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Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$ 694,900
Est. payment /mo
Active
7218 N JORDAN AVE Portland, OR 97203
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision University Park
MLS Listing ID 502854669
HOA Y/N No
Annual Tax Amount $4,120
Tax Year 2025
Lot Size 7,840 Sqft
Property Sub-Type Single Family Residence
Property Description
Rare University Park development opportunity offering two separate parcels totaling approximately .18 acres within desirable R2.5 zoning. Demolition of the existing improvements is underway, creating a prime infill development site in one of North Portland's most sought after neighborhoods. Positioned to capitalize on the flexibility afforded by Portland's Residential Infill Project, the property presents an exceptional opportunity for builders and developers considering cottage style housing, missing middle development, or other permitted residential uses. Preliminary concepts suggest the potential for six to eight cottage homes, with additional development scenarios potentially available subject to buyer verification. The site offers the foundation for a future cottage community where elevated craftsmanship becomes everyday living. Development ready opportunities of this scale and location are increasingly difficult to find in established Portland neighborhoods. Located just moments from the University of Portland, the site offers convenient access to parks, dining, coffee shops, neighborhood retail, transit, and major commuter routes, along with the vibrant amenities of St. Johns, Kenton, Lombard, and the broader North Portland corridor. Buyer to perform all due diligence regarding the development and redevelopment potential of the property. Inquire for additional information regarding proposed development concepts and plans.
Location
State OR
County Multnomah
Area _141
Zoning R2.5
Exterior
Utilities Available ElectricityConnected, NaturalGasAvailable, SeeRemarks, SewerConnected, WaterConnected
View Trees Woods
Garage No
Schools
Elementary Schools Astor
Middle Schools Astor
High Schools Roosevelt
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.youtube.com/watch?v=voN2zuUIyaY
