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1 Acre of Residential Land for Sale in Portland, Oregon

12405 SE Market St, Portland, OR 97233

$875,000
1 acre
Active sale
ago
Est $6,507/mo

Exceptional development opportunity. Situated on a generous 44,625-square-foot lot-with RM1 zoning, this property offers exciting potential for a multifamily project. Conveniently located near shopping, transit, schools, parks, and major commuter routes. An outstanding opportunity for builders, developers, or investors in a growing Portland neighborhood. Buyer to perform all due diligence regarding zoning, density, utilities, and development possibilities.

Location

Street address
12405 SE Market St
Zip code
97233
Elevation
307 feet
Coordinates
45.5121, -122.5359

Directions

122nd Avenue, East on SE Market St

Property details

Acreage
1.01 acres43,996 sq ft
Zoning
RM1
MLS #
RMLS 136867436
Posted

Property taxes

Recent
$6,862

Parcels

  • R718198

Legal description

Details and features

Listing

Type
Land
Subtype
Single Family Residence

Nearby schools

NameType
Menlo ParkElementary
Floyd LightMiddle
David DouglasHigh

Listing history

DateEventPriceChangeSource
Sept 3, 2026New listing$875,000RMLS
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This 1.01-acre property is located at 12405 SE Market St in Portland, OR 97233. The land is available for sale, priced at $875,000 — $866,337 per acre.

Listed by Harcourts Real Estate Network Group, (503) 344-4554

Checked 1 hour agoUpdated Source

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