For sale

$549,999

Est. $3,758/mo —

Land

•

7,405

sq ft (lot)

540 S Nevada St, Portland, OR 97219

About this home

Opportunity knocks! Take advantage of this rare offering, a 7,400 SqFt nearly level lot, zoned RM1, in an absolutely prime location! Based on Portland zoning specs, this site allows for a MINIMUM of 1 dwelling per 2,500 SqFt of land with no maximum number of dwellings specified. The current decommissioned pump house can be preserved and potentially repurposed into some form of commercial use, converted into residential use & expanded onto, or torn down to build completely new and maximize the building footprint and total unit count. Buyer to do due diligence. Seller may consider owner carried financing for a limited term if needed, either until construction financing funds, or permits are fully approved.

Vacant landProperty Type

7,405 sq ftLot Size

$74Price/Sq.Ft.

Listed by Evan Nelson • eXp Realty, LLC

Contact: 310-422-6044

Listing updated: Oct 6, 2026 at 12:19am

Redfin checked: a minute ago

•Source:RMLS #274208765

Redfin agents who toured

Super unique opportunity.
1 year ago• May not reflect the current state of the home
Kurt Dahlke
Redfin Associate agent

Payment calculator

$3,758 per month

Principal and interest$3,114

Property taxes

$548

HOA dues

Home insurance

$96

Utilities

Add

Affordability tools

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Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN WED, 3PM TO 6PM
$649,000
3 beds1 bath1,120 sq ft
9745 SW Inglewood Ct, Portland, OR 97225
OPEN FRI, 3:30PM TO 6PM3D WALKTHROUGH
$399,900
2 beds2 baths1,450 sq ft
13240 SW Raptor Pl, Tigard, OR 97223
Sarah Malarkey • NextHome Realty Connection
REDFIN OPEN SAT, 11AM TO 1PM3D & VIDEO TOUR
$729,900
4 beds3 baths2,472 sq ft
18200 SW Pheasant Ln, Beaverton, OR 97003
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REDFIN OPEN SAT, 11AM TO 1PM3D WALKTHROUGH
$360,000
2 beds1 bath896 sq ft
2953 SE Hawthorne Blvd, Portland, OR 97214
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REDFIN OPEN SAT, 11AM TO 1PM3D WALKTHROUGH
$650,000
6 beds3 baths3,008 sq ft
11570 SE Verns Way, Happy Valley, OR 97086
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OPEN SAT, 12PM TO 2PM
$399,000
2 beds2 baths1,304 sq ft
15633 NE Summerplace Dr, Portland, OR 97230
OPEN SAT, 12PM TO 2PM
$269,500
2 beds2 baths966 sq ft
14512 SW Grayling Ln, Beaverton, OR 97007
Elizabeth Ramos • Keller Williams Sunset Corridor
REDFIN OPEN SAT, 1PM TO 3PM3D WALKTHROUGH
$650,000
3 beds3 baths2,394 sq ft
12550 SW Moorhen Way, Beaverton, OR 97007
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REDFIN OPEN SAT, 3PM TO 5PM3D & VIDEO TOUR
$470,000
3 beds3 baths1,624 sq ft
10573 NE Summer Falls St, Hillsboro, OR 97006
Redfin
REDFIN OPEN SUN, 11AM TO 1PM3D WALKTHROUGH
$675,000
3 beds2 baths1,968 sq ft
11255 SW Timberline Dr, Beaverton, OR 97008
Redfin

Around this home

Schools

K - 12
Preschool & daycare

Capitol Hill Elementary School

Public K-5 • Assigned • 1.3mi

9/10

Jackson Middle School

Public 6-8 • Assigned • 2.5mi

8/10

Ida B. Wells-Barnett High School

Public 9-12 • Assigned • 0.9mi

8/10

Provided by GreatSchools

About John's

Landing

John's Landing, located between South Waterfront and Multnomah Village, is a river-adjacent and residential Portland neighborhood with marina views and a tucked-away, campus-like street grid. The neighborhood’s character concentrates along SW Macadam Avenue near the John’s Landing retail cluster, where low-slung storefronts, patios, and service shops line the corridor. Architectural cues lean mid-century apartments, townhomes, and contemporary infill set against wooded slopes and the Willamette’s working shoreline. The river path and pocket docks shape a daily rhythm of walks, rowing shells, and passing freight. Local pillars include Elephant’s Delicatessen, the John’s Landing Yacht Club, and Willamette Park’s riverfront lawns. A calm, polished feel comes from greenery, water, and the steady hum of Macadam traffic.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
No view reported

Heating & cooling
No heating
No cooling

Sale and tax history for 540 S Nevada St

Sale History
Tax History

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

7,400 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

1,954

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,954

Year built

1920

Style

Other

County

Multnomah County

APN

R330285

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

Climate risks

5/10 Flood Factor

Estimated 19-29% chance 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, 20 days in 30 years

Provided by First Street

Historical weather

Portland, OR • 97219

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 540 S Nevada St

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $549,000 and $1,200,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $549K to $1.2M.

