# 540 S NEVADA St, Portland, OR 97219

> **TL;DR:** land, $595,000. Est. $2,578/mo. Listed 191 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $595,000 |
| Lot Size | 7,405 sqft (0.17 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 191 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,578 |
| **Total** | **$2,578** |

## Nearby Schools

- **Elementary:** Capitol Hill
- **Middle:** Jackson
- **High:** Ida B Wells

## Property Highlights

- 0.17 acre lot

## Description

### Agent Description
Opportunity knocks! Take advantage of this rare offering, a 7,400 SqFt nearly level lot, zoned RM1, in an absolutely prime location! Based on Portland zoning specs, this site allows for a MINIMUM of 1 dwelling per 2,500 SqFt of land with no maximum number of dwellings specified. The current decommissioned pump house can be preserved and potentially repurposed into some form of commercial use, converted into residential use & expanded onto, or torn down to build completely new and maximize the building footprint and total unit count. Buyer to do due diligence. Seller may consider owner carried financing for a limited term if needed, either until construction financing funds, or permits are fully approved.

## Location

- **Address:** 540 S NEVADA St, Portland, OR 97219
- **County:** Multnomah
- **Coordinates:** 45.472728, -122.672977
- **Google Maps:** https://www.google.com/maps?q=45.472728,-122.672977

## Listing Agent

- **Name:** Evan Nelson
- **Brokerage:** eXp Realty, LLC
- **Phone:** 3104226044
- **Email:** evan@the-egroup.com

## Primary Photo

![540 S NEVADA St - Primary Photo](http://lh.rdcpix.com/69528beba2b933051f1030e1447112dbl-f3735341718r.jpg)

*10 total photos available on [listing page](https://www.propertysimple.com/listing/540-s-nevada-st-portland-or-97219-74208765)*

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**MLS#:** 274208765 | **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/540-s-nevada-st-portland-or-97219-74208765)

---

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