Prime 1.89-Acre Development Site in Portland – Zoned Corridor Multi-Family (CMF)Located at 1104 NE 181st Ave in Portland, Oregon, this spacious 1.89-acre parcel offers an exceptional development opportunity in a rapidly growing area. Zoned Corridor Multi-Family (CMF), this lot is ideally suited for multi-family residential projects, offering the potential for high-density housing in a highly accessible location.The property enjoys excellent connectivity with major roads, including Interstate 84 and NE Halsey St, providing easy access to downtown Portland and the surrounding metro area. With a strong mix of residential and commercial properties in the area, this location offers both convenience and the potential for strong demand in multi-family housing development.The generous size of the lot allows for flexible planning, with ample space to design and develop a variety of multi-family units, while still benefiting from Portland's growing need for housing. Local amenities, including parks, schools, shopping centers, and public transit, are just minutes away, enhancing the attractiveness for future residents.
Vacant landProperty Type
1.89 acresLot Size
$780,423Price/Acres
Listed by Nicholas Diamond• Real Estate Investment Group
North Gresham, located between NE Glisan Street and SE Stark Street, is a residential and commercial Gresham neighborhood with broad arterial corridors and pocket parks. The neighborhood’s energy concentrates around the NE 181st Avenue and NE Glisan Street crossroads, where storefront plazas, international groceries, and everyday services line the sidewalks. Mt. Hood Community College’s Maywood Park campus adds a steady academic pulse nearby. The Gresham History Museum and the Center for the Arts Foundation connect the area to local storytelling and performance. Housing trends toward mid-century ranches, split-levels, and newer townhome clusters, set along wide streets and cul-de-sacs. Nadaka Nature Park and the Springwater Corridor shape an outdoors-forward routine with wooded trails and bike commuting.
Provided by Walk Score and Local Logic
Market insights
$1,475,000
DAYS ON MARKET
355 days
The average home goes pending in 14 days.
SALE-TO-LIST
100.6%
Most homes are selling 1% above list price.
LIST PRICE
$1,475,000
Median sale price in this area is $556,213. (62% lower than this home)
PRICE DROP
0 price drops
30% of homes in this area have had a price drop in the past month.
Directions: From I-84, take the NE 181st Exit ad head south
Unparsed Address: 1104 NE 181ST AVE, Portland, OR 97230
Community Information
Zoning: CMF
Public facts
Beds: 3
Baths: 1.0
Finished Sq. Ft.: 1,300
Unfinished Sq. Ft.: —
Total Sq. Ft.: 1,300
Stories: 1.0
Lot Size: 1.89 acres
Style: Single Family Residential
Year Built: 1968
Year Renovated: 1968
County: Multnomah County
APN: R321644
Home facts updated by county records on Jul 15, 2026
Other
Listing Information
MlsStatus: Pending
Listing Price Information
Price Type: List Price
Sale and tax history for MLS #: 24590249
Sale History
Tax History
Date
Event
Price
RMLS #24590249
Nov 12, 2025
Pending
—
Nov 22, 2024
Listed
$1,475,000
Year
Property tax
Land + Additions
Assessment*
2025
$9,727 (+5.7%)
2024
$9,204 (+10.5%)
2023
$8,328 (+2.5%)
2022
$8,123 (+2.5%)
2021
$7,922 (+6.9%)
2020
$7,411 (+4.3%)
2019
$7,104 (+1.0%)
2018
$7,033 (+3.3%)
2017
$6,805 (+4.6%)
2016
$6,509 (+3.0%)
2015
$6,321 (+9.6%)
2014
$5,768 (+16.0%)
2013
$4,970 (+8.2%)
2012
$4,595 (−10.6%)
2011
$5,142 (−13.4%)
2010
$5,937 (+2.7%)
2009
$5,783
Public record
Public record
Zoning
Permits
Beds
3
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
1.89 Acres
Year renovated
1968
Finished Sq. Ft.
1,300
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,300
Year built
1968
Style
Single Family Residential
County
Multnomah County
APN
R321644
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
CMF
Corridor Multi-Family District
This district designation is applied to properties along segments of Transit Streets. The CMF district primarily provides opportunities for moderate-density residential development, including multifamily and middle housing. It also allows single detached dwellings along the NE Glisan and NE 162nd Avenue corridors. To help create a pleasant pedestrian environment, most new residential buildings will be oriented to public sidewalks, with parking lots behind or beside buildings. Standards will require that the scale of new housing diminish as buildings approach abutting lower density residential districts.
Permitted uses
Include but are not limited to:
Housing-Multiple units
Housing-Other
Infrastructure-Other
Jun 21, 2022 • Final
Right-of-way licensed utility, general
Install a new utility pole.
Grading
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.
Local insights from Redfin agents
If you are looking for extra square footage, bigger yards, and fast access to the Columbia River Gorge without inner-Portland price tags, Gresham is one of the smartest buys in the metro area. With median single-family prices holding in the...
$450,000–$480,000 range, buyers usually get a great deal