110 NE 157TH AVE
Portland, OR, 97035 $ 499,999
Baths0.0 Monthly Estimate*
$ 3,157
Studio for $499,999. The lot size is 0.38.
DEVELOP, BUILD, HOLD, OR OCCUPY! Rare opportunity for builders, developers, investors, contractors, or buyers looking for long-term value. This unique property includes three adjoining tax lots totaling approximately 0.38 acres. The existing home sits on one lot, while the additional two parcels may offer future development potential. Buyer to complete all due diligence regarding buildability, development options, utilities, zoning, lot usage, and intended use.The existing home adds immediate value and flexibility. Live in it, rent it out, or use it while exploring future plans. The home features a spacious, light-filled floor plan with durable laminate flooring, 4 bedrooms, and 2 full bathrooms. A separate exterior entrance to the lower level creates flexible living options for multi-generational living, guest space, extended household needs, or possible rental income. Buyer to verify.The lower level includes a large family room, two generous bedrooms, a remodeled full bathroom, laundry area, and additional storage. A premium solar panel system will be paid off at closing with an acceptable offer, offering potential long-term energy savings. Kitchen appliances are included.Outside, the property offers rare space within city limits, with room for RV parking, equipment, storage, staging, gardening, or future development vision. Outdoor features include a firepit, unique stage platform, large outbuilding, and substantial open yard space.Convenient location just approximately 0.3 miles from Glenfair Elementary and minutes to shopping, dining, public transportation, and major commuter routes.Whether you are looking for your next development opportunity, a long-term hold, an income-producing property, or a home with multiple paths to value, this property offers flexibility that is hard to find. Bring your ideas and explore the possibilities!
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FeaturesGeneralUtilities ElectricityConnected NaturalGasConnected SeeRemarks Sewer500FeetPlus WaterAvailable
Zoning R5
Property Subtype SingleFamilyResidence
Tax Year 2025
Current Use Residential
Parcel Number R611030
County Multnomah
Property Type Land
HOA N
Other Structures Residence
Status Active
Directions NE Burnside to 157th. Right/North to this fabulous property.
High School Reynolds
City Portland
Disclosures Disclosure
MLS Area _142
Lot Size Square Feet 16552.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Glenfair
Tax Annual Amount 7844.56
Middle/Junior High School H.B. Lee
Virtual Tour https://vimeo.com/speedsphoto/download/1197501121/b1286dc8a6
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description PARTITION PLAT 2007-177 LOT 1 INC UND INT TRACT A
ADU False
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ExteriorLot Dimensions 16 590-3 LOTS
Lot Size Acres 0.38
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* Excluded FeaturesList Byrachel@rachelsheller.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,157
- Monthly Property Taxes
- $654
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyLots and land listings in Portland, OR
Average List Price $520,096
Percent of Sale Price 4%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1950239 Elementary School
1950965 Middle School
Reynolds High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/4/2026 | $499,999 | -2.44% | Price Down |
| 6/19/2026 | $512,500 | -2.38% | Price Down |
| 6/4/2026 | $524,999 | | Listed Price |