Property details
About 5528 SE Rhone St
Prime Development Opportunity in Portland’s Foster-Powell Neighborhood! This cleared and prepped site offers remarkable flexibility, whether you choose to proceed with the nearly permit-ready condo project or reimagine the space for a different development. The current design includes plans for six beautifully designed, approximately 1,800 square foot condos, each offering three bedrooms, two and a half bathrooms, and optional rooftop decks to capture stunning Portland views. The purchase includes all architectural plans and engineering, with building permits potentially ready for issuance in as little as 60 days. This project is already well underway, with right-of-way improvements 90% approved, a fully paid and approved demolition permit for the existing structures, and certified completion of lead and asbestos abatement with close-out letters. Both underground oil tanks have also been professionally removed and cleared through DEQ. Whether building stylish new condos or pivoting to another multi-unit concept, this is a rare chance to create something special in a dynamic and highly desirable community. Bring your vision and take advantage of this nearly shovel-ready development opportunity.
Highlights
Summary
- Attached Garage: No
- List Price: $750,000
- Lot: Corner Lot
- Directions: Foster Rd, N on 56th
- Lot Size: 0.19 Acres
- MLS Number: 379652990
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Lovejoy Real Estate
- Office Phone: (503) 312-4642
- Listing Agent: Shayda Rohani, Jennifer Turner
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last updated on: 6/10/2025, 7:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$750,000
5528 SE Rhone St
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Price information
Property sales
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Tax history
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Nearby schools
8
Creston Elementary School
Public District EE-5
0.4 mi
•4701 SE Bush St
8
Atkinson Elementary School
Public District KG-5
0.6 mi
•5800 SE Division St
8
Arleta Elementary School
Public District KG-5
0.8 mi
•5109 SE 66th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,065. The majority of Portland, OR residents have income less than $<35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Tennis- Men's Tennis
Music Concerts
Where do the neighbors shop?
Crate & Barrel
Nordstrom Rack
H&M
Where do the neighbors go to eat?
Starbucks
The Cheesecake Factory
Chipotle
What do the neighbors drive?
BMW
Volvo
Volkswagen
What do the neighbors listen to?
News
Rhythmic Contemporary Hits- Alternative
Frequently asked questions
About 5528 SE Rhone St
The listing price of 5528 SE Rhone St property is $750,000.
The property 5528 SE Rhone St is land located in Portland, Oregon, 97206.
Active Listing: 5528 SE Rhone St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5528 SE Rhone St are: Creston Elementary School (GreatSchools Rating 8/10), Atkinson Elementary School (GreatSchools Rating 8/10), Arleta Elementary School (GreatSchools Rating 8/10), Bridger Elementary School (GreatSchools Rating 6/10), Hosford Middle School (GreatSchools Rating 7/10), Harrison Park Middle School (GreatSchools Rating 5/10), Franklin High School (GreatSchools Rating 7/10), Cleveland High School (GreatSchools Rating 5/10), Leodis V. McDaniel High School (GreatSchools Rating 6/10).
The property 5528 SE Rhone St is 0.19 acres.
This home is located at 5528 SE Rhone St in Portland, OR and zip code 97206 in the Foster-Powell neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 6, 2025 and is currently priced at $750,000.
Over 441 listings were sold over their listed price in May 2025 in Portland, OR. In the same period over 285 listings were sold below the listed price and 196 listings were sold for the listed price. The number of listings in Portland, OR increased by 15.4% between April and May 2025. While the average time on the market in May 2025 was 39 days, the median list price was $549,622.