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R3 Zoned Residential Development Land
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10399 SE 34th Avenue, Milwaukie, OR 97222

1.84-acre R3 zoned property includes a historic 1912 building with potential for rezone and redevelopment.

Property SizeContact for details
Lot Size1.84 Acres
Days on Market123

Property Features for 10399 SE 34th Avenue

General Information

Standard status Active
Lot size 1.84 Acres
Property subtype Office, Land
Zoning R3

Building Details

Year Built 1912
Listing Agency: Marcus & Millichap - Portland
Listed By: Will Stone · License #OR 890400169
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Apr 10 at 11:09PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Portland

Investment Insights

Based on property information with market context.

This 1.84-acre site is zoned R3 and includes a historic building constructed in 1912. The property is a one-parcel offering with the potential for rezone to mixed-use commercial, along with redevelopment potential for multifamily (up to 90+ units, per the information provided).

The site is adjacent to Providence Milwaukie Hospital. Nearby amenities include schools, parks, and shopping.

For buyers evaluating redevelopment options, this property combines an existing historic structure with a land-use pathway that may support a transition to mixed-use and higher-density multifamily uses, subject to applicable approvals.

Key Highlights

  • 1.84‑acre R3 zoned land with historic building built in 1912
  • Allows 1 unit per 3,000 SF under R3 zoning
  • Possible rezone to mixed‑use commercial and possible redevelopment to multifamily

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Parking Lot & Garage Barber Shop Nail Salon Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,318
Businesses Nearby

Demographics for 97222, OR

36,316
Population
16,910
Households
2.1
Avg Household Size
41
Median Age
38%
College-Educated
95%
High-School Grad
8.6 sq mi
ZIP Area
4,223
Density / Sq Mi
$77,441
Median Household Income
$48,298
Median Earnings
$1,592
Median Rent
$465,100
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - 1.84-acre R3 zoned property includes a historic 1912 building with potential for rezone and redevelopment.
Where is this office building located?
The property is located at 10399 SE 34th Avenue Milwaukie, OR.
What are key features of this property?
This property features: 1.84‑acre R3 zoned land with historic building built in 1912; Allows 1 unit per 3,000 SF under R3 zoning; Possible rezone to mixed‑use commercial and possible redevelopment to multifamily
(503) 200-2000 Call to check price and availability
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