97201 Real Estate Search

97201 Multi-Family Homes for Sale

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Newest 97201 Multi-Family Homes for Sale

$149,000
1 Beds 1 Baths 389206859 MLS
Views. Privacy. Light. This fifth-floor corner one-bedroom delivers all three. Where expansive south-facing 5 ft windows frame breathtaking West Hills and city views filling the home with natural light. Soaring ceilings and an open, airy layout create a space that lives far larger than its footprint, while the rare corner location offers exceptional privacy with virtually no neighbors on either side. Designed for both everyday living and entertaining, the spacious kitchen features brand new stainless steel appliances, a brand-new kitchen sink faucet and garbage disposal, abundant oak cabinetry, a generous pantry, and even a dedicated dining area. The thoughtfully designed floor plan flows effortlessly, allowing the bathroom to be accessed by guests without compromising the privacy of the bedroom—creating the feel of a true owner's suite. The oversized bathroom has been beautifully refreshed with a new vanity, updated fixtures, new flooring, and a Bluetooth speaker exhaust fan for a modern touch. Additional recent improvements include brand-new interior paint (2026), a new PTAC heating and cooling system (2023), a new washer and dryer (2025), and freshly shampooed bedroom carpeting. Enjoy the convenience of a secure building with security patrol, assigned storage, and bike storage. Perfectly positioned in the heart of downtown Portland, you'll have everyday essentials like Safeway, neighborhood coffee shops, and the vibrant South Park Blocks dining scene just moments away. Walk to Portland State University, the Portland Saturday Farmers Market, the newly expanded Portland Art Museum, the Arlene Schnitzer Concert Hall, the Oregon Historical Society, and the highly anticipated James Beard Public Market. An exceptional value offering the rare combination of space, privacy, modern updates, and stunning views. See it. Feel it. Love it. Listing Video: https://media.coreyshelton.photography/wbqF6PQL

1134 SW JEFFERSON ST Unit #509, Portland

$784,000
3 Beds 3 Baths 214377587 MLS
Experience luxury waterfront living in this fully remodeled corner-unit townhouse, where sophisticated design meets exceptional comfort. The chef's dream kitchen is the heart of the home, featuring a spectacular 14-foot granite island, natural stone countertops, premium finishes, and custom drapes and blinds. Rich hardwood floors flow throughout, while custom-blown Murano glass light fixtures and three distinctive chandeliers add an unparalleled touch of elegance. Wake up to breathtaking year-round river views and enjoy picturesque vistas of the beautifully landscaped gardens at Waterfront Park and the yachts in the nearby Riverfront Marina. This residence perfectly captures the essence of modern urban luxury. The spacious primary suite is a private retreat, complete with a generous walk-in closet and a spa-inspired en-suite bathroom featuring custom walnut cabinetry, a luxurious soaking tub, and a separate walk-in shower. Two additional walk-in closets provide abundant storage throughout the home. Additional bedrooms offer versatility for family, guests, or a dedicated home office. A private in-unit elevator provides effortless access to every level, while one of the largest patios in the building creates an exceptional outdoor living space—perfect for entertaining, dining, or simply enjoying the waterfront setting. This rare corner-unit townhouse combines premium finishes, thoughtful design, and an unbeatable waterfront location to create a truly extraordinary home.

1900 S RIVER DR Unit #N101, Portland

$1,075,000
5 Beds 3 Baths 724288413 MLS
Delight in this magical and enchanting Victorian sanctuary perfectly restored with preservation of charm and architectural interest in mind.In the prestigious Portland Heights neighborhood this beauty gives privacy and retreat like space with dedicated green space next door. You will love the close proximity to the city with all the vibes of urban lifestyle.The professional landscaped terrain perfectly showcases the custom painted exterior of the home. You will love the multiple niche outdoor spaces including the rooftop patio and spacious new Trex deck in the back for outdoor extended living.Enjoy formal living and dining room spaces flanked with tree views and evening sunsets. The formal dining room creates an inviting space with pocket doors, gas fireplace and built in buffet.The gourmet kitchen is perfect for entertaining with a cooktop island, new Dacor stainless steel appliances, marble countertops, eating bar and a sweet nook. Plenty of room for extended guests with a bedroom on the main and full bath with the iconic claw foot tub. Work from home with office space tucked away in the back or enjoy a cozy family room abutting the kitchen. The primary ensuite has tons of built ins, a charming window bench seat and a full size walk in closet. In addition the primary bath has a freshly tiled shower and heated floors added. Three additional rooms and a second bath plus washer and dryer present so many choices for function and family. Hardware, lighting and extensive craftsmanship have been perfectly preserved and restored or replaced with period sensitivity in mind. Additionally there is an attached garage with a chair lift to the main level and a large basement provides ample additional storage. An Extensive list of upgrades include not limited to: New roof approx.2023, exterior paint 2023,interior paint, refinished hardwoods, all carpet installed in 2025, kitchen appliances 2023, Trex decking front and back.Seller has plans available to finish the basement. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10067777]

