Unlock the potential of this exceptional .38-acre vacant lot perched in one of the most scenic locations in the Pacific Northwest. With unobstructed panoramic views of Mt. Hood, Mt. St. Helens, the Columbia River, and surrounding natural beauty, this is a once-in-a-lifetime opportunity to create a custom home in a truly awe-inspiring setting. Lot located next to 3032 NE Rocky Butte Road.
Madison South, located between NE 42nd Avenue and NE 60th Avenue, is a residential and commercial Portland neighborhood with a grid of tree-lined streets and a steady rhythm of corner storefronts. The neighborhood’s character concentrates along NE 42nd Avenue near NE Killingsworth Street, where cafes, small restaurants, and everyday shops keep sidewalks active. Classic Portland bungalows and mid-century houses sit behind low fences and mature street trees. Fernhill Park sets a broad, open backdrop for walks, pickup games, and community gatherings. The Alberta Arts District edges the south side with galleries and independent dining. Transit lines along NE Killingsworth and NE 42nd tie the area to the rest of the city.
Provided by Walk Score and Local Logic
Property details
Exterior
Finance
Exterior features
Sloped and steep-slope terrain
Mountain and territorial views
Public road frontage
Paved road surface
Home design
Land
Utilities
No utilities
HOA & community
Olympus Estate Rocky Butte HOA
Annual association fee of $25
Electricity and solar
View estimated energy costs and solar savings for this home
Whether it's the SW views, the gently winding road (complete w/ tunnel!) or the lovely surrounding homes - the potential and wonderful features of this lot are all here and ready to be utilized. Stroll up to Rocky Butte Park with 360-degree view of mountains, Portland skyline & Columbia River. With its driveway already in place & full suite of street utilities available, the engine to your dream home is already revving! Check out the video tour, call your favorite builder & let your ideas start flowing! Buyer due diligence.
RMLS #568066935
May 26, 2026
Relisted
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May 20, 2026
Pending
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Jan 20, 2026
Relisted
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Nov 4, 2025
Relisted
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May 2, 2025
Listed
$100,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
13.27 Acres
Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Vacant Land
County
Multnomah County
APN
R319158
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Oct 10, 2026.
OS
C
P
H
Open Space Zone
The Open Space zone is intended to preserve and enhance public and private open, natural, and improved park and recreational areas identified in the Comprehensive Plan. These areas serve many functions including: Providing opportunities for outdoor recreation; Providing contrasts to the built environment; Preserving scenic qualities; Protecting sensitive or fragile environmental areas; Enhancing and protecting the values and functions of trees and the urban forest; Preserving the capacity and water quality of the stormwater drainage system; and Providing pedestrian and bicycle transportation connections.
Zone overlays
Environmental Conservation Overlay Zone
Environmental Protection Overlay zone
Aircraft Landing Zone
Permitted uses
Include but are not limited to:
No uses permitted by right
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
2/10 Heat Factor
4 days above 91° expected this year, 9 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 • 97220
Average low and high temperatures (°F)
48
37
50
38
58
44
65
46
71
51
77
56
82
60
83
62
76
58
64
49
53
45
51
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
79/ 100
Good sunlight
Sunscore
This home receives average direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for NE Rocky Butte Rd
$45,648
$4,352 under list price of $50K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $33K to $400K.