This listing is NOT a foreclosure. Discover the potential of this rare 3.88-acre residential parcel ideally positioned for future developmet. With a brand-new subdivision nearing completion just down the road, the momentum for new housing in the area is already underway-making this an exciting opportunity for builders, developers, or investors looking to secure their next project. The existing home is currently owner-occupied, but the true value lies in the land and its development possibilities.Preliminary concepts suggest the potential for a thoughtfully designed residential community, with room for multiple homes (buyer to verify with city). A certified arborist tree inventory has already been completed, offering helpful insight for planning and site design. Early discussions indicate utilities such as water and sewer may be extended from the north side of the property, creating a logical path for future infrastructure (buyer to verify).Located along Butler Road, future development may include frontage improvements such as sidewalks and related enhancements, consistent with nearby new construction. Depending on final engineering, grading and retaining solutions may be incorpor
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ated into a cohesive subdivision design. The surrounding area is experiencing growth, and the nearby new subdivision highlights the strong demand for new homes in this desirable location.Builders may envision a boutique subdivision, a cluster of new homes, or even a luxury estate concept utilizing the full acreage. The existing residence provides flexibility for interim use while development plans are explored. Whether you're looking to build now or secure land for your next project, this property offers scale, flexibility, and timing aligned with nearby development activity.Opportunities of this size with development potential-especially near newly built communities-are increasingly hard to find. Bring your vision and explore the possibilities. Buyer to perform all due diligence regarding zoning, density, and utilities.This MLS Resale home is a single family home located in GRESHAM. It offers 3.88 acres in size, 2 beds and 1 baths. Review its detailed information and determine if this GRESHAM MLS Resale has the qualities you are looking for.
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This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
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Property Info
Property ID882763168
MLS Number24122340
Parcel NumberR240586
CountyMultnomah
Bedrooms2
Bathrooms1.0
Living Area1280
Year Built01/01/1942
Property TypeSingle Family Home
Lot Size3.88 acres
Stories1
Total Units1
BasementUnfinished Basement
HeatingForced air unit
CoolingCentral
Roof TypeComposition Shingle
Exterior WallsWood
Legal DescriptionPARTITION PLAT 1999-73, LOT 2 INC PT IN ST
ZoningLDR
rto financingtrio
Property Brokerage:
Keller Williams PDX Central