Multifamily Development
For Sale
Contact for pricing
1541 Southwest Market Street, Portland, OR 97201
Zoned RM3 lot designed for multifamily development with dimensions suited to flexible site planning.
Property SizeContact for details
Lot Size0.28 Acres
Days on Market70
Property Features for 1541 Southwest Market Street
General Information
Standard status
Active
Lot size
0.28 Acres
Property subtype
Land
Zoning
RM3
Listing Agency:
Knipe Realty ERA Powered
(503) 201-8537
Listed By:
Daniel Silvey · License #OR
Source:
Crexi
Added: Jun 12
Changed: Aug 8
Last Checked: Jul 16 at 9:45AM
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 Knipe Realty ERA Powered
Investment Insights
Based on property information with market context.
This for-sale land parcel is marketed as a multifamily development opportunity and is zoned RM3. The site totals 0.28 acres (approximately 12,000 square feet) with dimensions of 120' by 100', offering a straightforward footprint for planning and layout.
The property is located in Goose Hollow and sits adjacent to Downtown Portland. It is also within close proximity to Portland State University, with walkability and connectivity that can support tenant access to employment, educational, and cultural amenities.
Given the RM3 zoning and the size and regular dimensions of the parcel, this lot may be well suited for developers and investors seeking to pursue a multifamily project footprint. The location context near Downtown Portland and Portland State University may also support demand drivers tied to central access, though any specific buildout approach and regulatory requirements would need to be confirmed through the applicable entitlement and permitting process.
The property is located in Goose Hollow and sits adjacent to Downtown Portland. It is also within close proximity to Portland State University, with walkability and connectivity that can support tenant access to employment, educational, and cultural amenities.
Given the RM3 zoning and the size and regular dimensions of the parcel, this lot may be well suited for developers and investors seeking to pursue a multifamily project footprint. The location context near Downtown Portland and Portland State University may also support demand drivers tied to central access, though any specific buildout approach and regulatory requirements would need to be confirmed through the applicable entitlement and permitting process.
Key Highlights
- Zoned RM3 for multifamily development
- 0.28‑acre lot (12,000 SF) with dimensions of 120' x 100'
- Lot location in Goose Hollow, adjacent to Downtown Portland
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,378
Businesses Nearby
Explore this area
Business Placement
Demographics for 97201, OR
17,352
Population
10,748
Households
1.6
Avg Household Size
34
Median Age
67%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,133
Density / Sq Mi
$67,074
Median Household Income
$48,101
Median Earnings
$1,565
Median Rent
$648,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Zoned RM3 lot designed for multifamily development with dimensions suited to flexible site planning.
Where is this residential land & home lot located?
The property is located at 1541 Southwest Market Street Portland, OR.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Zoned RM3 for multifamily development; 0.28‑acre lot (12,000 SF) with dimensions of 120' x 100'; Lot location in Goose Hollow, adjacent to Downtown Portland
