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12390 Southwest Knoll Drive, Tigard, OR 97223

Planned 182-unit workforce housing development site in Tigard, Oregon.

Property Size113,934 SF
Days on Market268

Property Features for 12390 Southwest Knoll Drive

General Information

Standard status Active
Size 113,934 SF
Property subtype Multifamily
Zoning Station Area MU

Building Details

Building Size 113,934 SF
Listing Agency: Macadam Forbes
Listed By: Skip Rotticci, CCIM · License #OR #200204348
Source: Macadamforbes
Added: Nov 25, 2025 Changed: Aug 8 Last Checked: Aug 20 at 5:05AM

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 Macadam Forbes

Investment Insights

Based on property information with market context.

This site is planned for a 182-unit workforce housing development in Tigard's Qualified Opportunity Zone. The proposed Knoll Apartments at 12390 SW Knoll Drive in Tigard, Oregon, are designed to offer modern living in a serene suburban setting. The Knoll Apartment site is located in a Qualified Opportunity Zone, potentially offering substantial tax benefits to the developer. The apartments will feature contemporary architecture, blending seamlessly with the surrounding landscape of well-maintained streets and green spaces. The area is known for its mix of residential tranquility and accessibility to urban amenities. A variety of floor plans are anticipated, catering to different lifestyles, from studios to multi-bedroom units. These residences are expected to offer open-concept layouts, abundant natural light, and thoughtfully designed interiors featuring modern fixtures and finishes. Residents can look forward to a host of amenities designed to enhance their lifestyle. A community clubhouse or gathering space might be available for social events and gatherings, and an extensive outdoor plaza. Additionally, The Knoll will be adjacent to the future Tigard Light Rail Station and is within walking distance of the current WES Commuter Rail Station. The apartments' location is likely to offer convenient access to nearby conveniences, including shopping centers, dining options, entertainment venues, and outdoor recreational areas. Residents may also benefit from proximity to major transportation routes, providing easy commuting options. The site is within walking distance of downtown Tigard and close to the WES Commuter Rail Station.

Key Highlights

  • Located in a Qualified Opportunity Zone, offering substantial tax benefits.
  • Adjacent to the future Tigard Light Rail Station, providing convenient access to public transportation.
  • Walking distance to downtown Tigard, offering easy access to amenities and services.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Locksmith Florist Tanning Salon Tattoo & Piercing Shop Hotel & Motel Wine and Liquor Store

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

1,726
Businesses Nearby

Demographics for 97223, OR

49,967
Population
21,428
Households
2.3
Avg Household Size
39
Median Age
50%
College-Educated
95%
High-School Grad
11.1 sq mi
ZIP Area
4,502
Density / Sq Mi
$108,040
Median Household Income
$57,411
Median Earnings
$1,726
Median Rent
$577,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Planned 182-unit workforce housing development site in Tigard, Oregon.
Where is this apartment building located?
The property is located at 12390 Southwest Knoll Drive Tigard, OR.
What are key features of this property?
This property features: Located in a Qualified Opportunity Zone, offering substantial tax benefits.; Adjacent to the future Tigard Light Rail Station, providing convenient access to public transportation.; Walking distance to downtown Tigard, offering easy access to amenities and services.
More about this property
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