540 S NEVADA St, Portland, OR 97219

Land
Built in ——
7,405sqft lot
—— car garage
$——/sqft
Listed 12 days ago

Property Description

Opportunity knocks! Take advantage of this rare offering, a 7,400 SqFt nearly level lot, zoned RM1, in an absolutely prime location! Based on Portland zoning specs, this site allows for a MINIMUM of 1 dwelling per 2,500 SqFt of land with no maximum number of dwellings specified. The current decommissioned pump house can be preserved and potentially repurposed into some form of commercial use, converted into residential use & expanded onto, or torn down to build completely new and maximize the building footprint and total unit count. Buyer to do due diligence. Seller may consider owner carried financing for a limited term if needed, either until construction financing funds, or permits are fully approved.

Listing Status:: Active
Date Added:: October 1, 2025 at 05:00AM
Listing Office:: eXp Realty, LLC : 888-814-9613
Listing Agent:: Evan Nelson : 310-422-6044
MLS ID:: 274208765

General: Commercial

Road/Access: Paved
Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: RM1SECTION 22 1S 1ETL 9600 0.17 ACRESR330285
Current Use: Commercial

Utilities: Electricity availableNatural gas availablePublic sewerWater available

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Evan Nelson, eXp Realty, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Capitol Hill Elementary School

8401 SW 17th Ave, Portland, OR, 97219

Grades KG-5

1.24 miles away

Jackson Middle School

10625 SW 35th Ave, Portland, OR, 97219

Grades 6-8

2.60 miles away

Ida B. Wells High School

1151 SW Vermont St, Portland, OR, 97219

Grades 9-12

0.92 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.