Premium A-grade development opportunity in one of Portland's most coveted close-in locations. Perched high above the city in the desirable Southwest Hills, this RM1-zoned parcel is an exceptional canvas for elevated design with the potential to capture sweeping city and river views. Just minutes from downtown Portland, Portland State University, OHSU, the South Park Blocks, performing arts venues, restaurants, parks, and countless urban amenities, the location speaks for itself. Whether your vision is modern condominiums, luxury townhomes, apartments, or a strategic land-bank investment, this property offers outstanding versatility in an irreplaceable setting. This is a rare opportunity for builders, developers, and investors to secure premium development land at an extraordinary value. Buyers to perform their own due diligence regarding zoning, development potential, utilities, and all permitted uses.
Southwest Hills, located between Downtown Portland and Washington Park, is a hillside and residential Portland neighborhood with forested slopes and panoramic city views. The neighborhood’s character concentrates along SW Vista Ave near the Vista Bridge, where winding lanes, trailheads, and quiet overlooks set the tone. Landmark architecture ranges from mid-century view homes to contemporary builds tucked into steep terrain. Council Crest Park frames the skyline from Portland’s highest public point. Hoyt Arboretum and the Marquam Nature Park trail network shape an outdoors-forward daily rhythm. The Oregon Zoo and Portland Japanese Garden add cultural gravity just beyond the ridgeline.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Raw land with territorial and trees/woods views
Heating & cooling
No heating
No cooling
Exterior features
Sloped lot with trees
Road frontage on concrete surface
Territorial and trees/woods views
No existing structures
Corner location at SW Montgomery and SW Montgomery Dr
Home design
Land for single-family residence
Not attached to other properties
Construction
Parcel R669264
Native soil condition
Utilities
Cable available
Electricity available
Natural gas available
Public sewer
Water available
HOA & community
Zoned RM1
Financial info
No land lease
Other
Lot is one of 1
Approximately 0.31 acres (10,000 to 14,999 SqFt range)
Tax legal description: CARTERS ADD TO P, BLOCK 35, LOT 1,2,7&8 TL 4501
Tax year 2025
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.
Zone overlays
Scenic Resource Zone
Environmental Conservation Overlay Zone
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 91° expected this year, 14 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 • 97201
Average low and high temperatures (°F)
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37
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39
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44
64
46
70
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81
59
83
62
76
58
62
49
52
44
50
42
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Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
75/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
2.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for SW Montgomery Dr
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $605,000 and $1,125,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $605K to $1.1M.