5581 NE Simpson ST, Portland, OR 97218

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Sold Price
$250,000
List Price
$250,000
Closing Date
Mar 16, 2026
Days on Market
262
MLS#
556164386
Property Type
Land
Lot Size
7, 000 to 9, 999 SqFt
Region
Portland Northeast
Status
SOLD

Property Description

Offer deadline 1/31/2026 @ 5PM. Start building NOW! Don't miss this opportunity to purchase a .20 acre (8500 sqft) lot with FULLY APPROVED PERMITS. LTIC fees have been paid, with no additional right-of-way improvements necessary. Drawing set ready to build 4-townhome, 1100 sq ft units, 2beds, 2.1baths, assigned off-street parking per unit, private patios, & generous fenced yards. Units are eligible for SDC exemption program. This lot is located on a quiet bike street with quick access to parks, PDX airport, Cascade Station, Fremont, Concordia, Kennedy School, grocery stores, breweries, coffee shops, and food carts. Great for commuters with quick access to I-205 and I-84.

Additional Information

High School
Leodis McDaniel
Elementary School
Rigler
Middle School
Beaumont
Acres
0.20
Subdivision
CULLY NEIGHBORHOOD
Property Type
Multi Family
Lot Size Dimension
93.36x12+117.6x62.75
Terms
Call Listing Agent, Cash, Conventional
Utilities Included
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Public Sewer, Water Available
Number Of Lots Total
1
Road Frontage Yn
Yes
Present Use
Raw Land
Road Surface
Paved

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Professionals. Selling Office: Works Real Estate.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.