2104 SW SPRING ST, Portland

$550,000
2 Beds 3 Baths 700212963 MLS
Enjoy the pinnacle of urban waterfront living in this meticulously maintained, move-in-ready residence at The Strand. This home exemplifies high-quality construction, featuring terrific insulation, heavy solid wood doors, granite surfaces, and quality fixtures throughout. The light-filled, south-facing unit offers expansive window walls and soaring ten-foot ceilings, creating an airy atmosphere that remains comfortable year-round. An open-concept main floor flows from the chef’s kitchen—complete with a large granite island, stainless appliances, and custom pantry—to a living area with a cozy gas fireplace. Elegant newer hardwoods run through the entire home, leading to a functional layout with bedrooms situated upstairs for maximum privacy. The primary suite features a custom-organized walk-in closet and a luxurious bathroom with a Jacuzzi tub, while the second bedroom has a large attached and versatile flex space perfect for a home office, gym, or walk-in closet. Practicality meets luxury with a large utility room, a full bathroom on the main level, and a new heat pump HVAC system installed in 2019 for efficient climate control. Residents benefit from an established HOA with healthy reserves and no history of special assessments, with dues covering gas, water, hot water, sewer, and trash. Security and convenience are paramount, with deeded underground parking, an onsite backup power generator, and dual entry options via the north tower’s concierge-attended hallway or a private exterior patio. Boasting a Walk Score of 85 and a Bike Score of 94, this "Biker’s Paradise" offers immediate access to the Willamette River, Riverplace Marina, and Waterfront Park. Whether you are heading to OHSU via the Aerial Tram, commuting on the Streetcar, or enjoying the Farmers Market and Keller Auditorium, everything Portland has to offer is just steps away. Property tax successfully appealed/reduced in 2023. Seller is the listing agent and a licensed Realtor in the state of Oregon.

1900 S RIVER DR Unit #N112, Portland

$1,575,000
2 Beds 2 Baths 794072663 MLS
Exquisite by name, unforgettable by nature! Some Condominiums make a statement... This one makes a Grand Entrance! You can have it all: a front-row seat to the best of Portland Waterfront living and a full view of Mt. Hood. RARE Waterfront Luxury with Unmatched Views | It is not just a home; it is a "LifeStyle." Welcome to an exceptional opportunity to own a true gem in Portland's iconic Strand North Tower. Perfectly positioned on the 5th floor—known as the "Sweet Spot" - this pristine, fully updated luxury condominium offers a full, unobstructed panoramic view of the Willamette River, Mt. Hood, and Mt. St. Helens. Watch the sunrise light up the water and mountains through your wall of windows, and with a click of a button, open the remote-controlled electric blinds. This thoughtfully designed unit features a spacious, open-concept layout with two primary suites, a flexible office or sitting area, and a chef-inspired gourmet kitchen—ideal for entertaining or everyday living. The seamless flow, upscale finishes, and extensive upgrades throughout create a sense of elegance and convenience. Enjoy the ultimate in urban living with The Strand's prime location—steps to the waterfront, shops, parks, restaurants, and cultural hubs. Secure building access, concierge services, and convenient parking complete the luxury lifestyle. Don't miss this rare offering—Waterfront. Views. Location. Live where the city meets the river for Urban Living at its Finest.** Completely updated, plus new heat pump **

