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About this home
Rare opportunity to build in a convenient SE Portland location adjacent to Cleveland High School. This vacant lot is zoned Residential Multi-Dwelling 2 (RM2) and offers potential for duplex development. Ideally situated near neighborhood amenities, the property is approximately 0.40 miles from Community Music Center, 0.66 miles from Powell Park and Kenilworth Park, 0.69 miles from Ivon Community Garden, and 0.72 miles from Piccolo Park. Enjoy easy access to nearby parks, recreation, and community amenities in an established Portland neighborhood. Bring your vision and explore the possibilities this property offers.
Vacant landProperty Type
2,178 sq ftLot Size
$115Price/Sq.Ft.
Listed by Derek Peterson• Better Homes & Gardens Realty
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Around this home
Schools
K - 12
Preschool & daycare
Grout Elementary School
Public K-5 • Assigned • 0.5mi
9/10
Hosford Middle School
Public 6-8 • Assigned • 0.6mi
8/10
Cleveland High School
Public 9-12 • Assigned • 0.4mi
7/10
Provided by GreatSchools
About
Richmond
Richmond, located between SE Hawthorne Blvd and SE Division St, is a residential and commercial Portland neighborhood with tree-lined blocks and a walkable main-street feel. The neighborhood’s character concentrates around SE Division St near SE 34th Ave, where sidewalk patios, indie boutiques, and small restaurants keep the street lively. Pillars include the Clinton Street Theater, the historic Bagdad Theater & Pub, and the Portland Mercado food-cart pod. Early-20th-century bungalows and Craftsman homes mix with newer infill along calmer side streets. Pocket parks and school grounds break up the grid, while bike routes stitch together errands and evenings out. Mt. Tabor Park sits nearby for wooded trails and skyline views.
Provided by Walk Score and Local Logic
Property details
Exterior
Exterior features
Gentle-sloping terrain
Public road frontage
Paved road surface
Seasonal, territorial, and wooded views
Home design
Land
Multi-family
Utilities
Cable available
Electricity available
Natural gas available
Public sewer
Water available
Sale and tax history for SE Waverleigh Blvd
Sale History
Tax History
Date
Event
Price
RMLS #345584900
Oct 15, 2026
Listed
$249,900
Year
Property tax
Land + Additions
Assessment*
2025
$1,914 (+3.7%)
2024
$1,846 (+4.0%)
2023
$1,775 (+2.2%)
2022
$1,737 (+1.7%)
2021
$1,707
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
2,038 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Multnomah County
APN
R707665
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 31, 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, 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, 21 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97202
Average low and high temperatures (°F)
48
37
50
39
58
44
66
45
72
50
78
55
84
59
85
62
78
57
64
48
53
44
51
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for SE Waverleigh Blvd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $365,000 and $890,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $365K to $890K.