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
- 23 days |
- 354 |
- 8 |
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
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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 | Price change | $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 | $191,270 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Homestead
Nearby schools
GreatSchools rating
- 9/10Ainsworth Elementary SchoolGrades: K-5Distance: 1 mi
- 6/10West Sylvan Middle SchoolGrades: 6-8Distance: 3.6 mi
- 8/10Lincoln High SchoolGrades: 9-12Distance: 1.5 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Multnomah County
- Portland
- 97239
- Homestead
- 909 SW Gaines St
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Nearby neighborhoods
Nearby zip codes
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