Opportunity knocks! Take advantage of this rare offering, a 7,400 SqFt nearly level lot, zoned RM1, in an absolutely prime location! Based on Portland zoning specs, this site allows for a MINIMUM of 1 dwelling per 2,500 SqFt of land with no maximum number of dwellings specified. The current decommissioned pump house can be preserved and potentially repurposed into some form of commercial use, converted into residential use & expanded onto, or torn down to build completely new and maximize the building footprint and total unit count. Buyer to do due diligence. Seller may consider owner carried financing for a limited term if needed, either until construction financing funds, or permits are fully approved.
Active
$549,999
540 S Nevada St, Portland, OR 97219
--beds
0baths
7,405Square Feet
Unimproved Land, Multi Family
Built in ----
7,405 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Nearly level lotDecommissioned pump house
- 358 days
- 159
- 6
Zillow last checked:
Listing updated:
Listed by:
Evan Nelson 310-422-6044,
eXp Realty, LLC
Source: RMLS (OR),MLS#: 274208765
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Lot
- Size: 7,405 Square Feet
- Features: Gentle Sloping, Level, SqFt 7000 to 9999
Details
- Additional structures: Existing Structures
- Parcel number: R330285
- Zoning: RM1
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Tax assessed value: $728,600
- Annual tax amount: $6,573
- Date on market: 10/1/2025
- Listing terms: Cash,Other,Owner Will Carry
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Price change | $549,999-7.6% |
Source:  RMLS (OR) #274208765 Report a problem | ||
| 10/2/2025 | Listed for sale | $595,000+32.2% |
Source: RMLS (OR) #274208765 Report a problem | ||
| 6/30/2022 | Sold | $450,000 |
Source: RMLS (OR) #22501520 Report a problem | ||
| 6/6/2022 | Pending sale | $450,000 |
Source: RMLS (OR) #22501520 Report a problem | ||
| 6/2/2022 | Listed for sale | $450,000 |
Source: RMLS (OR) #22501520 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,819 +3.7% | $253,290 +3% |
| 2024 | $6,574 -47.4% | $245,920 +3% |
| 2023 | $12,505 | $238,760 |
| 2022 | -- | -- |
| 2021 | -- | -- |
| 2020 | -- | -- |
| 2019 | -- | -- |
| 2018 | -- | -- |
| 2017 | -- | -- |
| 2016 | -- | -- |
| 2015 | -- | -- |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Corbett-Terwilliger-Lair Hill
Nearby schools
Schools provided by the listing agent
- Elementary: Capitol Hill
- Middle: Jackson
- High: Ida B Wells
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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