Price Reduced for Quick Sale!Incredible opportunity on a prime 50' x 100' lot with an existing foundation, ideally located near the highly sought-after Woodstock neighborhood in Portland. This property offers exceptional potential to build your dream home or a high-performing investment in one of Portland’s most desirable communities. Envision creating a custom residence tailored to your lifestyle, all while enjoying the charm, convenience, and vibrant local culture that Woodstock is known for—just moments from your doorstep. Whether you’re a homeowner ready to design your perfect space or an investor looking to capitalize on Portland’s strong housing demand, this lot is the ideal canvas. Added value comes with original permits and plans already in place for a multi-family triplex. The existing basement/foundation also offers the potential for an ADU, opening the door to additional income or flexible living arrangements. Don’t miss this rare chance to secure a build-ready property in a beloved Portland neighborhood with outstanding upside potential.
Mount Scott-Arleta, located between SE Foster Rd and SE Woodstock Blvd, is a residential and commercial Portland neighborhood with a walkable main street feel and pocket parks. The neighborhood’s character concentrates around the SE Foster Rd corridor near SE 72nd Ave, where taquerias, bottle shops, music rooms, and late-night bites line the sidewalks. Early-20th-century bungalows and cottages mix with small apartment courts and newer infill along busier streets. Mt. Scott Park’s open lawns and paths set a green backdrop for daily routines. Community pillars include the historic Mt. Scott Community Center, the Foster Outdoor Public Market, and the Foster-Powell neighborhood library. The terrain rises toward Mt. Scott, giving many blocks a quiet, tucked-away cadence despite the steady Foster Road energy.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
No specific interior features listed
Heating & cooling
No heating
No cooling
Exterior features
Existing structures on the lot
Foundation noted as an other structure
Level land
Public road frontage
Paved road access
Home design
Land parcel zoned R2
Listed as Land (single family residence subtype)
Not waterfront
Current use allowed: Residential / Multi-family
Construction
Parcel identified (Parcel R112331)
Utilities
Cable available
Satellite internet available
Electricity available
Natural gas available
Phone available
Public sewer available
Water available
Financial info
No land lease
2025 tax year information available
Other
Lot dimensions approximately 50 x 100
Lot size about 0.12 acres (5,000 to 6,999 sq ft range)
Electricity and solar
View estimated energy costs and solar savings for this home
The RM2 zone is a medium-scale multi-dwelling zone that is generally applied in and around a variety of centers and corridors that are well-served by transit. Allowed housing is characterized by buildings of up to three or four stories with a higher percentage of building coverage than in the RM1 zone, while still providing opportunities for landscaping and outdoor spaces that integrate with residential neighborhood characteristics. The major types of new housing development will be a diverse range of multi-dwelling structures and other compact housing that contribute to the intended urban scale of centers and corridors, while providing transitions in scale and characteristics to lower-scale residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Jan 21, 2021 • Final
Dangerous building
Demolition
Grading
Feb 12, 2020 • Final
Residential bldg/trade
Demolition
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 • 97206
Average low and high temperatures (°F)
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43
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44
71
49
78
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84
58
85
61
78
56
63
47
53
43
50
41
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Feb
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Sun exposure
81/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 8040 SE Knight St
$168,645
$10K under list price of $179K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $285K to $360K.