Incredible multi-family building opportunity! Spacious, level lot is tailor made for investment dreams. Ready to accommodate multiple units, the vacant lot is cleared and complete with water, sewer, power, and gas available. Strategically located near bustling shops, restaurants, schools,and entertainment, making it a developer's dream. Just a few blocks from stunning 600+ acre Powell Butte Nature Park, offering abundant trails and wildlife. The area is perfect for biking enthusiasts and conveniently located on a bus line. Don't miss the chance to seize this multi-family building opportunity and turn this blank canvas into a lucrative investment!
Vacant landProperty Type
0.36 acresLot Size
$626,441Price/Acres
Listed by Brandon Fox• Keller Williams Premier Partners
Buildable lot Located near Powell Butte park. Zoned in R3 multi-dwelling residential zone this lot is big enough for 5-unit building(condo, apartment, townhouse, etc.) or create a small subdivision with possibly 4 detached units. Buyer to do all due diligence with the city.
Public Records
Sep 20, 2016
Sold
$127,500
RMLS #14609563
May 15, 2015
Sold
$135,000
May 1, 2015
Pending
—
Dec 17, 2014
Price Changed
$139,950
Apr 16, 2014
Listed
$99,950
Buildable multi-fam lot with frontage on SE Powell Blvd.
Year
Property tax
Land + Additions
Assessment*
2025
$2,549 (+4.3%)
2024
$2,444 (+4.5%)
2023
$2,340 (+2.5%)
2022
$2,283 (−0.9%)
2021
$2,303 (+12.1%)
2020
$2,054 (+3.9%)
2019
$1,976 (+3.5%)
2018
$1,910 (+3.8%)
2017
$1,840 (+3.7%)
2016
$1,774 (+2.5%)
2015
$1,730 (+1.9%)
2014
$1,697
2010
2009
Tax history for 16625 SE Powell Blvd
Year
Property tax
Land + Additions
Assessment*
2025
$2,549 (+4.3%)
2024
$2,444 (+4.5%)
2023
$2,340 (+2.5%)
2022
$2,283 (−0.9%)
2021
$2,303 (+12.1%)
2020
$2,054 (+3.9%)
2019
$1,976 (+3.5%)
2018
$1,910 (+3.8%)
2017
$1,840 (+3.7%)
2016
$1,774 (+2.5%)
2015
$1,730 (+1.9%)
2014
$1,697
2010
2009
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.36 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Multnomah County
APN
R338444
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 5, 2026.
RM1
Residential Multi-Dwelling 1 Zone
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
Dec 17, 2014 • Final
Early assistance
Addition
ADU
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.