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SimpliHOM - Making Real Estate Simple

support@simplihom.com +1(855) 856-9466

Listed by eXp Realty, LLC • 310-422-6044

$ 549,999

Est. payment -/mo

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Active

540 S NEVADA ST Portland, OR 97219

7,405 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 274208765

HOA Y/N No

Annual Tax Amount $6,573

Tax Year 2024

Lot Size 7,405 Sqft

Property Sub-Type Multi Family

Property Description

A rare opportunity to preserve a piece of Portland history, 540 S Nevada St offers a 7,405 sq ft, nearly level lot in a prime Johns Landing location, zoned RM1, with a decommissioned pump house ready for its next chapter. The original pump and electrical equipment remains inside and conveys with the sale, and everything is disconnected and decommissioned. A buyer may preserve the structure and potentially repurpose it for commercial use, convert it to residential use and expand onto it, or tear it down and build new to maximize the building footprint and total unit count, subject to buyer due diligence. Based on Portland zoning, RM1 allows a minimum density of 1 dwelling per 2,500 sq ft of land, with no maximum density specified, offering flexibility for a multifamily vision on this 0.17 acre site. The seller may consider short-term owner-carried financing if needed, until construction financing funds or permits are fully approved. For a developer, a creative buyer, or someone who sees the potential in a truly unique structure, 540 S Nevada St offers history, flexibility, and a prime location in one rare offering.

Location

State OR

County Multnomah

Area _148

Zoning RM1

Exterior

Utilities Available ElectricityAvailable, NaturalGasAvailable, PublicSewer, WaterAvailable

Garage No

Schools

Elementary Schools Capitol Hill

Middle Schools Jackson

High Schools Ida B Wells

Others

Acceptable Financing Cash, Other, OwnerWillCarry

Listing Terms Cash, Other, OwnerWillCarry

Regional Multiple Listing Service (RMLS)

Nearby Locations

ABOUT US

Our Story

From Humble Beginnings to a Nationwide Movement

At simpliHŌM, we know firsthand that real estate is about more than houses — it’s about people, families, and the places they call home. Our journey didn’t begin in a boardroom or with limitless resources. It began with adversity.

Our Founder & CEO, Sean Miku, once found himself on food stamps, without a home, and forced to pick the lock on a water meter just to give his baby girl her first bath. Out of those struggles came a relentless determination to build something better — not only for his own family, but for every agent and client who deserved a simpler, more supportive way to experience real estate.

With just $30,000 and four agents, simpliHŌM was launched in 2018. From those humble beginnings, we’ve grown into a thriving, people-first brokerage spanning multiple states and serving thousands of agents nationwide — all driven by the same mission: Making Real Estate Simple.

Our Mission: Making Real Estate Simple

We believe real estate should be transparent, efficient, and personal. At simpliHŌM, relationships are at the heart of every transaction. Our mission is to remove the unnecessary complexity and stress, creating a seamless experience for clients and empowering agents to thrive.

Innovative Technology Meets Human

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(855) 856-9466

support@simplihom.com