$750,000
$70K PRICE DROP

Estimated payment $4,263/month

Total Views 5,421
0.72 Acre
$1,041,667 Price per Acre
31,363 Sq Ft Lot

Highlights

  • 0.72 Acre Lot
  • Level Lot
  • 4-minute walk to Kelly Butte Natural Area
  • No HOA
  • No Heating

About This Lot

7/15/25 Update: Price Decreased! This unique portfolio offers two separate tax lots .36 each 10412 and 10422 SE Division St totaling .72 acres of prime land just a third of a mile from the I-205 interchange. With 33,000 square feet of raw land zoned RM1, this property is ideally suited for residential development.The RM1 zoning is specifically designed for multifamily development, allowing for a variety of housing options such as duplexes, triplexes, rowhouses, and small apartment complexes. The highest and best use is building. This is a rare opportunity to develop in a highly desirable location with easy access to major transportation routes and local amenities. Old House with no value on 10422 Demolished at cost to seller to help expedite development plan for potential buyer. Preliminary plan documents for townhouse development available upon request from interested buyers.

Listing Agent

Frederick Seid

Fathom Realty Oregon, LLC Brokerage Phone: 503-866-6682 License #201233363 Listed on: 08/23/2024

Fathom Realty Oregon, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,206

Lot Details

  • 0.72 Acre Lot
  • Level Lot
  • Property is zoned RM1

Schools

  • Harrison Park Elementary And Middle School
  • Leodis Mcdaniel High School

Utilities

  • No Utilities

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R244271

Property Details

Property Type

Land

Est. Annual Taxes

$3,206

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Land
  • Property Sub Type: MultiFamily
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Lot Size: 20,000 SqFt to .99 Acres
  • View: No
  • Disclosures: Disclosure

Garage/Parking

  • Attached Garage: No

Utilities

  • Utilities: None
  • Cooling Y N: No
  • Heating Yn: No

Association/Amenities

  • Existing Structures: No

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Harrison Park
  • High School: Leodis McDaniel
  • Middle Or Junior School: Harrison Park

Lot Info

  • Zoning: RM1
  • Present Use: MultiFamily, RawLand, Residential
  • Additional Parcels: No
  • Land Description: Level
  • Land Lease: No
  • Lot Size Acres: 0.72
  • Lot Size Sq Ft: 31363.0
  • Parcel #: R244271
  • Assessor Parcel Number 2: R244272

Green Features

  • Green Certification: No

Rental Info

  • Availability: Sale

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 3206.07

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,334 $124,610 $124,610 --
2023 $3,334 $120,990 $120,990 $0
2022 $3,137 $117,470 $0 $0
2021 $3,084 $114,050 $0 $0
2020 $2,829 $110,730 $0 $0
2019 $2,725 $107,510 $0 $0
2018 $2,645 $104,380 $0 $0
2017 $2,535 $101,340 $0 $0
2016 $2,320 $98,390 $0 $0
2015 $2,259 $95,530 $0 $0
2014 $2,225 $92,750 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Price Changed $750,000 -6.1% --
02/21/2025 02/21/25 Price Changed $799,000 -2.6% --
08/23/2024 08/23/24 For Sale $820,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- --
Warranty Deed $1,050,000 --
Deed $21,372 None Listed On Document
Interfamily Deed Transfer -- None Available
Warranty Deed $136,000 Transnation Title Agency Of
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,500,000 Future Advance Clause Open End Mortgage
Previous Owner $200,000 Unknown
Previous Owner $373,000 Commercial
Previous Owner $125,000 Unknown
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24108164

Regional Multiple Listing Service (RMLS)

APN: R244271