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PROPERTY DETAILS
Portland, OR 97206 5528 SE RHONE ST
$750,000



3 more




Presented By: Lovejoy Real Estate -
Disclaimer: The information contained in this listing has not been verified by Amherst Madison and should be verified by the buyer.
Home Details
Prime Development Opportunity in Portland’s Foster-Powell Neighborhood! This cleared and prepped site offers remarkable flexibility, whether you choose to proceed with the nearly permit-ready condo project or reimagine the space for a different development. The current design includes plans for six beautifully designed, approximately 1,800 square foot condos, each offering three bedrooms, two and a half bathrooms, and optional rooftop decks to capture stunning Portland views. The purchase includes all architectural plans and engineering, with building permits potentially ready for issuance in as little as 60 days. This project is already well underway, with right-of-way improvements 90% approved, a fully paid and approved demolition permit for the existing structures, and certified completion of lead and asbestos abatement with close-out letters. Both underground oil tanks have also been professionally removed and cleared through DEQ. Whether building stylish new condos or pivoting to another multi-unit concept, this is a rare chance to create something special in a dynamic and highly desirable community. Bring your vision and take advantage of this nearly shovel-ready development opportunity.
Presented By: Lovejoy Real Estate -
General for 5528 SE RHONE ST
CityPortland
CountyMultnomah
Current UseRawLand
DirectionsFoster Rd, N on 56th
DisclosuresDisclosure
Elementary SchoolAtkinson
HOANo
HOA Fee$
High SchoolFranklin
Legal DescriptionCANNONS ADD, BLOCK 3, LOT 1&2
Listing TermsCash, Other
Lot Size Square Feet8276.0
MLS Area_143
Middle/Junior High SchoolMt Tabor
Other StructuresNone
Property SubtypeResidentialRecreational
Property TypeLand
Standard StatusActive
StatusActive
Tax Annual Amount6344.25
Tax Year2024
UtilitiesCableAvailable, ElectricityAvailable, NaturalGasAvailable, PublicSewer, WaterAvailable
ZoningR1
Exterior for 5528 SE RHONE ST
LandDescriptionLevel
Lot FeaturesCornerLot
Lot Size Acres0.19
Number of Lots1
Road Surface TypePaved
Additional Details
Price History
Schools
Middle School
Mt Tabor Middle School
Elementary School
Atkinson Elementary School
High School
Franklin High School

Cristen Mann
Realtor