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    5528 SE RHONE Portland, OR 97206

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    For Sale
    $750,000

    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

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    Listing Contact
    SHAYDA ROHANI

    Listing agent SHAYDA ROHANI

    Listing office LOVEJOY REAL ESTATE

    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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.606
    Latitude
    45.4959

    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.
    More about this property
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