NW MACKAY AVE, Portland, OR 97231

Property Description

Discover a rare opportunity to own a substantial wooded property tucked into Portland’s Northwest hills near Forest Park. This offering consists of three parcels and is believed to be the largest combined property in the subdivision. Zoned R7, the property may offer potential for single-family, middle housing or multi-unit residential development, subject to confirmation of allowable density, lot configuration, environmental overlays and all applicable City of Portland development standards. Property may be a candidate for Oregon non-profit affordable-housing land-acquisition financing or partnership opportunities, subject to buyer, organization, property and proposed-project eligibility. Buyer to verify directly with Oregon Housing and Community Services. The peaceful, private-feeling setting is surrounded by mature trees, ferns and native vegetation, with a paved roadway along NW Mackay Avenue and river, territorial and industrial views visible from the surrounding area. Remnants of the original reservoir shell remain on the property, offering a unique connection to the site’s history. Recent utility-locate markings along the roadway identify water, sewer and NW Natural gas infrastructure in the vicinity. Markings do not confirm availability, capacity or connection to the property. A nearby PGE transmission reliability project is currently under land-use review, with a public hearing scheduled for October 14, 2026. The proposed project involves transmission-line and substation improvements in the surrounding area and does not confirm electrical service to these parcels. An environmental and site-feasibility study might be a logical next step, along with surveying and geotechnical review. Buyer to perform all due diligence regarding zoning, legal access, parcel boundaries, development potential, environmental conditions, utilities, permits and intended use.