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    2235 Nw Pettygrove St Portland, OR 97210

    For Sale
    $1,499,000

    Permit-ready site approved for 30 residential units.

    Property size:
    5,000 SF
    Lot size:
    5.00 Acres

    Property Features for 2235 Nw Pettygrove St

    General Information

    Size
    5,000 SF
    Lot size
    5.00 Acres

    Source: Alex Cordier Agent Alex Cordier

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

    Overview

    Nob Hill Development Opportunity

    This permit-ready site, approved for 30 residential units, offers a streamlined path to construction in a prime urban location. Drawings are provided by Scott | Edwards Architecture. Located in the Nob Hill district, the property represents the last raw land site in the area. The surrounding neighborhood blends historic charm with modern vibrancy, featuring tree-lined streets, vintage storefronts, and classic brick architecture. The location offers walkable convenience to restaurants, boutiques, and transit. The area is popular with young professionals, empty nesters, and urban lifestyle seekers. The property is zoned and approved for up to 30 units, with no parking required. A 10-year tax exemption is available for property tax on all improvements. The maximum height is 65 feet, with a base FAR of 2:1 (4:1 with bonuses). Seller financing options are available. The property size is 5000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply 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
    -122.6974946
    Latitude
    45.5328825

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    FAQs

    What type of property is this?
    Land - Permit-ready site approved for 30 residential units.
    Where is this land located?
    The property is located at 2235 Nw Pettygrove St Portland, OR.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Permit-ready site approved for 30 residential units, streamlining construction.; - Last raw land site in the iconic Nob Hill district.; - Enjoy a 10-year property tax exemption on all improvements.
    (503) 915-6019
    Request Owner's contact information
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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
    2235 Nw Pettygrove St Portland, OR 97210
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