RM2 Zoned Development
For Sale
$1,599,999
3124 SE 20TH, Portland, OR 97202
0.30 acre lot in Southeast Portland's sought-after Hosford Abernethy.
Property Size1,944 SF
Lot Size0.30 Acres
Price / SF$823.04
Days on Market211
Property Features for 3124 SE 20TH
General Information
Standard status
Active
Size
1,944 SF
Lot size
0.30 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$13,715
Listing Agency:
KELLER WILLIAMS REALTY PORTLAND PREMIERE
(503) 597-2444
Listed By:
DARRYL BODLE · License #199910100
Source:
Corcoran
Added: Jan 13
Changed: Aug 8
Last Checked: Jul 15 at 11:09PM
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 KELLER WILLIAMS REALTY PORTLAND PREMIERE
Investment Insights
Based on property information with market context.
Located in the Hosford Abernethy neighborhood, this RM2 zoned development opportunity is situated on a 0.30 acre lot. The primary value lies in the land, which offers size, configuration, and zoning that support redevelopment potential. RM2 zoning allows for medium scale multifamily development. The lot's depth, frontage, and overall scale create flexibility for a range of redevelopment concepts, whether pursued as a single phase or through a staged approach. Existing on the property are two detached homes with utilities, access, and improvements in place, providing optional interim holding income while development plans are finalized. One structure is a 1,944 square foot duplex with two units and basement areas. The second is a 1,682 square foot detached home with basement space, a garage, a shared driveway, and an additional paved off street parking pad. Each home benefits from a fully fenced yard. These improvements may be utilized short term or removed to unlock the site's highest and best use. The surrounding area features a mix of established residences, small scale multifamily, and newer infill projects, reinforcing strong demand drivers for future housing. The property is located six blocks from New Seasons Market and the Clinton Community Garden, with additional proximity to Division Street amenities, neighborhood parks, dining, and services. This property presents an opportunity to control a sizable parcel in a Southeast Portland submarket.
Key Highlights
- Rare 0.30 acre lot in the highly sought‑after Hosford Abernethy neighborhood.
- RM2 zoning allows for medium‑scale multifamily development.
- Significant redevelopment potential due to lot size, configuration, and zoning.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,944
Businesses Nearby
Explore this area
Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 0.30 acre lot in Southeast Portland's sought-after Hosford Abernethy.
Where is this residential land & home lot located?
The property is located at 3124 SE 20TH Portland, OR.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Rare 0.30 acre lot in the highly sought‑after Hosford Abernethy neighborhood.; RM2 zoning allows for medium‑scale multifamily development.; Significant redevelopment potential due to lot size, configuration, and zoning.
