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240 NE M L KING BLVD Portland, OR $ 600,000
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$ 600,000 Get more info
240 NE M L KING BLVD
$ 600,000
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240 NE M L KING BLVD

Portland, OR, 97232
$ 600,000
Baths0.0

Monthly Estimate*

$ 3,694

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Studio

Lots and Land for sale in Portland, OR

for $600,000.

Seize this rare opportunity to acquire a developable 5,949 SF lot currently improved as a parking lot, located adjacent to I-84 and MLK Boulevard. EX Central Employment zoning allows high density residential, commercial, and light industrial uses, offering exceptional flexibility for mixed use or employment focused development. Prime urban infill location with excellent freeway access and strong visibility, well positioned for developers seeking a strategic site with long term upside in a central Portland corridor.

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Lots and Land Active

Price

$ 600,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 16,220

Style

MixedUse

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

513305407
Features
General
Utilities ElectricityAvailable PublicSewer WaterAvailable
Zoning EX
Property Subtype MixedUse
Current Use Commercial RawLand
Parcel Number R150150
County Multnomah
Property Type Land
HOA N
Other Structures Fenced
Status Active
Directions NE Mlk to NE Everett st
High School Cleveland
City Portland
Disclosures Disclosure
MLS Area _142
Listing Terms Cash Conventional
Elementary School Buckman
Tax Annual Amount 16220.75
Middle/Junior High School Hosford
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description EAST PORTLAND BLOCK 109 LOT 1 EXC PT IN ST N 15' OF LOT 2 EXC
ADU False
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Exterior
Lot Features CornerLot Gated
Road Surface Type Paved
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Internal Only
Street Number 1 240
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* Excluded Features
List By
John L. Scott Portland South

Broker

eduardo@reyesrealestate.net

Email

Affordability Calculator

$5,046
Per Month
73%
27%
0%
Monthly Principal & Interest
$3,694
Monthly Property Taxes
$1,352
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1950873 Elementary School
1950530 Middle School
Cleveland High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/7/2026$600,000 Listed Price

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240 NE M L KING BLVD, Portland, OR, 97232 is a Lots and Land for sale at $600,000. 240 NE M L KING BLVD is a studio with 0.0 baths. The property's zip code is 97232 which is in Portland, OR

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