Portland Redevelopment Opportunity Near
For Sale
$550,000
12224 SE Ash, Portland, OR 97233
Prime land for multifamily or mixed-use development near transit.
Property Size7,049 SF
Price / SF$78.03
Days on Market269
Property Features for 12224 SE Ash
General Information
Standard status
Active
Size
7,049 SF
Property subtype
Land
Listing Agency:
Commercial Real Estate NW
(503) 309-5106
Listed By:
Denise Brohoski · License #200508190
(503) 309-5106
Source:
Commercialrenw
Added: Nov 25, 2025
Changed: Aug 9
Last Checked: Aug 21 at 4:18AM
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 Commercial Real Estate NW
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 97233, OR
41,625
Population
14,844
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
9,049
Density / Sq Mi
$54,886
Median Household Income
$37,216
Median Earnings
$1,352
Median Rent
$385,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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 Portland, OR.
What is the asking price?
The asking price for this property is $550,000.
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).
