Residential Development Site Near
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1442 & 1512 SW 58th Avenue, Portland, OR 97221
RM-1 zoned site suitable for multi-dwelling development near Portland.
Property SizeContact for details
Days on Market184
Property Features for 1442 & 1512 SW 58th Avenue
General Information
Standard status
Active
Property subtype
Land
Zoning
Residential Multi-Dwelling 1 (RM-1)
Listing Agency:
Commercial Integrity, NW
Listed By:
Ben Murphy · License #201208978
Source:
Crexi
Added: Feb 9
Changed: Aug 8
Last Checked: Jul 16 at 11:29AM
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 Commercial Integrity, NW
Investment Insights
Based on property information with market context.
This residential development site comprises two parcels, one of which includes an existing duplex. The site is zoned Residential Multi-Dwelling 1 (RM-1). A proposed site plan suggests the potential for 56 units in addition to the existing duplex. The property benefits from excellent access to Highway 26, placing it minutes from Downtown Portland's Central Business District (CBD). Notably, a new Townhouse/Rowhouse development is located immediately south of the subject site. The surrounding Sylvan-Highlands neighborhood exhibits a sparse suburban feel with a high homeownership rate of 72%. The median home value in the Sylvan-Highlands Neighborhood is approximately $912,900. The location is equidistant to Downtown Portland and the Cedar Hills submarket, near the Highway 217/26 Interchange.
Key Highlights
- RM‑1 zoning allows for multi‑dwelling development.
- Proposed site plan for 56 units plus existing duplex.
- Excellent access to Highway 26 and Downtown Portland CBD.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
Explore this area
Business Placement
Demographics for 97221, OR
12,821
Population
5,593
Households
2.3
Avg Household Size
43
Median Age
78%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
2,914
Density / Sq Mi
$146,017
Median Household Income
$77,610
Median Earnings
$1,658
Median Rent
$789,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - RM-1 zoned site suitable for multi-dwelling development near Portland.
Where is this residential land & home lot located?
The property is located at 1442 & 1512 SW 58th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: RM‑1 zoning allows for multi‑dwelling development.; Proposed site plan for **56 units plus existing duplex**.; Excellent access to Highway 26 and Downtown Portland CBD.
