Residential Development Land with Pump
For Sale
$549,999
540 S NEVADA St, Portland, OR 97219
LAND - Portland, OR
Property SizeContact for details
Lot Size0.17 Acres
Days on Market309
Property Features for 540 S NEVADA St
General Information
Property type
Land
Property subtype
Other
Zoning
RM1
Elementary school
Capitol Hill
Middle school
Jackson
High school
Ida B Wells
Directions
S Macadam & Nevada
Subdivision
_148
Standard status
Active
APN
R330285
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
SECTION 22 1S 1E, TL 9600 0.17 ACRES
Tax Annual Amount
6574
Legal Description
SECTION 22 1S 1E, TL 9600 0.17 ACRES
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Evan Nelson · License #201206804
(310) 422-6044
Added: Oct 1, 2025
Changed: Jul 14
Last Checked: Aug 5 at 3:06PM
MLS# 274208765
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is a nearly level residential development lot zoned RM1. The property includes a decommissioned pump house that may be preserved and potentially repurposed for some form of commercial use, converted into residential use and expanded on, or removed to support a new build and maximize the overall footprint and unit count. Buyer should complete due diligence regarding feasibility and permitting.
Per Portland zoning specifications provided, the site allows for a minimum of 1 dwelling per 2,500 square feet of land, with no maximum number of dwellings specified. Prospective buyers should review zoning compliance and applicable development requirements.
Seller may consider owner-carried financing for a limited term if needed, potentially until construction financing funds are available or until permits are fully approved, subject to buyer qualification and terms.
Per Portland zoning specifications provided, the site allows for a minimum of 1 dwelling per 2,500 square feet of land, with no maximum number of dwellings specified. Prospective buyers should review zoning compliance and applicable development requirements.
Seller may consider owner-carried financing for a limited term if needed, potentially until construction financing funds are available or until permits are fully approved, subject to buyer qualification and terms.
Key Highlights
- Large 7,400 SqFt Nearly Level Lot in Prime Location
- RM1 Zoning Allows for High‑Density Development (Minimum 1 Dwelling per 2,500 SqFt)
- No Maximum Dwelling Limit Specified by Zoning
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 97219, OR
42,474
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,630
Density / Sq Mi
$115,525
Median Household Income
$59,178
Median Earnings
$1,603
Median Rent
$651,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Nearly level RM1 lot includes a decommissioned pump house and supports multiple dwellings under Portland zoning standards.
Where is this residential land & home lot located?
The property is located at 540 S NEVADA St Portland, OR.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Large 7,400 SqFt Nearly Level Lot in Prime Location; RM1 Zoning Allows for High‑Density Development (Minimum 1 Dwelling per 2,500 SqFt); No Maximum Dwelling Limit Specified by Zoning
