840 SW STEPHENSON ST, Portland, OR 97219

Property Description

Builders & Developers! Middle Housing Infill Options are available on this Lot. R10, 0.53-acre (23,086 sf) site in SW Portland, under 3/4 mile from Lake Oswego, with frontage on SW Stephenson St and SW Boones Ferry Rd. Seller’s 8-Home concept: Two detached Homes on Stephenson plus Two Triplexes, every home with its own GARAGE and on-site parking, very rare in today’s infill. Beginning Jan. 1, 2027, Oregon’s HB 2138 requires cities to allow attached (duplex, 3plex and-or 4plex) or detached Home configurations; Portland’s code update to implement it is in process. This site can use the Cottage Cluster code allowing up to 16 homes on this site & up to (18 with bonus units under the City’s draft), HB 2138 adds attached groupings of up to four. NO FAR limits apply. Lots can be created using an expedited Middle Housing Land Division. All Utilities available. Gentle slope, territorial views, daylight-basement potential. Site plans, utility layout, soil test and engineering available. Seller is a licensed Oregon Realtor. Buyer to verify zoning, density and all development information with the City.