About 540 S Nevada St
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.
Features of 540 S Nevada St
| MLS® # | 274208765 |
|---|---|
| Price | $595,000 |
| Bathrooms | 0.00 |
| Acres | 0.17 |
| Type | Land |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 540 S Nevada St |
|---|---|
| Area | 148 - Portland NW/ SW/ S, Raleigh Hills |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97219 |
Amenities
| Utilities | Electricity Available, Natural Gas Available, Public Sewer, Water Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
School Information
| Elementary | Capitol Hill |
|---|---|
| Middle | Jackson |
| High | Ida B Wells |
Additional Information
| Date Listed | October 1st, 2025 |
|---|---|
| Days on Market | 10 |
| Zoning | RM1 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | eXp Realty, LLC |
|---|---|
| Contact Info | 310-422-6044 |