For Sale177d on market
540 S Nevada St
Portland, OR, 97219 • Corbett-Terwilliger-Lair Hill • Multnomah County
$595,000
0.17 acLot
Property DNA
Existing Structures
Existing Structures
This home is getting attention
Listed 177 days ago · 228 views · 13 saves
Market activity
Demand and pricing signals for this listing
228 views
People checking out this listing
13 saves
Buyers have saved this home
177 days on market
Established listing
About this home
Lot
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.
Standout features identified
Our analysis highlights nearly level lot and decommissioned pump house as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,739/month
Principal & Interest$2,946
Property Tax$595
Insurance$198
Down payment20% ($119,000)
3%50%
Est. 6.30% rate · 30yr fixed · $476,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land, Multi Family
Parking & Outdoor
Lot7,405 sqft
Location & Tax
NeighborhoodCorbett-Terwilliger-Lair Hill
ZoningRM1
Annual tax$6,573
ParcelR330285
Features & details
3 categories of property features
Exterior Features
Lot Features
Gentle Sloping
Level
SqFt 7000 to 9999
Utilities
Electricity Available
Natural Gas Available
Water Available
Other Structures
Existing Structures
Listing insights
Market data and value estimates
StatusFor Sale
Days on market177
Tax rate0.96%
On marketOct 1, 2025
PostedOct 1, 2025
Last sold$450,000
MLS statusActive
MLS updatedMar 26, 2026
Tour days6
Views228
Favorites13
How are the schools in Portland?
3 schools rated nearby
Location
Portland, OR, 97219
Price history
4 events
DateEventPrice$/sqftSource
Oct 2, 2025Listed For Sale$595,000—RMLS (OR)
Jun 30, 2022Sold$450,000—RMLS (OR)
Jun 6, 2022Pending Sale$450,000—RMLS (OR)
Jun 2, 2022Listed For Sale$450,000—RMLS (OR)
Listed For Sale$595,000
Oct 2, 2025•RMLS (OR)
Sold$450,000
Jun 30, 2022•RMLS (OR)
Pending Sale$450,000
Jun 6, 2022•RMLS (OR)
Listed For Sale$450,000
Jun 2, 2022•RMLS (OR)
Tax history
11 years of records
YearTax paidAssessed value
Mar 27, 2025$6,819$253,290
Mar 27, 2024$6,574$245,920
Mar 27, 2023$12,505$238,760
Mar 27, 2022——
Mar 27, 2021——
Mar 27, 2020——
Mar 27, 2019——
Mar 27, 2018——
Mar 27, 2017——
Mar 27, 2016——
Mar 27, 2015——
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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