Rare developer and investor opportunity directly across from OHSU Hospital and adjacent to the medical and nursing schools! This premium location features approximately 15,000 SF of land spanning 3 city lots zoned RM2. Excellent potential for future growth with the massive benefit of immediate holding income: the property features an existing 3-story, 3-bedroom residential home that is currently rented. Perfect for a covered land play while you finalize your development plans in a high-demand medical community footprint. The final listing photos showcase the incredible views captured from 25-45 feet above ground level. According to City of Portland Zoning Code, RM2 allows a 45-foot maximum height, generally up to 4 stories, with potential for a higher ratio via city-approved inclusionary housing. Buyer to independently verify any and all zoning code applications, restrictions, and development potential. Owner will consider owner financing terms.
Active
$1,075,000
909 SW Gaines St, Portland, OR 97239
3beds
2,264sqft
Multi Family
Built in 1904
-- sqft lot
$-- Zestimate®
$475/sqft
$-- HOA
What's special
- 131 days
- 165
- 2
Zillow last checked:
Listing updated:
Listed by:
Michael Beirwagen 503-810-0505,
Berkshire Hathaway HomeServices NW Real Estate,
Emilie Evans 971-221-5469,
Berkshire Hathaway HomeServices NW Real Estate
Source: RMLS (OR),MLS#: 625599636
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- Partial bathrooms: 1
Heating
- Forced Air
Appliances
- Included: Refrigerator, Gas Water Heater
Features
- Basement: Full,Partially Finished
Interior area
- Total structure area: 2,264
- Total interior livable area: 2,264 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.34 Acres
- Features: SqFt 15000 to 19999
Details
- Parcel number: R247185
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Lap Siding
- Roof: Composition
Condition
- Year built: 1904
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $475/sqft
- Tax assessed value: $1,232,960
- Annual tax amount: $10,774
- Date on market: 6/4/2026
- Listing terms: Cash,Conventional,Owner Will Carry,VA Loan
- Total actual rent: 1700
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Listed for sale | $1,075,000$475/sqft |
Source:  RMLS (OR) #692771136 Report a problem | ||
| 5/1/2026 | Listing removed | $1,075,000$475/sqft |
Source:  Berkshire Hathaway HomeServices NW #24385351 Report a problem | ||
| 9/12/2025 | Listed for sale | $1,075,000$475/sqft |
Source: Berkshire Hathaway HomeServices NW #24385351 Report a problem | ||
| 8/27/2025 | Listing removed | $1,075,000$475/sqft |
Source: Berkshire Hathaway HomeServices NW #24385351 Report a problem | ||
| 7/1/2025 | Listed for sale | $1,075,000-17.3%$475/sqft |
Source: Berkshire Hathaway HomeServices NW #24385351 Report a problem | ||
| 9/16/2024 | Listed for sale | $1,300,000+18.2%$574/sqft |
Source: Berkshire Hathaway HomeServices NW #24385351 Report a problem | ||
| 5/29/2020 | Listing removed | $1,100,000$486/sqft |
Source: Berkshire Hathaway HomeServices NW Real Estate #19309434 Report a problem | ||
| 1/6/2020 | Listed for sale | $1,100,000$486/sqft |
Source: Berkshire Hathaway HomeServices NW Real Estate #19309434 Report a problem | ||
| 10/10/2019 | Pending sale | $1,100,000$486/sqft |
Source: Berkshire Hathaway HomeServices NW Real Estate #19309434 Report a problem | ||
| 10/2/2019 | Listed for sale | $1,100,000+450%$486/sqft |
Source: Berkshire Hathaway HomeServices NW Real Estate #19309434 Report a problem | ||
| 3/26/1998 | Sold | $200,000$88/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,775 +3.7% | $400,260 +3% |
| 2024 | $10,388 +4% | $388,610 +3% |
| 2023 | $9,989 +2.2% | $377,300 +3% |
| 2022 | $9,772 +1.7% | $366,320 +3% |
| 2021 | $9,607 +9% | $355,660 +3% |
| 2020 | $8,813 +3.8% | $345,310 +3% |
| 2019 | $8,489 | $335,260 +3% |
| 2018 | $8,489 +3% | $325,500 +3% |
| 2017 | $8,239 +14% | $316,020 +3% |
| 2016 | $7,226 | $306,820 +3% |
| 2015 | $7,226 +2.7% | $297,890 +3% |
| 2014 | $7,037 +3.9% | $289,220 +3% |
| 2013 | $6,770 +10.5% | $280,800 +3% |
| 2012 | $6,124 +3.9% | $272,630 +3% |
| 2011 | $5,892 +5.5% | $264,690 +3% |
| 2010 | $5,584 +2.7% | $256,990 +3% |
| 2009 | $5,436 +5.9% | $249,510 +3% |
| 2008 | $5,132 +0.2% | $242,250 +3% |
| 2007 | $5,121 +11.4% | $235,200 +3% |
| 2006 | $4,598 +4.8% | $228,350 +3% |
| 2005 | $4,390 -6.8% | $221,700 +3% |
| 2004 | $4,711 +5.9% | $215,250 +3% |
| 2003 | $4,449 +6.6% | $208,990 +3% |
| 2002 | $4,175 +4.2% | $202,910 +6.1% |
| 2000 | $4,007 | $191,270 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Homestead
Nearby schools
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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