$487,727
16421 SE Webster Rd, Portland, OR 97267
Bungalow on .53-Acre Corner Lot — Garden, Expand, or Build ADU
3 Bed · 1.5 Bath · 1,163 Sq Ft
Rare oversized in-city lot with immediate livability and long-term upside.
3
Beds
1.5
Baths
1,163
Sq Ft
1940
Built
0.53 acres
Lot
No garage (circular driveway parking)
Garage
About 16421 SE Webster Rd
This 1940 bungalow pairs enduring character with an exceptionally large in-city parcel — a combination rarely available in Southeast Portland. The 3-bedroom, 1.5-bath home (approx. 1,163 SF) retains original wood floors and a cozy living room fireplace with a wood-burning insert that distributes heat efficiently through the main living area. A practical layout includes a dining area off the kitchen, a separate laundry space, and a primary bedroom with a convenient half bath. The main bathroom has been updated with tile for everyday ease.
Step outside to a fully fenced yard that occupies more than half an acre (23,086 SF). The circular driveway and dual frontage on Webster Rd and Jennings Ave give the property easy access while maximizing usable yard space. The grounds are ideal for a productive garden, small orchard, play areas, or for siting an ADU or detached shop — a homeowner’s dream for those who prioritize outdoor living and urban homesteading.
For buyers seeking immediate comfort, the house is move-in ready with classic mid-century details; for renovators and investors, the property offers meaningful upside. Add an accessory dwelling, expand the primary residence, or explore small-scale infill (subject to City of Portland zoning and permitting). The lot’s size and configuration deliver flexibility not often found in the market.
Located in far Southeast Portland with quick access to I-205 and regional shopping, this property balances quiet residential streets with practical connectivity. Whether you’re a gardener, a multigenerational household looking to create a compound, or a builder evaluating long-term lot potential, 16421 SE Webster Rd is worth a close look. Contact the listing agent for showings and to discuss zoning and development possibilities.
Home Highlights
Property Features
Interior Features
- 3 bedrooms, 1.5 baths
- Approx. 1,163 SF single-level living
- Solid wood floors
- Wood-burning fireplace with insert
- Updated tile main bath
- Separate laundry area
Exterior & Lot
- 0.53-acre corner lot (23,086 SF)
- Fully fenced yard with garden/orchard potential
- Circular driveway with dual street access (Webster & Jennings)
- Room to add ADU, detached garage, or workshop (subject to permitting)
Location & Neighborhood
- Far Southeast Portland — easy access to I-205
- Short drives to retail corridors (Foster/Powell/Mall 205)
- Community-oriented neighborhood with parks and urban gardens nearby
- Approximately 15–25 minutes to downtown Portland depending on traffic
Walkability & Recreation
- Walkability Rating: 45/100
- Nearby parks and community green spaces (local parks within 1–2 miles)
- Close enough to regional trails and I-205 path for outdoor recreation
Neighborhood & Location
This address sits in far Southeast Portland, a mix of long-established residential blocks and newer infill projects. The area appeals to buyers seeking affordable access to Portland’s amenities while prioritizing yard space and practical connectivity to I-205 and retail corridors. Community gardens, small parks, and family-friendly services are common; the neighborhood has a down-to-earth, utilitarian character rather than an inner-city boutique feel.
Market Insights
SE Portland remains attractive to buyers seeking more land and value compared to inner-city neighborhoods. As of early 2026, median sales in the broader SE submarket sit in the low-to-mid $500ks, with inventory relatively tight (roughly 2–4 months' supply in many pockets). Oversized urban lots like this one trade at a premium because they enable ADUs, accessory structures, and in some cases lot division. Expect solid buyer interest from renovators and small-scale developers who value land. Pricing at $487,727 positions the property to capture both owner-occupant demand and investor interest; quick decisions often benefit buyers who can move efficiently on permitting and inspections.
Nearby Schools
David Douglas High School
High · 2.0–3.5 mi (subject to boundary confirmation)
Russell Elementary School (or nearby PPS elementary)
Elementary · 1.5–3.0 mi (verify assignment)
Possible Middle School: David Douglas Middle School / or Portland option
Middle · 1.5–3.5 mi (verify assignment)
Walkability & Recreation
Good access to local parks and community gardens; convenient to regional trails via the I-205 bike corridor and nearby green spaces.
Investment Highlights
- Large 0.53-acre corner lot inside Portland city limits — scarce in SE neighborhoods
- 3-bedroom bungalow with solid wood floors and a wood-burning fireplace insert
- Fenced yard with established garden/orchard potential and circular driveway
- Dual street frontage provides flexible access and potential development options
- List price anchored at $487,727; estimated market range $460k–$510k
Key Findings
- Property size: 1,163 SF house on a 23,086 SF lot (≈0.53 acres).
- Built in 1940; retains original character with some updates (tile bath).
- No garage indicated; parking via circular driveway; potential to add accessory structures.
- Corner lot with Webster and Jennings frontage — improves access and development flexibility.
- Listing price yields a high price-per-square-foot primarily due to large lot premium.
Things to Consider
- Exact zoning classification not confirmed — lot division or redevelopment requires city approval.
- Mechanical and major system ages unknown (heating, roof, utilities) — inspection recommended.
- No garage; parking and storage may require construction for buyers seeking them.
- School assignments and ratings approximate — verify with district.
Opportunity Analysis
Acquire a well-appointed 1940 bungalow on an oversized in-city lot to capture value through renovation, addition (ADU), or possible future subdivision/redevelopment subject to Portland zoning. Short-term: live and renovate; medium-term: add income-producing ADU or detached unit; long-term: explore subdivision or small-scale redevelopment if zoning permits.
Potential Use Scenarios
- Owner-occupant rehab: modest cosmetic upgrades and systems modernization to improve livability and resale value.
- Build an ADU in the rear yard to generate rental income — check utility capacity and permitting.
- For investors: evaluate feasibility of lot split or duplex/multi-family infill under current Portland zoning.
- Short-term listing strategy: market to gardeners, multigenerational families, and builders.
Risk Factors
- Zoning restrictions or overlay rules may limit subdivision/ADU placement.
- Required upgrades to plumbing/electrical/heating may be non-trivial in a 1940s home.
- Market sensitivity to interest rates and Portland-specific demand cycles.
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$460K
Midpoint
$485K
High
$510K
$418.96/SF estimated price per square foot
Estimate anchored to provided list price ($487,727) and price/sf (419). Range considers lot size premium (0.53 acre), house condition (original 1940s bungalow), and area market dynamics in SE Portland. No live comparable-sale pull was performed; verify with a local broker or appraisal.
As of 2026-03-12
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Southeast Portland continues to attract buyers seeking value vs. inner-city neighborhoods. Lot-rich properties have outperformed smaller urban parcels; steady, moderate demand for renovation and infill projects.
Nearby Points of Interest
- I-205 (1–2 miles)
- Mall 205 / Foster-Powell retail corridor (approx. 1.5–3 miles)
Property sits in far SE Portland with convenient access to local parks, transit corridors and regional routes (I-205). The oversized lot is a rare asset in the area and supports gardening, orchard, large yard activities, and potential accessory building/ADU or subdivision subject to zoning.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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