About this home
DEVELOPMENT OPPORTUNITY: Entitled 8-Unit Site in Portland's Coveted West End -- 100% Inclusionary Zoning (IZ) Exempt. Avoid the multi-year planning hurdles. This premium corner parcel is sold fully de-risked and conceptually entitled, packaged with a formal Zoning Summary Memorandum (Perkins Thompson) validating a full 8-unit build, alongside an architectural massing study (Kaplan Thompson Architects). By staying under the city's 10-unit threshold, this project is entirely exempt from Portland's strict Inclusionary Zoning mandates, affordable housing quotas, and fee-in-lieu penalties. Unmatched natural topography unlocks spectacular, unobstructed inner harbor and active boatyard views that begin directly from the ground-level grass and expand into a panoramic sweep from the upper floors and potential 45-foot rooftop deck. The site sits entirely outside the Historic Overlay District, and the natural downhill slope perfectly accommodates street-level, tucked-under parking to drastically minimize excavation costs.
Listing last checked: Listing updated:
Listed by Listing Agent · Vitalius Real Estate Group, LLC · MLS #1659152
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Details at a glance
Building1 property facts
- Style
- Other
Land & utilities4 property facts
- Lot size
- 0.14 acres
- Water
- None
- Sewer
- None
- Zoning
- RN-4
Financial2 property facts
- Annual taxes
- $3,683
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $595,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,316 / monthAdjust
- Principal & interest
- $3,009
- Property tax
- $307
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $3,683. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 7 Orange Street
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Request a tour of 7 Orange Street and a Bean Group agent will help coordinate an available time with the listing side.
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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