2408 SE 139th Ave

Portland, OR 97233

$249,900
Price
15,681 / 0.36
Lot Size / Acres

Description

Prime RM1 Development Site – Outstanding opportunity to develop a vacant, build-ready parcel in an amazing, high-demand location. The property is zoned RM1 and offers a major head start with approximately $20,000 in permit intake fees already paid. The City has approved a 9-unit townhouse-style condominium project, currently designed with spacious 4-bedroom, 3.5-bath layouts—ideal for today’s buyer or rental market. There is flexibility to reconfigure to smaller units, with the option to pursue a...Prime RM1 Development Site – Outstanding opportunity to develop a vacant, build-ready parcel in an amazing, high-demand location. The property is zoned RM1 and offers a major head start with approximately $20,000 in permit intake fees already paid. The City has approved a 9-unit townhouse-style condominium project, currently designed with spacious 4-bedroom, 3.5-bath layouts—ideal for today’s buyer or rental market. There is flexibility to reconfigure to smaller units, with the option to pursue a Type 3 development for increased density, subject to additional City approval. An excellent opportunity for builders and developers seeking a well-located multifamily site with approvals in place, reduced pre-development costs, and upside potential through alternative unit configurations.
  1. Listed by Mary Nguyen • Cascade Hasson Sotheby's International Realty

Property Details for 2408 Southeast 139th Avenue

Zoning
RM1
View
Trees Woods
LISTING UPDATED: 02/10/2026 03:39 AM

Property Details for 2408 Southeast 139th Avenue

StatusActive
MLS #231612732
Days on MarketListed Today
Taxes$1,499 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Multi Family
Year Built-
Lot Size0.36 AC
CountyMultnomah County

Location

Listing Courtesy of Cascade Hasson Sotheby's International Realty
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Building Information for 2408 Southeast 139th Avenue

Building Size-Lot Size0.36 AC

Payment Calculator

$1,343 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,218

Property Taxes

$125

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2408 Southeast 139th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: Use GPS
  • Road Surface: Paved
School Information
  • Elementary School: Lincoln Park
  • High School: David Douglas
  • Middle Or Junior School: Ron Russell
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $1,498.95
  • Parcel Number: R183888
  • Tax Legal Description: HOOD ACRES & PLAT 2 & 3, BLOCK 10, LOT 15 EXC NLY 53' OF WLY 105'
Property
Lot Information
  • Acres: 0.36
  • Lot Description: Flag Lot, Trees
  • Lot Size Square Feet: 15681.0
  • Current Use: Other
  • Land Description: Level
  • Lot Size Range: Sq Ft15000to19999
  • Lot Size: 15,000 to 19,999 Sq Ft
Property and Assessments
  • Property Sub Type: Multi Family
  • Property Type: Land
  • Perc Test Description: None
Utilities
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Water Available
Interior and Exterior Features
Exterior Features
  • Soil Type Classification: Native

Property History for 2408 Southeast 139th Avenue

DateEvent & SourcePriceAppreciation
Jun 27, 2017

Sold (Public Record)

Public Record #599418954

$100,000—
Jun 26, 2017

Sold (Public Record)

Public Record #599016508

$109,000—
DateEvent & SourcePrice
06/27/2017

Sold (Public Record)

Public Record #599418954

$100,000
06/26/2017

Sold (Public Record)

Public Record #599016508

$109,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2408 Southeast 139th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2025$1,499 ($125 / month)
Home Facts
Beds0Lot Size15,522 SqFtStyleResidentialZoningR3ACountyMULTNOMAHAPN1S2E02DD 06900

Schools near 2408 Southeast 139th Avenue

This home is within David Douglas School District 40.
Rating
School
Type
Grades
Distance
Lincoln Park Elementary School
Public - PK to 5
Ron Russell Middle School
Public - 6 to 8
David Douglas High School
Public - 9 to 12
Arthur Academy
Charter - K to 5
Rating
School
Distance
Lincoln Park Elementary School
PublicPK to 5

Ron Russell Middle School
Public6 to 8

David Douglas High School
Public9 to 12

Arthur Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2408 Southeast 139th Avenue, Portland, OR 97233

2408 Southeast 139th Avenue is a 0.36 ac of land for sale in Portland, OR 97233. This listing's school district is David Douglas School District 40. Nearby schools include Lincoln Park Elementary School, Ron Russell Middle School and David Douglas High School. 2408 Southeast 139th Avenue is a 0-bed, 0-bath, 0.36 ac of land on a 15,681 sq. ft. / 0.36 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cascade Hasson Sotheby's International Realty

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 02/10/2026 03:39 AM