opportunity. The lot is 60,000 square feet and is located behind the property at 4940 SW Hewett, which sits on 1 acre. The two tax lots were previously under single ownership but are now separately owned. An easement of record allows access to the lot for sale by crossing the property at 4940 SW Hewett. An incomplete road exists on the opposite side of the property, stopping a few lots short. It is undetermined if the road will be extended. Due diligence is recommended by the buyer. The seller is an estate, and the personal representative has no knowledge of future development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.72672
    Latitude
    45.501234

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    FAQs

    What type of property is this?
    Land - Large 1.4 acre lot with R20 zoning in Portland.
    Where is this land located?
    The property is located at Levy Code 001 Portland, OR.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - Large 1.4 acre (60,000 sq ft) lot size for the area.; - Potential flag lot offering privacy.; - Zoning code is R20.
    (503) 249-1706
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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

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    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
    Levy Code 001 Portland, OR 97221
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