Estimated payment $4,684/month
Come take a look at this exciting development opportunity in Arbor Lodge. This unique property is zoned RM2 and offers great possibility in a rapidly growing area of the city. The preliminary concept suggests space for a 3 to 4 story multi-dwelling structure: Apartments, fourplexes, rowhouses, etc. This corner lot boasts excellent access on three sides boosting development potential and access for future residents. Its prime location gives you convenient access to the Max line, public transportation, and I-5 for commuters. You'll also find it's within walking distance of popular restaurants, parks, and local attractions - like the Adidas campus, the Overlook Bluff & University of Portland . The current house on site allows you to rent the property while you finalize your development plans. However, the real value lies in the land and its significant development potential. As with any development project, we encourage buyers to verify all information and complete their own due diligence to confirm feasibility.
| 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 |
|---|---|---|---|---|
| 2023 | $3,652 | $132,530 | $0 | $0 |
| 2022 | $3,436 | $128,670 | $0 | $0 |
| 2021 | $3,378 | $124,930 | $0 | $0 |
| 2020 | $3,099 | $121,300 | $0 | $0 |
| 2019 | $2,985 | $117,770 | $0 | $0 |
| 2018 | $2,897 | $114,340 | $0 | $0 |
| 2017 | $2,777 | $111,010 | $0 | $0 |
| 2016 | $2,541 | $107,780 | $0 | $0 |
| 2015 | $2,475 | $104,650 | $0 | $0 |
| 2014 | $2,437 | $101,610 | $0 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2025 05/22/25 | For Sale | $799,999 | -- | $403 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $239,000 | Pacific Northwest Title Of O | |
| Bargain Sale Deed | $95,000 | Pacific Northwest Title Of O | |
| Personal Reps Deed | -- | None Available |
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Source: Regional Multiple Listing Service (RMLS)
MLS Number: 119183569
APN: R233802
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