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    7324 NW Penridge Rd Portland, OR 97229

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    For Sale
    $395,000

    Private, treed 1.17-acre lot in a sought-after Portland neighborhood.

    Property Features for 7324 NW Penridge Rd

    General Information

    Standard status
    Active

    Source: ELEETE REAL ESTATE Agent CHRISTOPHER KUEHL

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot in Prestigious Portland

    This private and treed 1.17-acre residential lot is located on a quiet dead-end street in a sought-after Portland neighborhood. The lot offers an opportunity to build a home surrounded by lush greenery, abundant wildlife, and unique architectural homes. Backing up to natural corridors leading to Forest Park, the location blends privacy with direct access to nature. The tranquil setting with no through traffic is situated minutes from the city, offering a location that combines prestige, peace, and Portland’s signature natural beauty.
    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 Building Supply Auto Repair Shop 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
    -122.7537336
    Latitude
    45.5279931

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    FAQs

    What type of property is this?
    Land - Private, treed 1.17-acre lot in a sought-after Portland neighborhood.
    Where is this land located?
    The property is located at 7324 NW Penridge Rd Portland, OR.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - 1.17-acre residential lot in a prestigious Portland neighborhood.; - Backs up to natural corridors leading to Forest Park.; - Private and treed lot on a quiet dead-end street.
    Request Owner's contact information
    7324 NW Penridge Rd Portland, OR 97229
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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
    7324 NW Penridge Rd Portland, OR 97229
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