5528 SE RHONE Portland, OR 97206
Cleared site with permit-ready condo project in Portland's Foster-Powell.
- Added:
- May 7, 2025
- Days on Market:
- 360
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 5528 SE RHONE
General Information
- Standard status
- Active
Listing agent SHAYDA ROHANI
Listing office LOVEJOY REAL ESTATE (503) 481-4601
Listing date May 7, 2025
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of LOVEJOY REAL ESTATE
Overview
Development Opportunity in Foster-Powell
This cleared and prepped site presents a development opportunity in Portland’s Foster-Powell neighborhood. The property offers flexibility for various development options. Current plans include a nearly permit-ready condo project featuring six units. Each condo is designed to be approximately 1,800 square feet, with three bedrooms and two and a half bathrooms. Optional rooftop decks are included in the design to capture views of Portland. Architectural plans and engineering are included with the purchase. Building permits are potentially ready for issuance in as little as 60 days. Right-of-way improvements are 90% approved. A demolition permit for the existing structures has been fully paid and approved. Lead and asbestos abatement has been completed and certified with close-out letters. Both underground oil tanks have been professionally removed and cleared through DEQ. The site is suited for building new condos or pivoting to another multi-unit concept.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.606
- Latitude
- 45.4959
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Cleared site with permit-ready condo project in Portland's Foster-Powell.
Where is this commercial land located?
The property is located at 5528 SE RHONE Portland, OR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Permit‑ready condo project with architectural plans and engineering included, potentially issuing building permits in 60 days.; Cleared and prepped site ready for development, offering flexibility for various multi‑unit concepts.; Includes plans for six approximately 1,800 square foot condos, each with three bedrooms, two and a half bathrooms, and optional rooftop decks.
