Unique Development Opportunity Near Downtown Portland – Level Lot with Sweeping City & Mountain Views Located just one mile southwest of downtown Portland, this exceptional level lot offers sweeping panoramic views of the city skyline and surrounding mountains, providing a stunning backdrop for a custom home or boutique development. Unlike the two adjacent lots across the currently undeveloped street—nestled in a natural, forested setting—this parcel boasts open vistas while still being minutes from the vibrant urban core. Zoned R5 with a Cz environmental overlay, the lot encourages thoughtful, environmentally sensitive design. Its gentle slope and open exposure make it ideal for a multi-level home that maximizes light, privacy, and breathtaking views. Whether you envision a modern architectural masterpiece or a warm Northwest contemporary, this site provides a remarkable canvas for creative building. Conveniently close to downtown Portland, OHSU, PSU, and lively cultural districts, this location offers easy access to public transportation, parks, trails, and bike routes, balancing spectacular views with urban convenience. Buyers should note the Cz overlay and lot characteristics may require environmental and geotechnical review during permitting. The opportunity to build a distinctive home with iconic views in this rare location is truly exceptional. Two additional lots across the undeveloped street are also available separately, offering a contrasting natural, wooded setting for expanded development possibilities or multiple custom homes. Whether you’re a developer, builder, or future homeowner, this property delivers a rare combination of panoramic views, proximity, and potential. Opportunities like this are scarce—bring your vision and make it yours.
Active
$200,000
25 SW Abernethy St, Portland, OR 97239
--beds
0baths
5,227Square Feet
Unimproved Land, Single Family Residence
Built in ----
5,227 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 375 days |
- 48 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Peter Clark 503-314-3404,
Keller Williams Realty Portland Premiere,
Alexander Clark 503-810-3295,
Keller Williams Realty Portland Premiere
Source: RMLS (OR),MLS#: 513187024
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Has view: Yes
- View description: City, Mountain(s), Territorial
Lot
- Size: 5,227 Square Feet
- Dimensions: 50 x 100
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: R129271
- Zoning: R5 C,z
Utilities & green energy
- Utilities for property: Electricity Available, Water Available
Community & HOA
Community
- Subdivision: Caruthers Add
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Tax assessed value: $240,000
- Annual tax amount: $2,462
- Date on market: 7/31/2025
- Listing terms: Cash,Conventional
- Road surface type: Dirt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2025 | Price change | $200,000-27.3% |
Source:  RMLS (OR) #513187024 Report a problem | ||
| 7/31/2025 | Listed for sale | $275,000 |
Source: RMLS (OR) #513187024 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,554 +3.7% | $94,890 +3% |
| 2024 | $2,463 +4% | $92,130 +3% |
| 2023 | $2,368 +2.2% | $89,450 +3% |
| 2022 | $2,317 +1.7% | $86,850 +3% |
| 2021 | $2,278 +9% | $84,330 +3% |
| 2020 | $2,090 +3.8% | $81,880 +3% |
| 2019 | $2,013 | $79,500 +3% |
| 2018 | $2,013 +3% | $77,190 +3% |
| 2017 | $1,954 +14% | $74,950 +3% |
| 2016 | $1,714 | $72,770 +3% |
| 2015 | $1,714 +2.7% | $70,660 +3% |
| 2014 | $1,669 +11.7% | $68,610 +3% |
| 2013 | $1,495 +10.6% | $66,620 +3% |
| 2012 | $1,352 +0.4% | $64,680 +3% |
| 2011 | $1,346 +1.6% | $62,800 +3% |
| 2010 | $1,325 +2.7% | $60,980 +3% |
| 2009 | $1,290 +5.9% | $59,210 +3% |
| 2008 | $1,218 +0.2% | $57,490 +3% |
| 2007 | $1,215 +11.4% | $55,820 +3% |
| 2006 | $1,091 +4.7% | $54,200 +3% |
| 2005 | $1,042 -3.3% | $52,630 +3% |
| 2004 | $1,077 +6.4% | $51,100 +3% |
| 2003 | $1,012 -0.9% | $49,620 +3% |
| 2002 | $1,022 +8.7% | $48,180 +6.1% |
| 2000 | $940 | $45,420 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Homestead
Nearby schools
GreatSchools rating
- 9/10Ainsworth Elementary SchoolGrades: K-5Distance: 1.4 mi
- 6/10West Sylvan Middle SchoolGrades: 6-8Distance: 4.1 mi
- 8/10Lincoln High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Ainsworth
- Middle: West Sylvan
- High: Lincoln
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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