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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

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.
More about this property
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