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PROPERTY DETAILS

Portland, OR 97206 5528 SE RHONE ST

5528 SE RHONE ST Portland, OR - Image 15528 SE RHONE ST Portland, OR - Image 25528 SE RHONE ST Portland, OR - Image 3
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5528 SE RHONE ST Portland, OR - Image 45528 SE RHONE ST Portland, OR - Image 55528 SE RHONE ST Portland, OR - Image 65528 SE RHONE ST Portland, OR - Image 7
Presented By: Lovejoy Real Estate -
  • Regional Multiple Listing Service (RMLSOR) - 65 - OR
  • MLS# 379652990
  • 05/06/2025
  • Request Tour
  • Request Info
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
    Price $750,000
    MLS#379652990
    List Date 05/06/2025
    Property Type Land
    Phone 925.997.9200
    Request Tour
    Request Info
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