1900 S RIVER DR Unit #502, Portland

$225,000
1 Beds 1 Baths 720191711 MLS
Enjoy the best of urban living in this charming 1-bedroom, 1-bath condo located in the heart of Portland's vibrant Cultural District. Situated in the desirable Park Avenue West area, this comfortable single-level unit places you just moments from Portland State University, the South Park Blocks, museums, theaters, dining, shopping, public transit, and everything downtown Portland has to offer.Inside, the functional floor plan features wall-to-wall carpeting throughout the main living spaces and bedroom, creating a warm and inviting atmosphere. The kitchen offers wood flooring, a built-in dishwasher, microwave, and ample cabinet space. The remodeled bathroom adds a fresh, updated touch, enhancing both style and functionality.The living area provides a comfortable space to relax or entertain and opens to a private balcony, perfect for enjoying your morning coffee or taking in the energy of the city. The spacious bedroom offers generous closet space, while recent upgrades include premium windows with a transferable warranty and a new HVAC system providing both heating and air conditioning for year-round comfort.Residents enjoy desirable amenities including secure parking, gated access, and an on-site fitness center. The building also benefits from a friendly and active HOA community that helps maintain the property's appeal and welcoming atmosphere.Whether you're looking for a primary residence, a convenient city retreat, or an investment opportunity, this condo offers low-maintenance living in one of Portland's most walkable locations. Enjoy easy access to parks, restaurants, coffee shops, cultural attractions, and nearby MAX and streetcar lines.Don't miss this opportunity to own a piece of downtown Portland living with comfort, convenience, security, and a fantastic location right outside your door.

1500 SW PARK AVE Unit #306, Portland

$449,000
2 Beds 2 Baths 348325725 MLS
Enjoy spectacular views and effortless living from this quiet, highly sought-after north-facing end unit in the Lincoln Tower. Featuring two private balconies and sweeping vistas of Mount Hood, the Willamette River, and sparkling city lights, this light-filled condominium offers an exceptional lifestyle in the heart of downtown. The rare open-concept floor plan is designed for both comfortable everyday living and entertaining. Engineered hardwood floors flow throughout the spacious great room, where expansive windows frame breathtaking views. The centrally located kitchen serves as the heart of the home, seamlessly connecting the living and dining areas. While preparing meals, you'll remain part of every gathering, with two eating bars providing additional seating and conversation space. The living room opens to an east-facing balcony, the perfect place to enjoy your morning coffee while taking in stunning sunrises over Mount Hood and the Willamette River. The dining area opens to a west-facing balcony, offering a wonderful setting for evening sunsets and twinkling city lights. The spacious primary suite features double closets, a beautifully updated vanity with granite countertops, and a walk-in tiled shower. Private access to the east-facing balcony allows you to wake up to incredible views each morning. The second bedroom also enjoys balcony access and is conveniently located adjacent to the updated guest bath, complete with a glass-enclosed shower and relaxing soaking tub. Additional highlights include a utility room with a tankless water heater and abundant storage space, secure parking and a storage unit located on 2B level. Residents enjoy an impressive array of resort-style amenities, including 24-hour concierge service, indoor and outdoor swimming pools, spa, sauna, fitness rooms, and community rooms with kitchens. Ample guest parking—an uncommon luxury for downtown living. On MAX, street car and busline. Close to OHSU

2211 SW 1ST AVE Unit #1402, Portland

$1,650,000
3 Beds 4 Baths 275494603 MLS
Perched high above the city in Portland’s iconic Fountain Plaza at KOIN Tower, this extraordinary double-unit residence offers some of the most breathtaking panoramic views in all of Portland. From the 28th floor, enjoy a rare and awe-inspiring vantage point featuring majestic views of Mt. Hood, Mt. St. Helens, and Mt. Adams all at once — a truly unforgettable backdrop that few homes can claim.Walls of glass frame sweeping vistas of the Willamette River, including the ever-changing illuminated colors of the Tilikum Crossing Bridge at night, along with dynamic city views stretching north and west. Experience both spectacular sunrises and glowing sunsets from nearly every angle — the kind of elevated perspective only found high above the skyline.Once considered the “premier” condo in town, this grand 3,800-square-foot residence remains one of Portland’s most unique luxury opportunities. Nearly 40 years later, Fountain Plaza still stands as the city’s grand dame of luxury high-rise living, complete with an exceptional concierge and service team delivering an almost New York-style doorman experience. The expansive floorplan offers incredible flexibility, including a private wing ideal for a guest suite, nanny’s quarters, or multi-generational living. For those transitioning from a large 5000+ sq. ft suburban home but unwilling to sacrifice space, scale, or sophistication, this is a rare alternative to the typical downsized condo experience. A true blank canvas, this residence is ready for you to remodel its next chapter — an opportunity to reimagine and transform a legendary Portland home into a modern masterpiece once again.

