2408 SE 139TH AVEPortland, OR 97233

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.