2056 SE 122ND AVE, Portland, OR 97233
Multnomah County
Key Facts
Description
Great development opportunity in Portland’s Mill Park neighborhood! This large 0.7-acre vacant lot at 2056 SE 122nd Avenue is zoned RM1, allowing for up to 43 residential units—perfect for townhomes, condos, or apartments. It offers one of the best values per unit in the area. The location is convenient, with easy access to public transit, schools, shops, and restaurants, plus quick access to I-205. Whether you're a builder, investor, or developer, this property is a great chance to create housing in a growing part of the city.
Property Information
Property Type
Land
Sub-Type
Multi Family
Lot Size
0.70 acres
Zoning
RM1
Days on Market
347
MLS® Listing#
641819011
Property Features
Cooling
Heating
Utilities
Sewer
Schools
- Elementary:
- Mill Park
- Middle:
- Ron Russell
- High:
- David Douglas
Financial Details
HOA
None
Parcel Number
R331863
Directions
122ave
Affordability Calculator
$99,980
Estimated monthly payment
$2,661/mo
Principal $399,920 · Est. interest $557,924 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Portland, OR
- $507,009
- Median Listing Price
- 173
- Median Days on Market
- 1,572
- Median Sq Ft
- $327
- Median Price / Sq Ft
- 2,279
- Active Listings
- This home’s price is 1% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Portland, OR.
Location
Points of Interest in Portland, OR
Showing the Portland area map.
Nearby Schools
Mill Park Elementary School
Elementary · 0.2 mi away
Mill Park Baptist Church
Elementary · 0.3 mi away
Portland Christian Elementary School
Elementary · 0.3 mi away
David Douglas School District 40
School · 0.5 mi away
David Douglas High School
Secondary · 0.5 mi away
Lincoln Park Elementary School
Elementary · 0.5 mi away
West Powellhurst Elementary School
Elementary · 0.6 mi away
Fir Ridge Campus
School · 0.6 mi away
David Douglas High School
Secondary · 0.8 mi away
David Douglas Arthur Academy
School · 0.8 mi away
North Powellhurst Elementary School
Elementary · 0.8 mi away
Growing Great Learners Active
School · 0.8 mi away
Cherry Park Elementary School
Elementary · 0.9 mi away
Floyd Light Middle School
Secondary · 0.9 mi away
Ron Russell Middle School
Elementary · 1.1 mi away
Gilbert Heights Elementary School
Elementary · 1.2 mi away
Menlo Park Elementary School
Elementary · 1.3 mi away
Franciscan Montessori Earth School
Elementary · 1.3 mi away
Holla School
Elementary · 1.4 mi away
Grace Lutheran School
Elementary · 1.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 15412 NE HALSEY ST, Portland, OR | $349,999 | — | — | — |
| 1736 SE 7TH AVE, Portland, OR | $349,999 | 2 | 1 | 2,206 |
| 15412 NE HALSEY ST, Portland, OR | $349,999 | 2 | 1 | 924 |
| 408 NW 12TH AVE, Portland, OR | $350,000 | 1 | 1 | 860 |
| 15320 NW CENTRAL DR 316, Portland, OR | $350,000 | 2 | 2 | 1,073 |
| 5401 NE CULLY BLVD, Portland, OR | $350,000 | — | — | 864 |
Moving Cost Estimate
EXIT Agents in Portland
Listing Courtesy: Real Broker - javier@alomiagroup.com
Presented by: Javier Alomia
Last Updated: 2025-04-10