540 S Nevada St

Portland, OR 97219

$595,000
Price
7,405 / 0.17
Lot Size / Acres
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Description

Opportunity knocks! Take advantage of this rare offering, a 7,400 SqFt nearly level lot, zoned RM1, in an absolutely prime location! Based on Portland zoning specs, this site allows for a MINIMUM of 1 dwelling per 2,500 SqFt of land with no maximum number of dwellings specified. The current decommissioned pump house can be preserved and potentially repurposed into some form of commercial use, converted into residential use & expanded onto, or torn down to build completely new and maximize the building...Opportunity knocks! Take advantage of this rare offering, a 7,400 SqFt nearly level lot, zoned RM1, in an absolutely prime location! Based on Portland zoning specs, this site allows for a MINIMUM of 1 dwelling per 2,500 SqFt of land with no maximum number of dwellings specified. The current decommissioned pump house can be preserved and potentially repurposed into some form of commercial use, converted into residential use & expanded onto, or torn down to build completely new and maximize the building footprint and total unit count. Buyer to do due diligence. Seller may consider owner carried financing for a limited term if needed, either until construction financing funds, or permits are fully approved.
  1. Listed by Evan Nelson • eXp Realty, LLC • 310-422-6044

Property Details for 540 South Nevada Street

Zoning
RM1
LISTING UPDATED: 05/15/2026 12:12 AM

Property Details for 540 South Nevada Street

StatusActive
MLS #274208765
Days on Market226
Taxes$6,574 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand / Multi Family
Year Built-
Lot Size0.17 AC
CountyMultnomah County
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Location

Listing Courtesy of eXp Realty, LLC
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Building Information for 540 South Nevada Street

Building Size-Lot Size0.17 AC

Payment Calculator

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$3,544 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,996

Property Taxes

$548

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 540 South Nevada Street

Summary
Location and General Information
  • Country: US
  • Directions: S Macadam & Nevada
  • Road Surface: Paved
School Information
  • Elementary School: Capitol Hill
  • High School: Ida B Wells
  • Middle Or Junior School: Jackson
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $6,573.54
  • Parcel Number: R330285
  • Tax Legal Description: SECTION 22 1S 1E, TL 9600 0.17 ACRES
Property
Lot Information
  • Acres: 0.17
  • Lot Size Square Feet: 7405.0
  • Current Use: Commercial
  • Land Description: Gentle Sloping, Level
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Sub Type: Multi Family
  • Property Type: Land
Utilities
  • Utilities: Electricity Available, Natural Gas Available, Public Sewer, Water Available
Interior and Exterior Features
Exterior Features
  • Soil Condition: Other, Unknown
  • Existing Structures Description: Commercial

Schools near 540 South Nevada Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Capitol Hill Elementary School
Public - K to 5
Jackson Middle School
Public - 6 to 8
Ida B. Wells-Barnett High School
Public - 9 to 12
Portland Village School
Charter - K to 8
Rating
School
Distance
Capitol Hill Elementary School
PublicK to 5

Jackson Middle School
Public6 to 8

Ida B. Wells-Barnett High School
Public9 to 12

Portland Village School
CharterK to 8

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 540 South Nevada Street, Portland, OR 97219

540 South Nevada Street is a 0.17 ac of land for sale in Portland, OR 97219. This property was listed for sale on October 1, 2025 by eXp Realty, LLC, it's currently listed at $595,000. This listing's school district is Portland School District 1j. Nearby schools include Capitol Hill Elementary School, Jackson Middle School and Ida B. Wells-Barnett High School. 540 South Nevada Street is a 0-bed, 0-bath, 0.17 ac of land on a 7,405 sq. ft. / 0.17 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 eXp Realty, LLC

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: 05/15/2026 12:12 AM