- ADDRESS:
- 640 SE 47TH AVE Portland, OR 97215
- VIDEOS:
- Virtual Tour Print this Listing
- Price:
- $699,900
- Ft²:
- 0
- Acres:
- 0.21
- MLS#:
- 506469815
- Lot Size:
- 7,000 to 9,999 SqFt
- Type:
- Land
- Zone:
- R2.5
- County:
- Multnomah
- Status:
- Active
- Nhood/Bldg:
- SUNNYSIDE
- View:
- Trees/Woods
- Elem:
- Glencoe
- Middle:
- Mt Tabor
- High:
- Franklin
- Lot Desc:
- Brush, Public Road, Trees
- Area:
- Portland Southeast
- Courtesy of:
- Keller Williams Realty Portland Premiere
- Remarks:
- A true hidden gem brimming with potential, perfectly positioned in one of PDX’s most desirable neighborhoods—just half a block from Belmont Street’s most popular restaurants, cafés, and shops. Develop your vision, pursue a profitable project, or create your own urban oasis—your call—and enjoy tacos at Por Que No? while you do it. This exceptional opportunity offers flexibility rarely found in such a coveted, walkable location and is well suited for a residential buyer, remodeler, or investor seeking meaningful upside. The generous extra-deep 50’ x 180’ lot spans approximately 9,000 square feet of valuable infill potential and is zoned R2.5. The property includes an existing home offering approximately 1,500 square feet of living space plus a 792 square foot unfinished basement, providing a solid foundation for renovation and long-term improvement. Buyers may choose to retain the exceptionally large yard as a private urban retreat, add additional units, pursue development behind the existing home to fully leverage the depth of the lot, or tear down and reimagine the site entirely. Opportunities of this scale, flexibility, and location are increasingly rare. With immediate access to some of Portland’s most loved dining, shopping, and neighborhood amenities, this is a compelling urban opportunity you won’t want to miss. Buyer to perform their own due diligence with the City regarding development potential.