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$1,075,000

  • For Sale
  • Active
  • Multi-Family
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Rare developer and investor opportunity directly across from OHSU Hospital and adjacent to the medical and nursing schools! This premium location features approximately 15,000 SF of land spanning 3 city lots zoned RM2. Excellent potential for future growth with the massive benefit of immediate holding income: the property features an existing 3-story, 3-bedroom residential home that is currently rented. Perfect for a covered land play while you finalize your development plans in a high-demand medical community footprint. The final listing photos showcase the incredible views captured from 25-45 feet above ground level. According to City of Portland Zoning Code, RM2 allows a 45-foot maximum height, generally up to 4 stories, with potential for a higher ratio via city-approved inclusionary housing. Buyer to independently verify any and all zoning code applications, restrictions, and development potential. Owner will consider owner financing terms.

Full Property Details for 909 SW Gaines St

General

  • Price: $1,075,000
  • Taxes: $10,774
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 625599636
  • Updated: 6/9/2026
  • Added to Site: 40 day(s) ago

Rental Information

  • Rent Includes: None

Parking

  • Total Spaces: 4
  • Parking Features: Driveway

Location

  • County: Multnomah
  • Driving Directions: Adjacent to OHSU Nursing School to the west.

School Information

  • Elementary School: Ainsworth
  • Middle School: West Sylvan
  • High School: Lincoln

Community

  • Community Name: 148 - Portland NW/ SW/ S, Raleigh Hills

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Full Basement, Partially Finished
  • Roof: Composition
  • Square Feet: 2,264
  • Year Built: 1904

Lot Features

  • Lot Size (Acres): 0.34
  • Lot Size (Sq. Ft.): 14,810
  • Lot Size: 15, 000 to 19, 999 SqFt
  • Frontage: Paved

Financial Considerations

  • Operating Expenses: $10,775
  • Tax Amount: $10,774.96
  • Terms: Cash, Conventional, Owner Will Carry, VA Loan

Disclosures and Reports

  • Legal Description: PORTLAND CITY HMSTD, BLOCK 49, LOT 1-3
  • Property ID: R247185

Listed by Berkshire Hathaway HomeServices NW Real Estate (503) 624-9660, Michael Beirwagen (503) 810-0505 and Berkshire Hathaway HomeServices NW Real Estate (360) 687-4942, Emilie Evans (971) 221-5469

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Listing agents

— 909 SW Gaines St —

  • Michael Beirwagen

    Berkshire Hathaway HomeServices NW Real Estate

    503-624-9660

  • Emilie Evans

    Berkshire Hathaway HomeServices NW Real Estate

    360-687-4942

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Be ready to buy your new home!

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 909 SW Gaines St

School District:Portland School District 1j
NameGradesDistance
Ainsworth Elementary School
2425 Southwest Vista Avenue, Portland, OR 97201
K-51 mi
West Sylvan Middle School
8111 Southwest West Slope Drive, Portland, OR 97225
6-83.5 mi
Lincoln High School, Portland, OR
1750 Southwest Salmon Street, Portland, OR 97205
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 909 SW Gaines St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/04/2026
Listed
$1,075,000
437.5%
MLS
3/26/1998
Sold
$200,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 909 SW Gaines St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,775
4%
$400,260
3%
2024
$10,388
4%
$388,610
3%
2023
$9,989
4%
$377,300
6%
2021
$9,607
-2%
$355,660
-3%
2022
$9,772
2%
$366,320
6%
2021
$9,607
13%
$345,310
3%
2019
$8,489
3%
$335,260
3%
2018
$8,239
4%
$325,500
3%
2017
$7,897
9%
$316,020
3%
2016
$7,226
3%
$306,820
3%
2015
$7,037
2%
$297,890
3%
2014
$6,931
2%
$289,220
3%
2013
$6,770
—
$280,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 909 SW Gaines St

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Listed by Berkshire Hathaway HomeServices NW Real Estate (503) 624-9660, Michael Beirwagen (503) 810-0505 and Berkshire Hathaway HomeServices NW Real Estate (360) 687-4942, Emilie Evans (971) 221-5469

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Price Reduced near 909 SW Gaines St

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909 SW Gaines St, Portland, OR 97239 (MLS# 625599636) is a Multi-Family property with 1 unit containing 0 bedrooms and 0 full bathrooms. 909 SW Gaines St is currently listed for $1,075,000 and was received on June 04, 2026. Want to learn more about 909 SW Gaines St? Do you have questions about finding other Multi-Family real estate for sale in Seven Corners? You can browse all Seven Corners real estate or contact a Coldwell Banker agent to request more information.

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