For Sale79d on market
240 NE M L King Blvd
Portland, OR, 97232 • Kerns • Multnomah County
$600,000
Property DNA
City Views
City
Market activity
Demand and pricing signals for this listing
137 views
People checking out this listing
6 saves
Buyers have saved this home
79 days on market
Established listing
About this home
Lot
Seize this rare opportunity to acquire a developable 5,949 SF lot currently improved as a parking lot, located adjacent to I-84 and MLK Boulevard. EX Central Employment zoning allows high density residential, commercial, and light industrial uses, offering exceptional flexibility for mixed use or employment focused development. Prime urban infill location with excellent freeway access and strong visibility, well positioned for developers seeking a strategic site with long term upside in a central Portland corridor.
Standout features identified
Our analysis highlights strong visibility, excellent freeway access, and prime urban infill location as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,770/month
Principal & Interest$2,970
Property Tax$600
Insurance$200
Down payment20% ($120,000)
3%50%
Est. 6.30% rate · 30yr fixed · $480,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
Parking & Outdoor
FencingFenced
Location & Tax
NeighborhoodKerns
ZoningEX
Annual tax$16,220
ParcelR150150
Features & details
3 categories of property features
Exterior Features
Lot Features
Corner Lot
Gated
Level
SqFt 5000 to 6999
Views
City
Utilities
Electricity Available
Water Available
Listing insights
Market data and value estimates
StatusFor Sale
Days on market79
Tax rate0.96%
On marketJan 7, 2026
PostedJan 7, 2026
MLS statusActive
MLS updatedMar 25, 2026
Tour days6
Views137
Favorites6
How are the schools in Portland?
3 schools rated nearby
Location
Portland, OR, 97232
Price history
1 event
DateEventPrice$/sqftSource
Jan 7, 2026Listed For Sale$600,000—John L Scott Real Estate
Listed For Sale$600,000
Jan 7, 2026•John L Scott Real Estate
Nearby homes
Neighborhood details
Local context around this listing
Portland, OR • Multnomah County
Nearby neighborhoods
Cedar MillCentennialDowntownHazelwoodLentsMontavillaNorthwestPowellhurst GilbertRichmondSt.Johns
Nearby cities
Bridal VeilCorbettFairviewGreshamPortlandRhododendronTroutdaleWood Village
Nearby zip codes
97202972039720697217972199722997230972339723697266
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