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Investment Highlights

  • Assemblage totaling ±3.03 acres across four tax lots within an established residential neighborhood.
  • Two parcels with existing tenants provide cash flow during entitlement or planning phases.
  • Located near major employers including Nike, Intel, and Columbia Sportswear, reinforcing demand for housing.
  • R-5 and R-9 zoning supports a range of low- and medium-density housing types.
  • Convenient access to Highway 217 and the larger Portland metro transportation network.
  • Wetland delineation completed, streamlining initial due diligence for development planning.

Executive Summary

Norris & Stevens Inc., as the exclusive listing agent, is pleased to present for purchase three development parcels located in the Garden Home neighborhood of southwest Portland, in Washington County. The subject parcels are situated in a low-density residential setting, with one parcel vacant and the other two with current renters in place. The R-5 and R-9 zoning support low to medium density housing opportunities across all four tax lots. Garden Home's location offers convenient access to Highway 217 and the broader Portland metro area, while maintaining the quiet, established character of a mature southwest Portland neighborhood — making it an attractive setting for residential infill development. The portfolio is being offered as a combined acquisition or individually, providing flexibility for developers and investors of varying scale.

Property Facts

Price $550,000 - $1,775,000
Sale Type Investment
No. Lots 3
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 3.03 AC
Zoning R-5/R-9

3 Lots Available

Lot 8145

Price $675,000
Price Per AC $668,316.83
Lot Size 1.01 AC

8145 SW Oleson Rd offers a unique infill redevelopment opportunity in SW Portland. The 0.19-acre R-9 zoned site with a tenant-occupied home can be combined with 8125 SW Oleson Rd for a rare 1.01-acre assemblage, generating income and future developme

Lot 8125

Price $550,000
Price Per AC $670,731.71
Lot Size 0.82 AC

8125 SW Oleson Rd offers a prime investment in SW Portland’s Garden Home/Whitford area. The 0.82-acre R-5 zoned site includes a tenant-occupied home, providing rental income now and strong redevelopment potential for future residential projects.

Lot 8105

Price $550,000
Price Per AC $458,333.33
Lot Size 1.20 AC

8105 SW Oleson Rd is a 1.20-acre flat, vacant site in Portland’s desirable Garden Home/Raleigh Hills area. Zoned R-5, it offers potential for multiple single-family homes, ideal for infill development in a supply-constrained residential market.

Description

The Garden Home Portfolio consists of four contiguous tax lots totaling approximately 3.03 acres on SW Oleson Road in Portland, Oregon. Parcels are zoned R-5 and R-9 under Washington County jurisdiction, permitting residential uses at varying densities. Current site conditions include one vacant parcel and two parcels with existing single-family residences. The location offers direct access to Highway 217 with connections to downtown Portland and neighboring employment centers. The surrounding area comprises established residential neighborhoods and access to retail, schools, and regional amenities.

Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 41128235

  • Date on Market: 7/1/2026

  • Last Updated:

  • Address: 8105-8145 SW Oleson Rd, Portland, OR 97223

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