1414 SW 3RD AVE Unit #2801, Portland

$1,200,000
2 Beds 2 Baths 500662227 MLS
Perched above Portland’s South Waterfront in the coveted East Tower of The Strand, this expansive home offers an elevated urban lifestyle framed by dramatic floor-to-ceiling windows that capture sweeping views of the river, city skyline, and ever-changing light of the waterfront district. This sophisticated home blends luxury, serenity, and modern design in one of Portland’s premier concierge-served high-rise communities. An open, light-filled layout creates effortless flow between living, dining, and kitchen spaces—ideal for both quiet mornings and elegant entertaining. Expansive glass walls invite the outdoors in, showcasing the Willamette River and surrounding architecture while enhancing the home’s sense of volume and airiness. Hardwood floors, refined finishes, and a gas fireplace anchor the living area with warmth and style.The gourmet kitchen features slab granite countertops, premium stainless-steel appliances, and generous storage—perfect for the home chef who values both function and design. The private balcony extends the living space outdoors, offering a front-row seat to waterfront sunsets, passing boats, and the vibrant energy of the district below.The spacious primary suite is a tranquil retreat with its own wall of windows, a spa-inspired bathroom, and ample closet space. A well-appointed second bedroom or office provides flexibility for guests, work, or creative pursuits. Luxury, Light, & Waterfront living this home offer an ideal opportunity for all. Close to OHSU & the Tram, this home features a walk score of 81 with a highly desirable 95 bike score. EV charger already installed.

1920 S RIVER DR Unit #E902, Portland

$819,000
2 Beds 2 Baths 591624309 MLS
Perched high above the city in the iconic Fountain Plaza, also known as the Koin Tower, this sophisticated 20th-floor condo offers sweeping panoramic views of Mt. Hood and Mt. St. Helens from multiple private balconies. Thoughtfully designed with 2 bedrooms and 2 baths, the light-filled layout blends comfort and style with expansive windows that frame the ever-changing Northwest skyline. Enjoy seamless indoor-outdoor living, generous entertaining spaces, and a rare opportunity to take in sunrises, city lights, and mountain vistas from nearly every angle.The completely updated primary suite bath delivers a true spa experience with radiant heated floors, a custom Kohler steam shower, and an integrated digital control system. Located in the heart of downtown Portland’s vibrant cultural core, this home places you moments from the waterfront, PSU Farmers Market, Keller Auditorium, museums, acclaimed restaurants, coffee shops, and boutique shopping. Enjoy easy access to the Portland Streetcar, MAX Light Rail, and miles of waterfront paths along the Willamette River. Just blocks from the South Park Blocks and Portland State University, the neighborhood offers an ideal blend of urban energy, walkability, and everyday convenience with a distinctly Northwest feel. Whether headed to a performance, brunch, or an afternoon along the riverfront, everything Portland has to offer is right outside your door.

1414 SW 3RD AVE Unit #2001, Portland

$749,000
3 Beds 2 Baths 270964832 MLS
NEWLY PRICED- And school is about to start! Very desired public schools, including the newly renovated Lincoln High. Imagine living in a canopy of trees where each day begins with a sense of calm and space that's hard to find and impossible to forget. Private, and tucked into the hillside, this home is nestled in a pocket renowned for its vibrant community, surrounded by hidden paths and breathtaking city, river, and mountain views. Built in 1925, this home has kept its soul intact. Home is 2,535 SF +475 of unfinished attic space, just perfect for an artist studio, yoga retreat, or secret escape. With gracious room sizes, and a circular flow, this home creates an inviting atmosphere—ideal for entertaining. Multiple decks on nearly every corner make the outdoors a seamless extension of your daily life. Formal Living Room: Casement windows, original wood floors, stately wood/gas fireplace, and original millwork throughout! Dedicated Formal Dining Room with wainscot walls, plate rails, and French doors opening to an oversized deck with a naturescape view. Kitchen with stainless steel appliances, tile flooring, gas stove, prep island, eat bar, and lots of natural light, and even room for a bistro table! A large pantry with flanking shelving provides easy access to the outdoors too. Bedrooms: Three, including a spacious primary ensuite with an extended two-door closet, claw foot vintage tub, and private deck for sunrise, sunset, or sunbathing. Original double-hung windows and fir floors add timeless charm. Bathrooms: Two full and two half baths, featuring fun vintage tile with at least one bath on every level. Basement: Full footprint of the main level, tall ceilings, cork floors, large windows, half bath, long lower deck, and backyard/patio access. Spacious utility room has washer, dryer, utility sink, and lots of storage. Located above the City in the West Hills, Portland Heights offers a quiet, suburban feel in what many say is Portland’s best neighborhood. Hurry! [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10247077]

