Just a 2-minute walk to Hamilton Park and Bridlemile Elementary, this rare property in a beloved SW Portland neighborhood is ready for your vision. The existing home is livable and financeable with conventional lending—offering a unique path to secure buildable land without the typical cash-only hurdle. This lot .39 acre lot offers the chance to build your dream home on a quiet dead-end street, and features mature landscaping, including fruit trees and a striking Sequoia. According to the City Planning Department, you could build either a single home with up to 4,000 SF on the main floor and two detached ADUs, or up to 3 side-by-side attached luxury townhomes. These images feature Villa M, a project in Dunthorpe designed in collaboration by Grummer and Metta Architecture. The project offers a glimpse of the refined, modern architecture that could be envisioned for this site. Repurpose existing utilities, reduce permitting costs, and bring your dream to life in one of Portland’s most sought-after neighborhoods.
Active
Price cut: $9K (3/17)
$540,000
4142 SW Hamilton St, Portland, OR 97221
--beds
0baths
0.39Acres
Unimproved Land, Single Family Residence
Built in ----
0.39 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Fruit treesMature landscapingStriking sequoiaQuiet dead-end street
- 311 days |
- 223 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Kathleen O'Donnell 503-519-3400,
ODonnell Group Realty,
Caitlin Riley 971-533-3183,
ODonnell Group Realty
Source: RMLS (OR),MLS#: 235539480
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.39 Acres
- Features: Level, SqFt 15000 to 19999
Details
- Additional structures: Existing Structures, Garage
- Parcel number: R328686
- Zoning: R-7
Utilities & green energy
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected, Cable Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Tax assessed value: $718,800
- Annual tax amount: $11,356
- Date on market: 6/10/2025
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2026 | Price change | $540,000-1.6% |
Source:  RMLS (OR) #235539480 Report a problem | ||
| 11/10/2025 | Price change | $549,000-4.4% |
Source: RMLS (OR) #235539480 Report a problem | ||
| 9/21/2025 | Price change | $574,000-0.2% |
Source: RMLS (OR) #235539480 Report a problem | ||
| 8/18/2025 | Price change | $575,000-3.4% |
Source: RMLS (OR) #235539480 Report a problem | ||
| 6/10/2025 | Listed for sale | $595,000+158.7% |
Source: RMLS (OR) #235539480 Report a problem | ||
| 1/22/1997 | Sold | $230,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,780 +3.7% | $437,590 +3% |
| 2024 | $11,356 +4% | $424,850 +3% |
| 2023 | $10,920 +2.2% | $412,480 +3% |
| 2022 | $10,683 +1.7% | $400,470 +3% |
| 2021 | $10,503 +9% | $388,810 +3% |
| 2020 | $9,634 +3.8% | $377,490 +3% |
| 2019 | $9,280 | $366,500 +3% |
| 2018 | $9,280 +3% | $355,830 +3% |
| 2017 | $9,007 +14% | $345,470 +3% |
| 2016 | $7,900 | $335,410 +3% |
| 2015 | $7,900 +2.7% | $325,650 +3% |
| 2014 | $7,693 +21.9% | $316,170 +3% |
| 2013 | $6,313 +12.5% | $306,970 +3% |
| 2012 | $5,610 -1.4% | $298,030 +3% |
| 2011 | $5,692 -5.8% | $289,350 +3% |
| 2010 | $6,043 +1.7% | $280,930 +3% |
| 2009 | $5,942 +5.9% | $272,750 +3% |
| 2008 | $5,610 +0.2% | $264,810 +3% |
| 2007 | $5,598 +11.4% | $257,100 +3% |
| 2006 | $5,027 +4.8% | $249,620 +3% |
| 2005 | $4,799 -6.9% | $242,350 +3% |
| 2004 | $5,152 +4.3% | $235,300 +3% |
| 2003 | $4,942 +7.3% | $228,450 +3% |
| 2002 | $4,607 +8.5% | $221,800 +6.1% |
| 2000 | $4,248 +4.3% | $209,070 +3% |
| 1999 | $4,073 | $202,990 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Bridlemile
Nearby schools
GreatSchools rating
- 9/10Bridlemile Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10Gray Middle SchoolGrades: 6-8Distance: 1 mi
- 8/10Ida B. Wells-Barnett High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Bridlemile
- Middle: West Sylvan
- High: Lincoln
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Multnomah County
- Portland
- 97221
- Bridlemile
- 4142 SW Hamilton St
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