Damonian Pike

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Listing provided courtesy of eXp Realty, LLC- MLS# 274208765MLS ProviderContact Information: 310-422-6044

540 S NEVADA STPortland, OR 97219

Vacant Land · 0.17 Acres
$595,000 Active

540 S NEVADA ST Overview

Time on Site:
271 days
Visits:
4

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.

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540 S NEVADA ST Facts & Features

  • Type Vacant Land
  • Lot 0.17 Acres

Details

General

School Information

  • Elementary School: Capitol Hill
  • Middle Or Junior School: Jackson
  • High School: Ida B Wells

Business Information

  • Current Use: Commercial

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 148 - Portland NW/ SW/ S, Raleigh Hills

Tax Information

  • Tax Annual Amount: 6573.54
  • Tax Year: 2024

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Other,Owner Will Carry
  • Parcel Number: R330285
  • Property Sub Type: Multi Family
  • Property Type: Land
  • Zoning: RM1

Interior

Exterior

Lot Information

  • Lot Size Acres: 0.17
  • Lot Size Square Feet: 7405.0
  • Road Surface Type: Paved

General Information

  • Other Structures: Commercial
  • Utilities: ElectricityAvailable,NaturalGasAvailable,PublicSewer,WaterAvailable

540 S NEVADA ST Neighborhood

Community

97219 (Portland) Demographics

41
Median Age
3,599
Population Density (per sq. mile)
73%
College Educated
$104,392
Estimated Median Income
12,811
Estimated Total Home Owners
4,883
Estimated Total Renters
72% / 28%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

540 S NEVADA ST Market Data

Based on the last 30 days in this zip code

$833,937
Average List Price
$358
Average Price per Square Foot
55
Properties Sold
71
Average Days on Market
284
Properties for Sale
Calculations provided by Reliance Network

540 S NEVADA ST History

Date Event Value Agent
10/1/2025Source: Regional MLS Added to Database
October 01, 2025