Portland, OR 97206,5528 SE RHONE ST
Portland, OR 97206,5528 SE RHONE ST
Portland, OR 97206,5528 SE RHONE ST
Portland, OR 97206,5528 SE RHONE ST
Portland, OR 97206,5528 SE RHONE ST
Portland, OR 97206,5528 SE RHONE ST
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Listed by Lovejoy Real Estate
$ 750,000
Est. payment | /mo

8,276 Sqft Lot


Save
$ 750,000
Est. payment | /mo
Save

8,276 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Residential Recreational

Listing Status Active

Purchase Type For Sale

MLS Listing ID 379652990

HOA Y/N No

Annual Tax Amount $6,580

Tax Year 2025

Lot Size 8,276 Sqft

Property Sub-Type Residential Recreational

Property Description

Prime Development Opportunity in Portland's Foster-Powell Neighborhood! This cleared and prepped site offers remarkable flexibility, whether you choose to proceed with the nearly permit-ready condo project or reimagine the space for a different development. The current design includes plans for six beautifully designed, approximately 1,800 square foot condos, each offering three bedrooms, two and a half bathrooms, and optional rooftop decks to capture stunning Portland views. The purchase includes all architectural plans and engineering, with building permits potentially ready for issuance in as little as 60 days. This project is already well underway, with right-of-way improvements 90% approved, a fully paid and approved demolition permit for the existing structures, and certified completion of lead and asbestos abatement with close-out letters. Both underground oil tanks have also been professionally removed and cleared through DEQ. Whether building stylish new condos or pivoting to another multi-unit concept, this is a rare chance to create something special in a dynamic and highly desirable community. Bring your vision and take advantage of this nearly shovel-ready development opportunity.

Location

State OR

County Multnomah

Area _143

Zoning R1

Exterior

Utilities Available CableAvailable, ElectricityAvailable, NaturalGasAvailable, PublicSewer, WaterAvailable

Garage No

Building

Lot Description Corner Lot

Schools

Elementary Schools Atkinson

Middle Schools Mt Tabor

High Schools Franklin

Others

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Winterhaven School

    Public | KG - 8

  • 9

    Laurelhurst Elementary School

    Public | KG - 8

  • 8

    Beverly Cleary School

    Public | KG - 8

  • 8

    Sunnyside Environmental School

    Public | KG - 8

  • 8

    Duniway Elementary School

    Public | KG - 5

  • 8

    Richmond Elementary School

    Public | PK - 5

  • 8

    Glencoe Elementary School

    Public | KG - 5

  • 7

    Lewis Elementary School

    Public | KG - 5

  • 7

    Woodstock Elementary School

    Public | KG - 5

  • 6

    Ardenwald Elementary School

    Public | KG - 5

  • 6

    Creston Elementary School

    Public | KG - 8

  • 6

    Lewelling Elementary School

    Public | KG - 5

  • 6

    Arleta Elementary School

    Public | KG - 8

  • 6

    Portland Arthur Academy Charter School

    Public | KG - 5

  • 5

    Buckman Arts Focus Elementary School

    Public | KG - 5

  • 5

    Grout Elementary School

    Public | KG - 5

  • 5

    Atkinson Elementary School

    Public | KG - 5

  • 5

    Whitman Elementary School

    Public | KG - 5

  • 5

    Marysville Elementary School

    Public | KG - 8

  • 5

    Harrison Park Elementary School

    Public | KG - 8

Middle Schools 7
  • 9

    Da Vinci Middle School

    Public | 6 - 8

  • 8

    Sellwood Middle School

    Public | 6 - 8

  • 7

    Mt Tabor Middle School

    Public | 6 - 8

  • 5

    Hosford Middle School

    Public | 6 - 8

  • 3

    Lane Middle School

    Public | 6 - 8

  • 0

    Pacific Crest Community School

    Private | 6 - 12

  • 0

    Mt Scott Park Center for Learning

    Private | 7 - 12

High Schools 8
  • 7

    Grant High School

    Public | 9 - 12

  • 7

    Franklin High School

    Public | 9 - 12

  • 6

    Cleveland High School

    Public | 9 - 12

  • 2

    Leadership and Entrepreneurship Public Charter High School

    Public | 9 - 12

  • 0

    Yourth Progress Learning Center

    Private | 9 - 12

  • 0

    Central Catholic High School

    Private | 9 - 12

  • 0

    Portland Youth Builders

    Private | 12 - 12

  • 0

    Portland Adventist Academy

    Private | 9 - 12

School and business data provided by Attom Data.
Jarrin Benson

+1(503) 505-1718

jarrin@jarrinbenson.com

919 NE 19th Ave #100, Portland, OR, 97232

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5528 SE RHONE ST