$489,950
$5K PRICE DROP

3120 SE 119th Ave Portland, OR 97266

Powellhurst-Gilbert Neighborhood

Estimated payment $3,146/month

Total Views 2,217
0.33 Acre
$1,484,697 Price per Acre
14,375 Sq Ft Lot

Highlights

  • No HOA
  • Level Lot
  • No Heating
  • High Speed Internet

About This Lot

Prime Infill Opportunity on Oversized Lot – 0.33 Acres! Builders and investors, take note! Rare flat as a board lot in Portland’s Powellhurst-Gilbert neighborhood, zoned for potential redevelopment (buyer to verify with the City). With 100 feet of frontage and 145' deep lot dimensions, this property is ideal for partitioning, building plexes, adding ADUs, or developing cottage cluster under Portland’s Residential Infill Project guidelines. R5 Zoning. The existing ranch home is in great shape with full basement offering rental income during planning. Basement conversion potential for a duplex or ADU. Utilities on site, level ground, and no immediate tree or slope constraints make this a straightforward development path. Keep the main house and subdivide off a flag lot and add a duplex while you convert basement to an ADU. Basement has full bath and kitchenette. Or demo the house and subdivide into 2 large lots ready for 4 plexes. Or demo and build up to 16 cottage cluster. Portland City Council voted to temporarily waive development fees to spur housing from Aug. 15 through Sept. 30, 2028 - no development fees! Rentometer.com lists a 3-bed rental at $2208 monthly, 1 month for $1248. Endless options to make this project pencil. Strategically located near transit corridors, parks, and shopping with strong rental demand in the area. Don’t miss this chance to unlock the value of one of East Portland’s most flexible properties. Buyer to do all due diligence with the City of Portland. Do not walk the property without an appointment. Developer packet available.

Listing Agent

Kelly Asmus

Berkshire Hathaway HomeServices NW Real Estate License #201218568 Listed on: 07/16/2025

Berkshire Hathaway HomeServices NW Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,221

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 100x145
  • Level Lot
  • Property is zoned R5

Additional Homes

  • Residence on Property

Schools

  • Mill Park Elementary School
  • Ron Russell Middle School
  • David Douglas High School

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R333859

Property Details

Property Type

Land

Est. Annual Taxes

$5,221

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Land
  • Property Sub Type: SingleFamilyResidence
  • 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
  • Road Frontage: Yes
  • Lot Features: PublicRoad
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Other Structures: Residence

Garage/Parking

  • Attached Garage: No

Utilities

  • Utilities: CableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, PublicWater500FeetPlus, Sewer500FeetPlus
  • Internet Service Type: Cable
  • Cooling Y N: No
  • Heating Yn: No

Association/Amenities

  • Existing Structures: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Mill Park
  • High School: David Douglas
  • Middle Or Junior School: Ron Russell

Lot Info

  • Zoning: R5
  • Present Use: Residential
  • Perc Test Description: None
  • Perc Test: No
  • Soil Condition: Native
  • Soil Type Classification: Native
  • Land Description: Level
  • Land Lease: No
  • Lot Size Acres: 0.33
  • Lot Size: 100x145
  • Lot Size Sq Ft: 14374.0
  • Number Of Lots: 1
  • Parcel #: R333859

Green Features

  • Green Certification: No

Rental Info

  • Availability: Sale

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5220.93
  • Tax Opportunity Zone: No

Map

Range of Values:

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Average Value
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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
2023 $5,221 $212,480 $0 $0
2022 $4,734 $206,300 $0 $0
2021 $4,656 $200,300 $0 $0
2020 $4,218 $194,470 $0 $0
2019 $4,084 $188,810 $0 $0
2018 $3,959 $183,320 $0 $0
2017 $3,813 $177,990 $0 $0
2016 $3,712 $172,810 $0 $0
2015 $3,623 $167,780 $0 $0
2014 $3,554 $162,900 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Price Changed $489,950 -1.0% $245 / Sq Ft
07/16/2025 07/16/25 For Sale $495,000 -- $248 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Mortgage History

Date Status Loan Amount Loan Type
Closed $35,293 Unknown
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 692531303

Regional Multiple Listing Service (RMLS)

APN: R333859

Oregon Multnomah County Portland 97266 Powellhurst-Gilbert

3120 SE 119th Ave, Portland, OR

This home is located at 3120 SE 119th Ave, Portland, OR 97266 and is currently priced at $489,950. 3120 SE 119th Ave is a home located in Multnomah County with nearby schools including Mill Park Elementary School, Ron Russell Middle School, and David Douglas High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Listing Agent
Kelly Asmus
Section Image
Berkshire Hathaway HomeServices NW Real Estate
(503) 907-2280