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About this home
Rare find level corner lot in Centennial School District. High-demanded area for multi-family Development opportunity. Property locates next to public transit and close proximity to the city of Gresham. RM2 zoning allows uses for medium-density and affordable housing with 3-4 story buildings and the maximum height of up to 45 feet per city of Portland zoning code. Buyer to perform all due diligence regarding density, set backs and dedications, utilities availabilities and all other requirements in regards of their own desired development potential. Seller also has a 11 units ( 3 triplexes and 1 duplex ) preliminary site plan. Call for infos if needed.
Centennial, located between I-205 and SE 162nd Ave, is a residential and commercial Portland neighborhood with wide arterial streets and pocket parks. The neighborhood’s energy concentrates around SE Division St and SE 162nd Ave, where taquerias, international groceries, and small storefront services line the sidewalks. Parkrose Hardware stands out as a long-running local anchor for tools, garden supplies, and practical know-how. The Zenger Farm campus adds a working-farm landscape and seasonal community programming. Housing skews toward mid-century ranches and newer infill, with larger lots appearing on quieter side streets. Ed Benedict Park and the Springwater Corridor shape daily routines with fields, trails, and open sky.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
No view
Heating & cooling
No heating
No cooling
Exterior features
Level land
Cleared lot
Corner lot
Paved road access
No existing structures
No other structures
Home design
Land property for multifamily use
Not attached
Construction
Parcel R338366
Utilities
Electricity available
Public sewer
Water available
HOA & community
Zoned RM2
Financial info
Tax year 2025
Other
Approximately 0.39 acre (about 15,000 to 19,999 sq ft)
Directions: SWC/ SE 170th & SE Division St, SE 170th and DIVISION ST, Portland, OR 97236
Electricity and solar
View estimated energy costs and solar savings for this home
Excellent Mutli-family Development opportunity. R1 zoning - allowed uses include condominiums, apartments, duplexes, townhouses, and rowhouses. Close proximity to Gresham. Located in the award winning Centennial School District. Located on the bus-line and close proximity to shopping and parks.
Public Records
Oct 8, 2012
Sold
$70,000
Public Records
Mar 2, 1993
Sold
$43,000
Public Records
Jul 1, 1991
Sold
$33,500
Year
Property tax
Land + Additions
Assessment*
2025
$2,000 (+4.3%)
2024
$1,918 (+4.5%)
2023
$1,836 (+2.5%)
2022
$1,791 (−0.9%)
2021
$1,807 (+12.1%)
2020
$1,611 (+3.9%)
2019
$1,551 (+3.5%)
2018
$1,499 (+3.8%)
2017
$1,444 (+3.8%)
2016
$1,392 (+2.6%)
2015
$1,357 (+1.9%)
2014
$1,332 (+2.3%)
2013
$1,303 (+5.3%)
2012
$1,237 (+0.1%)
2011
$1,236 (+0.6%)
2010
$1,228 (+4.0%)
2009
$1,181
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.39 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Multnomah County
APN
R338366
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on Jul 15, 2026.
RM2
Residential Multi-Dwelling 2 zone
The RM2 zone is a medium-scale multi-dwelling zone that is generally applied in and around a variety of centers and corridors that are well-served by transit. Allowed housing is characterized by buildings of up to three or four stories with a higher percentage of building coverage than in the RM1 zone, while still providing opportunities for landscaping and outdoor spaces that integrate with residential neighborhood characteristics. The major types of new housing development will be a diverse range of multi-dwelling structures and other compact housing that contribute to the intended urban scale of centers and corridors, while providing transitions in scale and characteristics to lower-scale 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
23 unhealthy days expected this year, 27 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97236
Average low and high temperatures (°F)
46
37
49
38
56
43
64
45
70
50
76
54
83
57
82
60
76
57
63
48
52
44
50
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for SE 170th And Division St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $397,000 and $450,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $397K to $450K.