SOLD SEP 11, 2026
$565,000 Last sold price
2 beds2 baths2,036 sq ft
3712 SE 8th Ave, Portland, OR 97202
smaller lot
finished basement
SOLD MAY 22, 2026
$605,700 Last sold price
3 beds1 bath2,332 sq ft
6108 SE Milwaukie Ave, Portland, OR 97202
smaller lot
finished basement
SOLD AUG 17, 2026
$720,000 Last sold price
4 beds4 baths2,622 sq ft
7505 SE 18th Ave, Portland, OR 97202
smaller lot
basement
SOLD APR 20, 2026
$549,000 Last sold price
3 beds4 baths1,453 sq ft
1603 SE Glenwood St, Portland, OR 97202
smaller lot
SOLD MAY 15, 2026
$775,000 Last sold price
3 beds2 baths2,037 sq ft
1541 SE Malden St, Portland, OR 97202
basement
SOLD SEP 8, 2026
$1,200,000 Last sold price
4 beds5 baths3,504 sq ft
207 S Nebraska St, Portland, OR 97239
smaller lot

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Early Access listings

Contact for price

4 beds3 baths2,089 sq ft

436 Lincoln St, Eugene, OR 97401

EARLY ACCESSREDFIN COMING SOON

$765,000

4 beds3 baths2,950 sq ft

5878 Verona St S, Salem, OR 97306

EARLY ACCESSREDFIN COMING SOON

$580,000

3 beds2 baths1,698 sq ft

7 Grand View Dr, Lyle, WA 98635

EARLY ACCESSREDFIN COMING SOON

$1,000,000

4 beds3.5 baths3,136 sq ft

1634 SE Spokane St, Portland, OR 97202

EARLY ACCESSREDFIN OPEN SAT, 11AM TO 1PM

$515,000

3 beds2 baths1,616 sq ft

4406 SE View Acres Rd, Milwaukie, OR 97267

EARLY ACCESSREDFIN OPEN OCT 17, 11AM TO 1PM

$595,000

4 beds1.5 baths2,140 sq ft

4806 N Gantenbein Ave, Portland, OR 97217

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Land— sq ft

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$295,000

Land— sq ft

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Lisa Mehlhoff • Real Broker

$749,000

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Dustin Miller • Kelly Right Real Estate of Portland, LLC

$75,000

Land— sq ft

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Alexander Clark • Keller Williams Realty Portland Premiere

$295,000

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Jim McCartan • Cascade Hasson Sotheby's International Realty

OPEN SUN, 1PM TO 3PMVIDEO TOUR

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2 beds3 baths959 sq ft

7581 SW Capitol Hwy, Portland, OR 97219

Darryl Bodle • Keller Williams Realty Portland Premiere

New listings for sale in 97219

NEW 2 HRS AGO

$300,000

1 bed1 bath832 sq ft

9052 SW 26th Ave, Portland, OR 97219

Joe Reitzug • Cascade Hasson Sotheby's International Realty

NEW 29 HRS AGO

$2,850,000

6 beds7 baths7,100 sq ft

1261 SW Underhill Rd, Portland, OR 97219

Bill Futrell • Windermere Realty Trust

$725,000

4 beds3 baths3,289 sq ft

8020 SW Ruby Ter, Portland, OR 97219

Alexander Baune • eXp Realty, LLC

3D WALKTHROUGH

$515,000

3 beds3 baths1,594 sq ft

2520 SW Miles St, Portland, OR 97219

Sarah Kirsch • Where, Inc

$524,000

3 beds3 baths1,928 sq ft

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Megan Banta • Opt

3D & VIDEO TOUR

$1,990,000

5 beds6 baths4,484 sq ft

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Kristen Kohnstamm • Cascade Hasson Sotheby's International Realty

OPEN SUN, 1PM TO 3PM3D WALKTHROUGH

$825,000

3 beds4 baths3,801 sq ft

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Bradley Wulf • Keller Williams Realty Professionals

EARLY ACCESSREDFIN COMING SOON

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$659,900

2 beds3 baths1,490 sq ft

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Michael Palinsky • Reside Realty Group

Details provided by RMLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin agents who toured

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Property details

Sale and tax history for 540 S Nevada St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 540 S Nevada St

Early Access listings

Nearby similar homes

New listings for sale in 97219

More real estate resources