640 SE 47TH AVE

A true hidden gem brimming with potential, perfectly positioned in one of PDX’s most desirable neighborhoods—just half a block from Belmont Street’s most popular restaurants, cafés, and shops. Develop your vision, pursue a profitable project, or create your own urban oasis—this exceptional opportunity offers flexibility rarely found in such a coveted location. The generous 50’ x 180’ lot spans approximately 9,000 square feet of valuable infill opportunity, zoned R2.5. The property includes an existing home that can be remodeled, with the ability to add additional units or pursue development behind it, fully leveraging the depth of the lot—or tear down and reimagine the site entirely. Opportunities of this scale, in this location, are increasingly rare, and the potential here is substantial. With immediate access to some of Portland’s most loved dining and shopping destinations, this is a compelling urban opportunity you won’t want to miss. Buyer to do their own due diligence with the city.