3535 SW BUDDINGTON St, Portland, OR 97219

This property offers a rare opportunity to acquire a versatile development property that includes an existing home and substantial additional land. The current residence is a fixer, presenting possibilities for renovation, replacement with a new home, or full redevelopment. Preliminary due diligence regarding the property's development potential has been completed by the seller. The offering consists of four tax lots totaling 16 pre-platted 25'x100' lots, with a combined area of approximately 40,000 sq.ft. Portions of the property are impacted by an environmental overlay. According to PBOT, no street improvements are required, although system development charges (SDC's) and LTIC fees will apply. The existing residence is situated across four lots, while one adjacent tax lot includes a 30'x40' partially cement-floored garage/workshop with existing electrical service. Potential development opportunities may include a private estate style property or traditional single-family homes construction. The property is zoned R-7. The total lot size is 0.91 acres. In addition, the seller owns four neighboring tax lots currently considered unbuildable, which may be available for separate purchase to provide added wooded privacy, expanded buffer space, or future flexibility. This property presents exceptional versatility and upside potential for builders, investors, and buyers seeking to create a custom vision.