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Portland Land Development Opportunity

2056 SE 122ND Ave, Portland, OR 97233

For Sale
$399,900

Land, Portland, OR

Property SizeContact for details
Lot Size0.70 Acres
Days on Market195

Property Features for 2056 SE 122ND Ave

General Information

Property type Land
Property subtype Other
Zoning RM1
Elementary school Mill Park
Middle school Ron Russell
High school David Douglas
Directions 122ave
Subdivision _143
Standard status Active
APN R331863
Lot size 0.70 Acres

Taxes and HOA fees

Tax Description SECTION 02 1S 2E, TL 13000 0.70 ACRES, POTENTIAL ADDITIONAL TAX
Legal Description SECTION 02 1S 2E, TL 13000 0.70 ACRES, POTENTIAL ADDITIONAL TAX
Listing Agency: Real Broker
Listed By: Javier Alomia · License #200503097
Added: Apr 28 Changed: Sep 1 Last Checked: Nov 8 at 4:06PM
MLS# 194506384

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 0.7-acre vacant lot presents a development opportunity in Portland's Mill Park neighborhood. Zoned RM1, the property allows for the construction of up to 43 residential units, suitable for townhomes, condos, or apartments. The location provides convenient access to public transit, schools, shops, and restaurants, as well as quick access to I-205. This property offers a chance to create housing in a growing part of the city.

Key Highlights

  • Zoned RM1, allowing up to 43 residential units.
  • Large 0.7‑acre vacant lot.
  • Great development opportunity in Portland's Mill Park neighborhood.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Law Firm Parking Lot & Garage Hair Salon Barber Shop Bakery HVAC Service

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

749
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Land in Portland, OR

$320 Jul
$428 Aug
$399 Sep
$410 Oct

Properties on Market for Land in Portland

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Land - 0.7-acre vacant lot zoned RM1 for residential development.
Where is this land located?
The property is located at 2056 SE 122ND Ave Portland, OR.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Zoned RM1, allowing up to 43 residential units.; Large 0.7‑acre vacant lot.; Great development opportunity in Portland's Mill Park neighborhood.
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