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    12224 SE Ash St Portland, OR 97233

    For Sale
    $600,000

    Prime land for multifamily or mixed-use development near transit.

    Property size:
    7,049 SF
    Lot size:
    7.00 Acres

    Property Features for 12224 SE Ash St

    General Information

    Size
    7,049 SF
    Lot size
    7.00 Acres

    Source: Denise Brohoski Agent Denise Brohoski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Portland Redevelopment Opportunity Near Transit

    This property presents a redevelopment opportunity in Southeast Portland, situated across from TriMet's Menlo Park Park & Ride. It is located one block from MAX Bus Stop ID 6621 and MAX Light Rail Stop ID 8349. The location is suitable for multi-family or mixed-use apartments. The surrounding area features a variety of restaurants, pubs, and coffee shops. Mall 205, with its associated big box stores, is located nearby, with access to I-205. Ventura Grade School is three blocks away, and several parks are within walking distance. The property is located off of 122nd Avenue in Portland, with daily traffic counts of 40,547. The property has a maximum Floor Area Ratio (FAR) of 5:1 with bonus, and a maximum building height of 100 feet, allowing for up to 68 apartment units. The property size is 7,049 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.5368677
    Latitude
    45.5210191

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    FAQs

    What type of property is this?
    Land - Prime land for multifamily or mixed-use development near transit.
    Where is this land located?
    The property is located at 12224 SE Ash St Portland, OR.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity: High-density zoning allows for a 5:1 FAR (with bonus), 100' max building height, and potential for up to 68 apartment units.; - Excellent transit access: Located directly across from TriMet's Menlo Park Park & Ride and one block from MAX and bus stops.; - Strategic location: Right off 122nd Avenue with high daily traffic count (40,547).
    (503) 309-5106
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    12224 SE Ash St Portland, OR 97233
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    Portland, OR 97233
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12224 SE Ash St Portland, OR 97233
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