Rare opportunity to acquire two adjacent tax parcels offered together in a prime inner NE Portland location! Located at 4136 NE Martin Luther King Jr Blvd and 4121 NE Grand Ave, these properties offer an exciting opportunity for builders, developers and investors looking for land in a highly desirable, established area. With frontage/access from both the MLK Jr Blvd and NE Grand Ave sides, the combined site offers added flexibility and possibilities for future development. Conveniently located near public transportation, restaurants, shopping, neighborhood amenities, major employment centers and easy access to downtown Portland. The surrounding area continues to see residential and mixed-use development, making this a compelling opportunity to hold or explore future development options. Both parcels, R207397 and R207401, are being sold together and will not be sold separately. Buyer to perform all due diligence with the City of Portland and appropriate agencies regarding zoning, allowable uses, development potential, utilities, permits and all other property information. Bring your vision and explore the possibilities of this unique two-parcel offering in the heart of NE Portland!
Active
$700,000
4121 NE Grand Ave, Portland, OR 97211
--beds
0baths
4,791Square Feet
Unimproved Land
Built in ----
4,791 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 54 days
- 29
- 3
Zillow last checked:
Listing updated:
Listed by:
Oksana Tsarenko 360-609-3465,
Keller Williams Realty Portland Premiere
Source: RMLS (OR),MLS#: 220432303
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Lot
- Size: 4,791 Square Feet
- Features: SqFt 3000 to 4999
Details
- Has additional parcels: Yes
- Parcel number: R207401
- Zoning: RM4D
Utilities & green energy
- Utilities for property: Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Annual tax amount: $643
- Date on market: 8/13/2026
- Listing terms: Cash,Conventional
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Listed for sale | $700,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: King
Nearby schools
Schools provided by the listing agent
- Elementary: Sabin
- High: Jefferson
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






