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About this home
EXCELLENT DEVELOPMENT OPPORTUNITY! Great 0.28 Acres Lot in a good residential area - with great build potential! Zoned RM1: Multi-Dwelling Residential 1; Lower Density Multi-Dwelling Zone; Can build Townhomes, Apartments, Condos, perhaps some detached structures - what ever can be fit inside the building envelope. Recent Survey done and boundaries marked for Developers. Residential area, so sewer, water, gas, and electric should be available for builders, but buyers should do their own due diligence regarding building parameters, available utilities, and improvements that can be made. Fence & Gate in front of property.
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
Property details
Exterior
Finance
Exterior features
Gentle-sloping and level terrain
Flag lot
Native soil
Paved road surface
Home design
Land
Multi-family
Utilities
Utilities are described in the remarks
HOA & community
RM1 zoning
Electricity and solar
View estimated energy costs and solar savings for this home
Zoned R-2 at least 4-6 units,possibly more.Sewer in street.
Year
Property tax
Land + Additions
Assessment*
2025
$1,584 (+3.7%)
2024
$1,527 (+4.0%)
2023
$1,469 (+2.2%)
2022
$1,437 (+1.7%)
2021
$1,413 (+9.0%)
2020
$1,296 (+3.8%)
2019
$1,249 (+3.0%)
2018
$1,212 (+4.3%)
2017
$1,162 (+9.3%)
2016
$1,063 (+2.7%)
2015
$1,035 (+1.6%)
2014
$1,019 (+2.3%)
2013
$996 (+10.5%)
2012
$902
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.28 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Multnomah County
APN
R239383
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on Oct 30, 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
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°
50°
37°
58°
43°
66°
45°
71°
49°
78°
53°
84°
58°
85°
61°
77°
56°
62°
46°
53°
44°
51°
42°
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home ranks in the top 16% for direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for SE 87th Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $380,000 and $538,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $380K to $538K.