A rare opportunity to design and build a custom home in close-in Portland, just one mile southwest of downtown and near OHSU. This lot offers street frontage, a natural ravine setting, and additional buildable area beyond—creating a unique canvas for architecture that responds to the landscape, privacy, and surrounding mature trees.An adjacent vacated street provides added flexibility for access, staging, and site planning—an increasingly valuable advantage for construction in this location.Zoned R5 with a C,z (Constrained Site/Environmental Overlay), the property supports single-family development with an emphasis on environmental sensitivity. The sloped topography lends itself to creative design solutions, including daylight basements, terraced construction, or a home that integrates seamlessly into its natural setting.The opportunity expands with two additional nearby parcels, including a neighboring lot with a dedicated staging area and another contiguous lot (RMLS# 396419600 & 141582666), offering potential for assemblage into a cohesive multi-home project, private compound, or boutique-scale development.Utilities are nearby and public transit is within walking distance, providing convenient access to downtown Portland, OHSU, PSU, and the South Waterfront.Opportunities combining location, natural setting, and development flexibility are increasingly rare. Buyer to complete all due diligence regarding development potential, utilities, and buildability.
Vacant landProperty Type
7,405 sq ftLot Size
$20Price/Sq.Ft.
Listed by Peter Clark• Keller Williams Realty Portland Premiere
Listed by Alexander Clark• Keller Williams Realty Portland Premiere
Homestead, located between the Willamette River and Terwilliger Boulevard, is a residential and hillside Portland neighborhood with river-view slopes and wooded ravines. The neighborhood’s character concentrates around the South Waterfront Greenway and the Portland Aerial Tram landing, where bike paths, riverwalk promenades, and café patios set a steady, urban-outdoors rhythm. Contemporary mid-rises and newer condos line the flats, while winding streets climb into quieter pockets above. The South Waterfront Park blocks read as a linear front porch along the river. Oregon Health & Science University and the Center for Health & Healing anchor daily motion and a campus-like feel. Trails and viewpoints along Marquam Nature Park stitch the terrain together.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Unimproved raw land (no existing structures)
City, territorial and trees/woods views
Heating & cooling
No heating
No cooling
Exterior features
Corner lot with trees
Steep slope terrain
Paved road access
First lot on Condor Street off Barbur Blvd
Home design
Land parcel zoned R5 Cz
Single-family residence designated use (raw land)
Construction
No existing structures
Utilities
Cable available
Natural gas available
Public sewer available
Water available
Other
Parcel number R327887
Lot dimensions approximately 66x160x161x50
Lot size about 0.17 acres (7,405 sq ft)
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Style
Vacant Land
County
Multnomah County
APN
R327887
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Last updated by owner on Jul 16, 2026.
R5
Z
D
C
Residential 5,000 zone
The single-dwelling zones are intended to preserve land for housing and to provide housing opportunities for individual households. The zones implement the comprehensive plan policies and designations for single-dwelling housing and provide options for infill housing that is compatible with the scale of the single-dwelling neighborhood.
Zone overlays
Constrained Sites Overlay Zone
Design Overlay Zone
Environmental Conservation Overlay Zone
Permitted uses
Include but are not limited to:
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
2/10 Heat Factor
7 days above 92° 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 • 97239
Average low and high temperatures (°F)
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75
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61
49
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42
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Sun exposure
68/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
0.9 hr
JuneDecember
Provided by Shadowmap
Redfin Estimate for SW Condor Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $110,000 and $540,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $110K to $540K.