640 SE 47TH AVE

Portland, OR 97215

Redevelopment opportunity in Portland’s Sunnyside neighborhood offering a well-located land value play for investors and builders. The property spans approximately 0.21 acres with favorable 50 × 180 dimensions and is zoned R2.5, providing flexibility for future residential use consistent with zoning allowances, subject to buyer due diligence and City approvals. An existing residence is currently located on the property, with sewer, water, and electric services already present and available for connection, potentially reducing upfront infrastructure costs. The site is being marketed primarily for its land value and redevelopment potential rather than the existing structure. Positioned near the Belmont and Hawthorne corridors, the location benefits from strong housing demand, walkability, transit access, and proximity to neighborhood amenities that continue to support long-term value in the Sunnyside area. An attractive opportunity for those seeking to reposition a sizable infill lot in one of Southeast Portland’s most established residential neighborhoods.

Listing courtesy of Darryl Bodle of Keller Williams Realty Portland Premiere (503) 709-4632



The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

Last checked 2026-01-30 02:08 AM PST.

All information provided is deemed reliable but is not guaranteed and should be independently verified