Multi-Family Development
For Sale
$199,900
N Montana Ave, Portland, OR 97217
Land, Portland, OR
Property SizeContact for details
Lot Size0.11 Acres
Days on Market60
Property Features for N Montana Ave
General Information
Property type
Land
Property subtype
Other
Zoning
CM3
Subdivision
OVERLOOK
Elementary school
Beach
Middle school
Ockley Green
High school
Jefferson
Directions
2 lots N of 4615 N Montana Ave / Corner of N Going St & N Montana Ave
Standard status
Active
APN
R210477
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
M PATTONS ADD & 2ND, BLOCK 9, LOT 8 TL 5400
Tax Annual Amount
2007
Legal Description
M PATTONS ADD & 2ND, BLOCK 9, LOT 8 TL 5400
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Added: Jun 22
Changed: Aug 19
Last Checked: Aug 20 at 7:06AM
MLS# 295529707
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 includes two vacant lots with CM3 zoning, positioned at the corner of a dead-end street. The parcels were previously designed for a 14-unit apartment building, providing a development-ready starting point for a multi-family project or other lower-density residential concept. CM3 zoning is noted in the materials as offering flexibility and reduced setbacks, which can support more efficient site planning.
The property is located in Portland, Oregon (97217) in the Overlook area. The remarks cite proximity to N Mississippi Ave, the Vancouver/Williams Corridor, and Legacy Emanuel Medical Center, along with a stated 91 BikeScore for the surrounding area.
For developers, builders, and owner-operators, the key advantage here is the CM3 zoning on two combined vacant corner parcels, along with the fact that a 14-unit apartment layout has been previously contemplated for the site. Whether you plan to revisit that concept or pursue a different lower-density residential approach, this assemblage is structured to support residential development under the CM3 framework described in the listing materials.
The property is located in Portland, Oregon (97217) in the Overlook area. The remarks cite proximity to N Mississippi Ave, the Vancouver/Williams Corridor, and Legacy Emanuel Medical Center, along with a stated 91 BikeScore for the surrounding area.
For developers, builders, and owner-operators, the key advantage here is the CM3 zoning on two combined vacant corner parcels, along with the fact that a 14-unit apartment layout has been previously contemplated for the site. Whether you plan to revisit that concept or pursue a different lower-density residential approach, this assemblage is structured to support residential development under the CM3 framework described in the listing materials.
Key Highlights
- Two vacant lots in the Overlook neighborhood
- CM3 zoning; corner of a dead‑end street
- Previously designed for a 14‑unit apartment building
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,430
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two vacant corner lots zoned CM3 in Portland for potential multi-family or lower-density residential development.
Where is this residential land & home lot located?
The property is located at N Montana Ave Portland, OR.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two vacant lots in the Overlook neighborhood; CM3 zoning; corner of a dead‑end street; Previously designed for a 14‑unit apartment building
