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    3120 SE 119Th Ave Portland, OR 97266

    For Sale
    $479,950

    0.33 acre lot in Portland's Powellhurst-Gilbert neighborhood.

    Lot size:
    0.33 Acres

    Property Features for 3120 SE 119Th Ave

    General Information

    Standard status
    Active
    Lot size
    0.33 Acres

    Source: BERKSHIRE HATHAWAY HOMESERVICES NW REAL ESTATE Agent KELLY ASMUS

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

    Overview

    Oversized Lot Infill Opportunity

    This 0.33-acre property presents a prime infill opportunity in Portland’s Powellhurst-Gilbert neighborhood. The flat lot, with dimensions of 100 feet of frontage and 145 feet of depth, is zoned R5 and offers redevelopment potential. The existing ranch home, featuring a full basement with a full bath and kitchenette, is in good condition and can provide rental income during the planning phase. The basement has conversion potential for a Padsplit, duplex, or ADU. Utilities are available on site, and the level ground, combined with the absence of immediate tree or slope constraints, facilitates a straightforward development process. Options include subdividing off a flag lot and adding a duplex while converting the basement to an ADU, subdividing into two large lots for fourplexes, or constructing up to 16 cottage cluster units. The property's strategic location offers convenient access to transit corridors, parks, and shopping, with strong rental demand in the surrounding area. Portland City Council voted to temporarily waive development fees to spur housing from Aug. 15 through Sept. 30, 2028.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -122.5405284
    Latitude
    45.4993992

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    FAQs

    What type of property is this?
    Residential land & home lot - 0.33 acre lot in Portland's Powellhurst-Gilbert neighborhood.
    Where is this residential land & home lot located?
    The property is located at 3120 SE 119Th Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $479,950.
    What are key features of this property?
    This property features: - Oversized 0.33 Acre Lot with R5 Zoning: Ideal for redevelopment.; - Prime Infill Opportunity: Rare flat lot in Portland's Powellhurst-Gilbert neighborhood.; - Existing Ranch Home with Rental Income Potential: Provides immediate income while planning redevelopment.
    (503) 907-2280
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    3120 SE 119Th Ave Portland, OR 97266
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    Portland, OR 97266
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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
    3120 SE 119Th Ave Portland, OR 97266
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