Multifamily Development Land
For Sale
$295,000
7428 N St Louis Ave, Portland, OR 97203
LAND - Portland, OR
Property SizeContact for details
Lot Size0.10 Acres
Days on Market922
Property Features for 7428 N St Louis Ave
General Information
Property type
Land
Property subtype
Other
Zoning
RM2
Elementary school
James John
Middle school
George
High school
Roosevelt
Directions
N Lombard to N St Louis Ave
Subdivision
_141
Standard status
Active
APN
R323732
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
SECTION 01 1N 1W, TL 12600 0.10 ACRES
Tax Annual Amount
978
Legal Description
SECTION 01 1N 1W, TL 12600 0.10 ACRES
Listing Agency:
Legacy Realty Group
(503) 496-5190
Listed By:
Mark Lisac
(503) 970-7223
Added: Jan 26, 2024
Changed: Jul 29
Last Checked: Aug 5 at 5:06PM
MLS# 24466986
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 is a level multifamily development lot zoned RM2, sized at 0.1 acres. Tentative plans are drawn with an option to build either a 12-unit studio building or an 8-unit building with a mix of unit sizes, including mostly larger two-bedroom dwellings.
The property is located next to the north side of the Lombard commercial strip in St Johns, with two newer successful multifamily buildings next door.
For development purposes, the current materials show a straightforward residential plan focused on multifamily use within the RM2 zoning framework.
The property is located next to the north side of the Lombard commercial strip in St Johns, with two newer successful multifamily buildings next door.
For development purposes, the current materials show a straightforward residential plan focused on multifamily use within the RM2 zoning framework.
Key Highlights
- Level multifamily lot next to the north side of the Lombard commercial strip in St Johns
- Located next to two newer successful multifamily buildings
- Tentative plans include either a 12‑unit studio building or an 8‑unit building with a unit mix
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
Explore this area
Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Level RM2 zoned lot sized at 0.1 acres with tentative plans for a 12-studio or 8-unit multifamily building.
Where is this residential land & home lot located?
The property is located at 7428 N St Louis Ave Portland, OR.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Level multifamily lot next to the north side of the Lombard commercial strip in St Johns; Located next to two newer successful multifamily buildings; Tentative plans include either a 12‑unit studio building or an 8‑unit building with a unit mix
