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Home + Sea Realty
0.48 Acres

Portland

$150,000

ActiveMLS®: 399327284Listing held by another brokerage, marked RMLS
Lot size
20,909 sqft
Property type
Land
Days on market
37

Overview

Seller open to seller-carried financing options! Contact your agent for details. Discover a rare opportunity to own nearly half an acre in Portland's scenic Northwest Hills near Forest Park. This approximately 0.48-acre property consists of three parcels and offers a relatively level setting compared to many surrounding properties in the Waldemere subdivision. Zoned R7, the property presents potential for residential development, subject to City of Portland approval and buyer verification. Situated at the end of NW Mackay Avenue, where Firelane 9 begins, the property offers a secluded setting with no other homes along the road, plus Willamette River and territorial views. A unique piece of local history remains on the property: a concrete wall from the former Waldemere Reservoir, once used for fire suppression before modern water infrastructure was established. Natural gas, water, sewer, and electrical infrastructure are believed to be available in the vicinity. A nearby PGE transmission reliability project has also been proposed, which may improve electrical infrastructure in the surrounding area. Bring your vision and explore the possibilities of this distinctive Northwest Portland property! Buyer to conduct all due diligence with the City of Portland and applicable utility providers regarding zoning, permitted uses, parcel boundaries, utility availability and connections, development feasibility, permits, and associated costs.

Details

Interior

Cooling
No
Heating
No

Exterior and lot

Lot size
20,909 sqft
Lot features
Private, Private Road, Trees, Wooded
View
Yes
View description
Park / Greenbelt, River, Trees / Woods

Schools

High school
Lincoln
Middle school
Skyline
Elementary school
Skyline

Location

City
Portland
County
Multnomah
Zoning
R7
Subdivision
Waldemere

Taxes and dues

Annual taxes
$803 (2025)

Location

NW Mackay Ave, Portland, OR 97231

Map showing the location of NW Mackay Ave, Portland, OR 97231
© Mapbox © OpenStreetMap

Monthly payment estimate

$865 /mo

20% · $30,000
7.00%
Principal and interest
$798
Property tax (2025)
$67
Total
$865

Estimate only, and not an offer of credit. Assumes 20% down ($30,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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To: Kat Wyzevich

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