# 240 NE M L KING Blvd, Portland, OR 97232

> **TL;DR:** land, $600,000.
> View. Est. $2,600/mo. Listed 93 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $600,000 |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 93 |

## Why This Home Stands Out

- **Views** - City

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,600 |
| **Total** | **$2,600** |

## Nearby Schools

- **Elementary:** Buckman
- **Middle:** Hosford
- **High:** Cleveland

## Key Amenities

- View

## Description

### Agent Description
Seize this rare opportunity to acquire a developable 5,949 SF lot currently improved as a parking lot, located adjacent to I-84 and MLK Boulevard. EX Central Employment zoning allows high density residential, commercial, and light industrial uses, offering exceptional flexibility for mixed use or employment focused development. Prime urban infill location with excellent freeway access and strong visibility, well positioned for developers seeking a strategic site with long term upside in a central Portland corridor.

## Location

- **Address:** 240 NE M L KING Blvd, Portland, OR 97232
- **County:** Multnomah
- **Coordinates:** 45.524711, -122.661281
- **Google Maps:** https://www.google.com/maps?q=45.524711,-122.661281

## Listing Agent

- **Name:** Eduardo Reyes
- **Brokerage:** Keller Williams Realty Portland Premiere
- **Phone:** 9712821806
- **Email:** eduardo@reyesrealestate.net

## Primary Photo

![240 NE M L KING Blvd - Primary Photo](http://lh.rdcpix.com/70f261e72a7410fc6914ee21ed623d57l-f2071546683r.jpg)

*18 total photos available on [listing page](https://www.propertysimple.com/listing/240-ne-m-l-king-blvd-portland-or-97232-48098199)*

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**MLS#:** 448098199 | **Updated:** 2026-04-27
**Source:** listhub

*Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/240-ne-m-l-king-blvd-portland-or-97232-48098199)

---

## Structured Data

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  "name": "240 NE M L KING Blvd, Portland, OR 97232",
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  "datePosted": "2026-04-27",
  "price": 600000,
  "priceCurrency": "USD",
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