ONLY VIEWING SATURDAY 2PM-3PM Lot 2 – A Rare Opportunity with Room to GrowPart of a unique three-tax-lot offering totaling approximately one acre of future building potential, Lot 2 features a spacious 3-bedroom, 1-bathroom home with 2,002 square feet of living space. LOT 1 MLS 414487719 With its generous size and incredible potential, this property offers endless possibilities for homeowners, investors, or developers alike. Whether you’re looking for additional living space, a rental opportunity, or the chance to be part of a larger development, Lot 2 delivers exceptional value. Purchase this property individually or take advantage of the rare opportunity to acquire all three tax lots for approximately one acre of future potential.
Single-familyProperty Type
1926Year Built
0.37 acresLot Size
$199Price/Sq.Ft.
Listed by Jack Waddle• Keller Williams Realty Portland Elite
Powellhurst-Gilbert, located between SE Powell Blvd and SE Foster Rd, is a residential and commercial Portland neighborhood with broad arterial streets and a patchwork of postwar ranch homes. The neighborhood’s energy concentrates around the SE 122nd Ave and SE Powell Blvd crossroads, where taquerias, international groceries, and practical storefronts set a working-day rhythm. Mid-century houses sit beside newer infill, with long driveways, mature street trees, and small apartment courts. Ed Benedict Park adds ballfields and open lawns that shape daily routines. Leach Botanical Garden brings a quieter, wooded counterpoint along Johnson Creek. The Springwater Corridor Trail threads the edge for bike commutes and weekend loops.
Provided by Walk Score and Local Logic
Market insights
10140 SE Division St · $399,000
DAYS ON MARKET
8 days
The average home goes pending in 14 days.
SALE-TO-LIST
100.6%
Most homes are selling 1% above list price.
LIST PRICE
$399,000
Median sale price in this area is $556,213. (39% higher than this home)
PRICE DROP
0 price drops
30% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Dining room
Family room
Living room
Great room
Bedrooms
Primary bedroom (main level)
Second bedroom
Third bedroom
Bathrooms
1 bathroom (main level)
Kitchen
Kitchen
Laundry & utility
Electric hot water
Heating & cooling
Forced air heating
Central air conditioning
Exterior features
Cedar and wood siding
Home design
Single-family residence
Residential property
Fixer condition
No attached units
No view
Parking
RV parking / RV and boat storage
Construction
Built in 1926
Utilities
Electricity fuel
Public water
Public sewer
HOA & community
Not a senior community
Electricity and solar
View estimated energy costs and solar savings for this home
The RM1 zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale to single-dwelling residential areas, such as the edges of mixed-use centers and civic corridors, and along or near neighborhood corridors. Allowed housing is characterized by one to three story buildings that relate to the patterns of residential neighborhoods, but at a somewhat larger scale and building coverage than allowed in the single-dwelling zones. The major types of new development will be duplexes, triplexes, rowhouses, courtyard housing, small apartment buildings, and other relatively small-scale multi-dwelling and small-lot housing types that are compatible with the characteristics of Portland's residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Nov 6, 2025 • Final
Violation
Bathroom
Demolition
Electrical
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
19 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97266
Average low and high temperatures (°F)
48
36
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37
58
43
66
45
71
49
78
53
84
58
85
61
77
56
63
47
53
44
51
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 18% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.4 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 10140 SE Division St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $411,000 and $601,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $411K to $601K.