2656 SW GERALD AVE, Portland

$1,095,000
5 Beds 3 Baths 795890972 MLS
Open House 9/20/2026 from 12:30pm to 2:30pm Enchanting English Traditional in Portland Heights, gracefully situated on SW Edgewood Road, a quiet dead-end street with a friendly neighborhood vibe. The convenient location is close to downtown, shopping and restaurants in NW Portland and the Multnomah Athletic Club. Beautifully modernized while preserving timeless character, this exceptional home offers an inviting blend of elegance, warmth and livability. On the main level a gracious living room is anchored by fireplace, handsome built in bookcases, original Russian Oak hardwood floors, exquisite millwork, and crown molding. The formal dining room and living room are filled with natural light from expansive paned and picture windows, complemented by leaded glass details on the first and second floors. A spectacular gourmet kitchen, designed for both serious cooking and comfortable gathering. Newer cabinetry, granite countertops, two prep sinks. Bosch Stainless appliance including a five-burner gas range and an oversized island with eating bar. Upstairs a primary suite that features lovely fireplace, a remodeled bath, and an exceptional walk in closet with extensive custom built in storage. Two additional bedrooms share a remodeled Jack-and Jill bath while a second-floor kitchenette and laundry add an uncommon level of flexibility. The recently restored top floor offers two bedrooms, a full bath, a cedar closet and view of Mt.Hood from one of the bedrooms. Ideal for teenagers, guests or home office. The basement level contains utility area with washer dryer and sink, abundant storage in two closets. 536 sqft. of add. space in basement and along with staircase all freshly painted. Outdoors the grounds are a private garden sanctuary with patios and extensive plantings.A fully fenced orchard yard with grapes, plum, pear and apple trees.A Large covered porch enclosed by iron work has area for gardening supplies. A/C on 2nd & 3rd floors. Owned Security System is included.

1975 SW EDGEWOOD RD, Portland

$179,900
1 Beds 1 Baths 723719625 MLS
Rare opportunity to own a bright corner-unit condo in the heart of downtown Portland, featuring the largest one-bedroom floor plan in the building, abundant natural light, and beautiful city views. The inviting living room opens to a private deck, perfect for enjoying the skyline and fresh air. A sunny dining nook surrounded by windows flows easily into the efficient kitchen with stainless steel appliances. Down the hall, a spacious bedroom sits across from the bathroom featuring an updated vanity and shower/tub combo. Enjoy the comfort of AC, convenient one-level living, and easy elevator access. Residents of Harrison West enjoy a wide range of amenities including a gated courtyard garden, outdoor pool (one of the few in the area), hot tub/spa, sauna, outdoor fire pit, BBQ grill, community room, secured bike room, and a large on-site laundry facility with plenty of machines—no coins needed. The building also offers the convenience of an onsite manager and overnight security from 10pm–6am. Additional highlights include a deeded parking space in a prime location, secure storage, and no rental cap—offering excellent investment or rental potential. Part of the architecturally significant Portland Open Space Sequence, a landmark development that helped spark an urban design movement focused on integrating green space into city living. Located just steps from the Portland Streetcar and bus lines, with quick access to the waterfront, Portland State University, museums, and the popular weekly Farmers Market. Enjoy an easy walk to parks, shops, restaurants, and everyday conveniences. Low-maintenance, light-filled city living in a fantastic downtown Portland location.

