About 909 Sw Gaines St
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. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10058334]
Features of 909 Sw Gaines St
| MLS® # | 692771136 |
|---|---|
| Price | $1,075,000 |
| Bedrooms | 3 |
| Bathrooms | 1.10 |
| Full Baths | 1 |
| Half Baths | 1 |
| Square Footage | 2,264 |
| Acres | 0.34 |
| Year Built | 1904 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Bungalow |
| Status | Active |
Community Information
| Address | 909 Sw Gaines St |
|---|---|
| Area | 148 - Portland NW/ SW/ S, Raleigh Hills |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97239 |
Amenities
| View | Territorial |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Full Basement, Partially Finished |
Exterior
| Exterior | Lap Siding |
|---|---|
| Roof | Composition |
School Information
| Elementary | Ainsworth |
|---|---|
| Middle | West Sylvan |
| High | Lincoln |
Additional Information
| Date Listed | June 4th, 2026 |
|---|---|
| Days on Market | 108 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Berkshire Hathaway HomeServices NW Real Estate |
|---|