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Residential Land for Sale in Portland, Oregon

4142 SW Hamilton St, Portland, OR 97221

$549,000
0.39 acres
Active
$25k drop
Est $4,141/mo

Just a 2-minute walk to Hamilton Park and Bridlemile Elementary, this rare property in a beloved SW Portland neighborhood is ready for your vision. The existing home is livable and financeable with conventional lending-offering a unique path to secure buildable land without the typical cash-only hurdle. This lot .39 acre lot offers the chance to build your dream home on a quiet dead-end street, and features mature landscaping, including fruit trees and a striking Sequoia. According to the City Planning Department, you could build either a single home with up to 4,000 SF on the main floor and two detached ADUs, or two side-by-side attached luxury homes (sharing just one wall) with up to 2,000 SF on each main level. These images feature Villa M, a project in Dunthorpe designed in collaboration by Grummer and Metta Architecture. The project offers a glimpse of the refined, modern architecture that could be envisioned for this site. Repurpose existing utilities, reduce permitting costs, and bring your dream to life in one of Portland's most sought-after neighborhoods.

Location

Street address
4142 SW Hamilton St
Elevation
374 feet
Coordinates
45.4904, -122.7197

Directions

Corner of SW Hamilton and SW 42nd

Property details

Lot size
0.39 acres16,988 sq ft
Zoning
R-7
MLS #
RMLS 235539480
Posted

Parcels

  • R328686

Legal description

Details and features

Listing

Type
Land
Subtype
Single Family Residence
Franchise
Independent

Nearby schools

NameLevelDistrictDescription
BridlemileElementary
West SylvanMiddle
LincolnHigh

Listing history

DateEventPriceChangeSource
Dec 3, 2025Price added$549,000RMLS
Nov 21, 2025Price removed$—RMLS
Nov 11, 2025Price drop$549,000$25,000 -4.4%RMLS
Sept 21, 2025Price drop$574,000$1,000 -0.2%RMLS
Aug 18, 2025Price drop$575,000$20,000 -3.4%RMLS
June 10, 2025New listing$595,000RMLS
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This 0.39-acre property is located at 4142 SW Hamilton St in Portland, OR 97221. The property is available for sale for $549,000.

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