255 SW HARRISON ST Unit #14B, Portland

$1,475,000
4 Beds 5 Baths 278906550 MLS
OPEN Sat 9/12 FROM 1-3PM. Rare opportunity to own a mid-century modern classic with stunning city views and ideally situated in Portland Heights. Thoughtfully designed for privacy, enter through the gated front-entry atrium and experience the unmistakable feeling of home from the moment you step into the 5,000+ sq ft residence. The main level welcomes you with a spacious open floor plan, high ceilings, an abundance of windows and expansive hardwood flooring. The light-filled space flows from formal entry to living room to dining room and a very special sunroom, ideal for effortless entertaining year-round. The living room showcases built-ins, a wood-burning fireplace and captivating views of the City of Roses. A large chef’s eat-in kitchen with newly painted cabinetry throughout boasts ample storage. Completing the ease of one level living is a coveted and sought-after home office, laundry room, cozy den and two primary en-suite bedrooms; one complemented by an updated bathroom, and a large walk-in closet with custom vanity that’s both functional and elegant. The second primary bedroom with bath opens to a reading room, creating a comfortable and discrete retreat for overnight guests.Descend to the expansive lower level via elevator or staircase for more versatile living options including a third bedroom with adjoining bathroom, a fitness room equipped with sauna and shower, storage galore plus a sprawling en-suite guest quarters (or media/game room!) with its own city view and unique private entrance. Exterior features: An attached oversized two-car garage and a private driveway with plenty of additional parking. A greenhouse beckons for an urban garden, an artist studio or hobby haven.

1776 SW MONTGOMERY DR, Portland

$299,000
2 Beds 2 Baths 312681628 MLS
Enjoy effortless one level living in this light filled 2 Bedroom, 2 bath condo featuring a unique, thoughtfully designed floor plan with an abundance of outdoor living space. At the heart of the home is a spacious kitchen that opens seamlessly to both the living room and the family / dining area, creating an ideal layout for entertaining and everyday living. Features you'll love two private balconies with east and west exposures for both sunrise and sunset views. Over 300 Square feet of outdoor living space-perfect for gardening, dining, relaxing or entertaining. Open and light filled floor plain with engineered hardwood floors throughout the main living areas. Spacious primary suite with double closets, a walk-in shower, and private east facing balcony. Second bedroom with direct access to west facing balcony and adjacent full bath. Electric fireplace, in-unit laundry with new hot water heater. Washer and dryer included. Secure garage, parking conveniently located near building entrance. This condo community offers resort style amenities, including an indoor saltwater pool and hot tub with expansive sun deck. Newly renovated men and women's locker rooms, fitness center with weight and cardio equipment. Enjoy the outdoor pool with its own patio, ideal for hosting parties or soaking up the sun. 53 guest parking spaces unheard of downtown, 24 hour concierge, on MAX and bus line, street car one block north, minutes to OHSU, Portland State and the downtown cultural district. Stroll the Halprin Park Sequence to River Place Esplanade shops and restaurants, theaters and water front trails. Pet friendly community with no rental cap offering flexibility for both home owners and investors. If you have been searching for a home that combines indoor comfort with exceptional outdoor living, unbeatable amenities and outstanding value in the heart of Portland this is the one.

2309 SW 1ST AVE Unit #242, Portland

$500,000
737111963 MLS
Rare opportunity to acquire 3 contiguous parcels of leased land at the west end of the Ross Island Bridge in a rapidly evolving South Waterfront area, with the additional option to purchase the adjacent residential property at 3029 S Water Ave, currently under the same ownership. The combined lots have official dimensions of 106’ x 50’ (5,300 SF), however the site includes an existing irregularly shaped, paved and fully fenced parking lot closer to 7,500 SF. During future land use review, a buyer pursuing development would have a strong likelihood of city approval to utilize the full existing paved area, creating meaningful upside. The property is currently leased to a towing company through March 2028 at $2,500/month with 3% annual increases, providing approximately $30,000 in annual income with virtually no owner responsibilities beyond property taxes, making this an ideal low-management asset. Zoned CI2, a designation intended for educational uses but comparable to CM3 in nearly every practical respect, allowing for a wide range of commercial and mixed-use development options. The parcels do not have individual addresses but are located immediately adjacent to 3029 S Water Ave. Tax ID numbers are R128811, R128810, and R128809. Situated near OHSU, multiple planned mixed-use developments, and the proposed future site of a Portland MLB stadium, this location offers strong long-term fundamentals. The property is also located within an Opportunity Zone, providing potential tax advantages for qualified buyers. Offered at $500,000, the existing income represents a 6% cap rate, allowing an investor or developer to acquire hassle-free leased land while land banking and covering holding costs until ready to build.

0000 S WATER AVE, Portland

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The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.