Exceptional development opportunity in the heart of Garden Home. Rarely does a property with this kind of potential become available. This property offers a unique opportunity for builders, developers, investors, or those looking to create something special in one of Southwest Portland's most desirable and established neighborhoods. The existing home on .45 acres is considered a tear-down, making this a true land-value opportunity. With your vision of a new custom home or other possibilities, the dual tax lots provide flexibility for a variety of future uses. Buyers are encouraged to complete their own due diligence with Washington County regarding development potential, zoning, utilities, lot verification, and intended use. Located just minutes from Garden Home, Multnomah Village, Washington Square, parks, restaurants, and major commuter routes, this property combines outstanding convenience with exceptional long-term potential. Inner city opportunities like this are increasingly difficult to find. Bring your vision and unlock the possibilities.
Active
$400,000
7730 SW Oleson Rd, Portland, OR 97223
4beds
2,534sqft
:
Get pre-qualified$2,789/mo
Residential, Single Family Residence
Built in 1948
0.45 Acres Lot
$-- Zestimate®
$158/sqft
$-- HOA
What's special
- 2 days |
- 446 |
- 27 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Allison Fuller 503-975-9420,
Keller Williams Sunset Corridor
Source: RMLS (OR),MLS#: 301159892
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Main
Heating
- Forced Air
Appliances
- Included: Electric Water Heater
Interior area
- Total structure area: 2,534
- Total interior livable area: 2,534 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.45 Acres
- Features: Corner Lot, SqFt 20000 to Acres1
Details
- Parcel number: R218678
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Farmhouse
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
Condition
- Fixer
- New construction: No
- Year built: 1948
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Garden Home
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $158/sqft
- Tax assessed value: $480,500
- Annual tax amount: $5,031
- Date on market: 8/6/2026
- Listing terms: Cash
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Listed for sale | $400,000$158/sqft |
Source:  RMLS (OR) #301159892 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,032 +4.4% | $264,840 +3% |
| 2024 | $4,820 +6.4% | $257,130 +3% |
| 2023 | $4,529 +3.5% | $249,650 +3% |
| 2022 | $4,375 +3.7% | $242,380 |
| 2021 | $4,218 +3.1% | -- |
| 2020 | $4,090 +2.9% | $228,480 +3% |
| 2019 | $3,973 +3.4% | $221,830 |
| 2018 | $3,842 | $221,830 +6.1% |
| 2017 | $3,842 +7.6% | $209,100 +3% |
| 2016 | $3,571 | $203,010 +3% |
| 2015 | $3,571 +3.8% | $197,100 +3% |
| 2014 | $3,440 +4.7% | $191,360 +3% |
| 2013 | $3,286 +11.7% | $185,790 +3% |
| 2012 | $2,943 +2.7% | $180,380 -22.6% |
| 2011 | $2,866 +2.7% | $233,030 -12.6% |
| 2010 | $2,792 +2% | $266,750 -2.6% |
| 2009 | $2,736 +8.2% | $273,770 -6.5% |
| 2008 | $2,529 +1.6% | $292,650 -1.9% |
| 2007 | $2,489 +11.2% | $298,210 +9.8% |
| 2006 | $2,239 -10% | $271,640 +26.3% |
| 2005 | $2,487 +9.9% | $215,100 +11.5% |
| 2004 | $2,264 -6.4% | $192,980 +0.5% |
| 2003 | $2,419 +13.3% | $191,930 +9.5% |
| 2002 | $2,134 +3.3% | $175,280 +3.9% |
| 2001 | $2,066 +10.3% | $168,650 +1.7% |
| 2000 | $1,872 | $165,850 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97223
Nearby schools
GreatSchools rating
- 8/10Montclair Elementary SchoolGrades: K-5Distance: 0.9 mi
- 5/10Whitford Middle SchoolGrades: 6-8Distance: 1.3 mi
- 5/10Southridge High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: Montclair
- Middle: Whitford
- High: Southridge
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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