Discover a rare opportunity to own a substantial property tucked into Portland's Northwest hills near Forest Park. This .48 acre lot consists of three parcels and is believed to be the largest combined property with the least amount of sloping in the Waldemere subdivision. Zoned R7, the property offers single family or multi family development potential. There are no other homes located on Mackay and this lot is at the end of the road, where Firelane 9 begins. Willamette river and territorial views. The existing concrete wall is the remnants of the Waldemere Reservoir, historically used for fire suppression in the area until water main systems were integrated. Natural gas, water, sewer, electricity available in vacinity. A nearby PGE transmission reliability project is currently under land-use review, with a public hearing scheduled for October 14th, 2026. The proposed project would extend electric service in the surrounding area. Buyer to perform all due diligence regarding zoning, property lines, utility availability, developmental potential, permits with City of Portland.
Active
$150,000
NW Mackay Ave, Portland, OR 97231
--beds
0baths
0.48Acres
Unimproved Land, Multi Family
Built in ----
0.48 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 14 days
- 212
- 18
Zillow last checked:
Listing updated:
Listed by:
Hailee Surney 971-917-7133,
Keller Williams PDX Central
Source: RMLS (OR),MLS#: 399327284
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Video & virtual tour
Property
Features
- Has view: Yes
- View description: Park/Greenbelt, River, Trees/Woods
- Has water view: Yes
- Water view: River
Lot
- Size: 0.48 Acres
- Features: Private, Trees, Wooded, Gentle Sloping, SqFt 20000 to Acres1
Details
- Additional parcels included: 12-14
- Parcel number: R297605
- Zoning: R7
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
Community
- Subdivision: Waldemere
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Tax assessed value: $44,300
- Annual tax amount: $803
- Date on market: 10/1/2026
- Listing terms: Cash,Conventional,Other
- Road surface type: Unimproved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2026 | Listed for sale | $150,000+114.3% |
Source:  RMLS (OR) #399327284 Report a problem | ||
| 11/18/2025 | Sold | $70,000-11.4% |
Source: RMLS (OR) #24403490 Report a problem | ||
| 10/27/2025 | Pending sale | $79,000 |
Source: RMLS (OR) #24403490 Report a problem | ||
| 9/5/2025 | Price change | $79,000-20.2% |
Source: RMLS (OR) #24403490 Report a problem | ||
| 6/17/2025 | Price change | $99,000-16.8% |
Source: RMLS (OR) #24403490 Report a problem | ||
| 5/2/2025 | Price change | $119,000-14.7% |
Source: RMLS (OR) #24403490 Report a problem | ||
| 1/10/2025 | Price change | $139,500-6.7% |
Source: RMLS (OR) #24403490 Report a problem | ||
| 11/11/2024 | Listed for sale | $149,500+205.1% |
Source: RMLS (OR) #24403490 Report a problem | ||
| 12/25/2020 | Listing removed | -- |
Source:  RMLS (OR) Report a problem | ||
| 7/12/2020 | Price change | $49,000-18.3% |
Source: Windermere Realty Trust #20356212 Report a problem | ||
| 7/1/2020 | Listed for sale | $60,000 |
Source: Windermere Realty Trust #20356212 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $803 +2.8% | $33,710 +3% |
| 2024 | $781 -3.8% | $32,730 +3% |
| 2023 | $812 -0.5% | $31,780 +3% |
| 2022 | $816 +15.9% | $30,860 +3% |
| 2021 | $704 +11.2% | $29,970 +3% |
| 2020 | $633 +2.6% | $29,100 +3% |
| 2019 | $617 | $28,260 +3% |
| 2018 | $617 -0.3% | $27,440 +3% |
| 2017 | $619 +19% | $26,650 +3% |
| 2016 | $520 | $25,880 +3% |
| 2015 | $520 +10.9% | $25,130 +3% |
| 2014 | $469 +13.5% | $24,400 |
| 2013 | $414 +6.2% | $24,400 |
| 2012 | $389 +0.4% | $24,400 |
| 2011 | $388 -0.6% | $24,400 |
| 2010 | $390 -0.4% | $24,400 |
| 2009 | $392 +1.2% | $24,400 |
| 2008 | $387 -0.4% | $24,400 |
| 2007 | $389 +0.7% | $24,400 |
| 2006 | $386 -0.4% | $24,400 |
| 2005 | $388 -6.2% | $24,400 +0.8% |
| 2004 | $413 +0.3% | $24,200 +3% |
| 2003 | $412 -0.3% | $23,500 +3% |
| 2002 | $413 +7.8% | $22,820 +6% |
| 2000 | $383 | $21,520 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Forest Park - Linnton
Nearby schools
Schools provided by the listing agent
- Elementary: Skyline
- Middle: Skyline
- 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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