$300,000

Rare Southwest Portland development opportunity in the highly desirable Multnomah/Markham area. This approximately 10,890 SF (0.25-acre) R7-zoned parcel offers an exceptional combination of location, flexibility and development potential. With no environmental overlays and public utilities already serving the property, the site provides an attractive opportunity for builders, developers or an owner seeking to create a distinctive custom residence. The R7 zoning and lot size may offer a variety of development possibilities, including middle housing configurations such as detached duplex, triplex or fourplex development, cottage-style housing, or a single luxury residence, subject to applicable City of Portland zoning, design, permitting and development requirements. The parcel's size also provides flexibility for those who prefer a lower-density approach rather than maximizing unit count. The site features a moderate slope toward the front of the property, transitioning to a more level and usable building area toward the rear. This topography may lend itself well to a daylight basement, tucked-under garage or other creative design solutions while maximizing the usable building envelope. Public utilities are already established at the property, providing an important infrastructure advantage for future development. Located on a paved residential street with convenient access to I-5, Barbur Boulevard, Multnomah Village, shopping, dining and everyday amenities. A compelling opportunity to create multiple fee-simple residences or a substantial custom home in an established Southwest Portland neighborhood. Buyer to independently verify zoning, development potential, utility availability, setbacks, density, lot division requirements and all other applicable regulations with the City of Portland.