Listing Agency: eXp Realty, LLC

Listed By: Evan Nelson · License #201206804 Show Phone

Source: Compass

Added: Oct 1, 2025 Changed: Sep 8 Last Checked: Sep 16 at 8:05PM

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Investment Insights

Based on property information with market context.

This offering features a 7,400 SqFt nearly level lot zoned RM1. The site allows for a minimum of 1 dwelling per 2,500 SqFt of land with no maximum number of dwellings specified, according to Portland zoning specifications. A decommissioned pump house is present on the property. This structure can be preserved and potentially repurposed into some form of commercial use, converted into residential use, or expanded upon. Alternatively, it can be torn down to maximize the building footprint and total unit count. The property is located in Portland, OR.

Key Highlights

• Prime location with RM1 zoning allowing

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Electrical Service Locksmith Carpet & Flooring Store Storage Facility Auto Parts Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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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What type of property is this? Where is this residential land & home lots located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - 7,400 SqFt lot in prime location, RM1 zoning.

Where is this residential land & home lot located?

The property is located at 540 South Nevada Street Portland, OR.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: Prime location with RM1 zoning allowing