Portland NW/ SW/ S, Raleigh Hills Homes with Cleared Lot description

Portland NW/ SW/ S, Raleigh Hills Homes with Cleared Lot description

Welcome to the charming neighborhoods of Raleigh Hills in Portland, Oregon, where the beauty of the Pacific Northwest meets the convenience of urban living. Nestled in the heart of the city, Raleigh Hills offers a serene escape with its tree-lined streets, stunning views, and a close-knit community vibe. This area is renowned for its family-friendly atmosphere, excellent schools, and proximity to both downtown Portland and the breathtaking natural landscapes that Oregon is famous for.

Raleigh Hills is characterized by its diverse range of homes, and one of the most appealing options available is properties with cleared lots. These homes provide a blank canvas for your dreams, allowing you to design and build your perfect sanctuary amidst the lush greenery. Imagine waking up to the soft sounds of nature, with ample space to create your own garden oasis or outdoor entertainment area. The cleared lots in this region are not only a rare find but also present an incredible opportunity for customization, ensuring that your new home truly reflects your personal style and needs.

In addition to the allure of cleared lots, Raleigh Hills boasts easy access to local parks, hiking trails, and vibrant shopping districts. Residents enjoy the best of both worlds—peaceful suburban living with the excitement of Portland's cultural offerings just a short drive away. Whether you’re seeking a cozy family home or a modern masterpiece, Raleigh Hills is the perfect place to plant your roots and embrace the Portland lifestyle. Discover your dream home in this picturesque neighborhood today!

Newest Portland NW/ SW/ S, Raleigh Hills Homes with Cleared Lot description

$1,100,000
724302316 MLS
Exceptional opportunity to develop a three-tax-lot portfolio in a prime SW Portland location with expansive territorial and Mt. Hood views. Tucked away in a private, peaceful, and secluded setting, yet conveniently located near I-5 and SW Capitol Hwy, this rare offering combines tranquility with excellent accessibility. The seller has completed much of the preliminary work, making these partitioned lots ready for your development plans. Lot 1 is 9,891 SF (0.23 acre), Lot 2 is 9,756 SF (0.22 acre), and Lot 3 is 11,686 SF (0.27 acre). R7 zoning allows a variety of residential development options, including detached homes, rowhouses, duplexes, triplexes, fourplexes, cottage clusters, and ADUs (buyer to verify current zoning and development requirements). The previous residence has been demolished, and the former cesspool was professionally decommissioned with permits and final approval. Approved storm and sanitary sewer connections have already been installed for all three lots. Lot 1 includes a city water lateral, and a city water main runs along the frontage of all three lots. A PGE Asset Map is available upon request. There is a gas distribution main that runs in front of all 3 lots. The fence along the rear of the property marks the required tree-protection line and does not represent the property boundary. Please refer to the recorded plat map for lot dimensions and boundaries. Property taxes shown reflect the combined total for all three lots (Lot 1: $3,459; Lot 2: $3,169; Lot 3: $3,605). For GPS directions, use 10645 SW 41st Ave, Portland, OR.

SW 41st AVE Unit #1, 2, 3, Portland

$500,000
737111963 MLS
Rare opportunity to acquire 3 contiguous parcels of leased land at the west end of the Ross Island Bridge in a rapidly evolving South Waterfront area, with the additional option to purchase the adjacent residential property at 3029 S Water Ave, currently under the same ownership. The combined lots have official dimensions of 106’ x 50’ (5,300 SF), however the site includes an existing irregularly shaped, paved and fully fenced parking lot closer to 7,500 SF. During future land use review, a buyer pursuing development would have a strong likelihood of city approval to utilize the full existing paved area, creating meaningful upside. The property is currently leased to a towing company through March 2028 at $2,500/month with 3% annual increases, providing approximately $30,000 in annual income with virtually no owner responsibilities beyond property taxes, making this an ideal low-management asset. Zoned CI2, a designation intended for educational uses but comparable to CM3 in nearly every practical respect, allowing for a wide range of commercial and mixed-use development options. The parcels do not have individual addresses but are located immediately adjacent to 3029 S Water Ave. Tax ID numbers are R128811, R128810, and R128809. Situated near OHSU, multiple planned mixed-use developments, and the proposed future site of a Portland MLB stadium, this location offers strong long-term fundamentals. The property is also located within an Opportunity Zone, providing potential tax advantages for qualified buyers. Offered at $500,000, the existing income represents a 6% cap rate, allowing an investor or developer to acquire hassle-free leased land while land banking and covering holding costs until ready to build.

0000 S WATER AVE, Portland

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