Blog Stories How Much is a Buildable Lot in Portland OR?

How Much is a Buildable Lot in Portland OR?

By Gavin Shettler, October 14, 2019

Good question!

In general, a 5000 sf buildable lot is on average $240,000. How do you find one you may ask? You don’t. They are a true unicorn to find one in inner Eastside Portland OR. Every once in a while one will come along. But a lot of times, they are sold off market to a developer. Such was the case for a recent sale of mine. The owner had a separate tax lot attached to their main property. It was more profitable to sell the tax lot to a builder, separately from the main lot and house. A buyer would only value the larger yard at an additional $30,000 at best. While the half lot on its own struck a value of $120,000. The difference in value was too much for the owner to pass up. Most buyers searching for a lot to build on end up having to find a house that needs to be torn down. This is definitely an added expense. Tearing down a house costs around $30,000. Its a tall order when the buy in just to get to a buildable lot is close to $300,000.

Gavin Shettler

Earth Advantage Principal Broker

I am a residential real estate broker at Living Room Realty serving Portland, Oregon, and the surrounding area. My clients love working with me for my honesty, integrity, and good communication. Real estate is more than just buying or selling a home, it’s about building authentic and lasting relationships between individuals, families, neighborhoods, and communities. Many of my clients are first-time home buyers, individuals who are ready for their second or third home purchase, people relocating to our area, and sellers who need an agent who understands the nuances of a specific neighborhood. My role as your agent includes facilitator, negotiator, advocate, advisor, and expert in the Portland Metro housing market. I am a certified Earth Advantage Broker and an Energy Trust Ally. I enjoy educating my clients about high efficiency homes and green technology applications. I have lived in Portland for over 20 years and love this city. My background is in Arts administration where I first owned and managed a commercial art gallery. I then founded and ran a non-profit visual arts center and last but not least managed and directed a large housing development of live/work spaces for artists. I live in the Montavilla neighborhood in NE Portland with my wife, Andrea and our children, Beatrise and Augustus. Along with our children we are happy to be parents to our three cats, Charlotte, Yogi and Ferocia. Our four chickens, a leopard gecko and beautiful dog named Lucy. About Living Room Realty, it is a leading real estate company that believes in community and connections. We have 120+ agents between four offices in inner Portland, a office in Vancouver, WA, and a office in Manzanita that serves the North coast of Oregon. We provide a wide range of services beyond residential real estate including rental management, tenant placement, and commercial real estate. Living Room is one of the only real estate companies with B-Corporation status in the nation. The company’s values include integrity, relevance and diversity. Our company was awarded the 2014 Business in Ethics Award for all small businesses in the state of Oregon. Gavin Shettler Principal Broker gavin@livingroomre.com 503-481-7450 Cell Assistant: Rose Romanick rose@livingroomre.com
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  • T: 503-481-7450
  • F: 503-961-8224
  • gavin@livingroomre.com

Gavin Shettler

Earth Advantage Principal Broker


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