Expansive, Sun-Filled Lot in Portland's Desirable Capisic/Rosemont Neighborhood A rare opportunity to build in one of Portland's most sought-after and convenient neighborhoods. This elevated and open lot offers approximately 40' of frontage and measures roughly 40' x ~163', totaling an impressive 6,520sf or 0.149 acres. Note - seller is willing to sell a larger portion - see listing for 13,200sf (.3 acres) for $345,000. The options in this coveted RN1 zone are as abundant as the sunlight -- perfect for a spacious single-family home, a single-family with ADU(s), or multiple units. The city's new Cottage Court use would allow for up to 12 smaller homes and might be the ideal path for a developer. Tucked into a quiet, residential setting, the lot is remarkably private. To the west, a historic single-family home; to the east, the landmark chapel of the former convent, now the Frances Wade House. The rear quarter of the property is wooded, wild, and wonderful natural backdrop. Whether you're envisioning a family compound, a multi-unit or condo development, or several single-family homes with potential for additional ADUs, this property can accommodate it all. You could even leverage the southern exposure to build an off-grid, net-zero energy home. Opportunities like this are few and far between -- bring your imagination and seize this chance before it's gone.