Residential Development
For Sale
$449,900
2056 SE 122ND, Portland, OR 97233
Vacant RM1-zoned lot in Portland’s Mill Park area, offering capacity for up to 43 residential units.
Property SizeContact for details
Lot Size0.70 Acres
Days on Market115
Property Features for 2056 SE 122ND
General Information
Standard status
Active
Lot size
0.70 Acres
Property subtype
Land or Vacant Lot
Zoning
RM1
Additional Details
Highway Access
Yes
Listing Agency:
REAL BROKER
(855) 450-0442
Listed By:
JAVIER ALOMIA · License #200503097
Source:
Corcoran
Added: Apr 28
Changed: Aug 8
Last Checked: May 10 at 4:55AM
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 REAL BROKER
Investment Insights
Based on property information with market context.
This is a large vacant residential lot offered for sale, zoned RM1 and sized at approximately 0.7 acres. The RM1 zoning allows for up to 43 residential units, supporting a range of multifamily formats such as townhomes, condos, or apartments. The property is positioned for development where housing is in demand.
Located in Portland’s Mill Park neighborhood at 2056 SE 122nd Avenue, the site is described as having convenient access to public transit, schools, shops, and restaurants. The listing also notes quick access to I-205, providing additional regional connectivity for future residents.
With RM1 entitlements for up to 43 units, this lot is best suited for developers and investors looking to create new residential housing within the city’s existing zoning framework.
Located in Portland’s Mill Park neighborhood at 2056 SE 122nd Avenue, the site is described as having convenient access to public transit, schools, shops, and restaurants. The listing also notes quick access to I-205, providing additional regional connectivity for future residents.
With RM1 entitlements for up to 43 units, this lot is best suited for developers and investors looking to create new residential housing within the city’s existing zoning framework.
Key Highlights
- 0.7‑acre vacant lot at 2056 SE 122nd Avenue in Portland’s Mill Park neighborhood.
- RM1 zoning allows for up to 43 residential units.
- Ideal site for building townhomes, condos, or apartments based on RM1 residential use.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
749
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?
Residential land & home lot - Vacant RM1-zoned lot in Portland’s Mill Park area, offering capacity for up to 43 residential units.
Where is this residential land & home lot located?
The property is located at 2056 SE 122ND Portland, OR.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 0.7‑acre vacant lot at 2056 SE 122nd Avenue in Portland’s Mill Park neighborhood.; RM1 zoning allows for up to 43 residential units.; Ideal site for building townhomes, condos, or apartments based on RM1 residential use.
