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Land for Sale in Portland, Oregon
2056 SE 122nd Ave, Portland, OR 97233
$499,900
0.7 acres
Active
$115k drop
Est $3,770/moGreat 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.
Location
- Street address
- 2056 SE 122nd Ave
- County
- Multnomah County
- Elevation
- 302 feet
Property details
- Lot size
- 0.7 acres30,492 sq ft
- Zoning
- RM1
- MLS #
- RMLS 641819011
- Posted
Parcels
- R331863
Legal description
SECTION 02 1S 2E, TL 13000 0.70 ACRES, POTENTIAL ADDITIONAL TAX
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Mill Park | Elementary | — | — |
| Ron Russell | Middle | — | — |
| David Douglas | High | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 3, 2025 | Price added | $499,900 | — | RMLS |
| Nov 21, 2025 | Price removed | $— | — | RMLS |
| Aug 9, 2025 | Relisted | $499,900 | — | RMLS |
| Aug 8, 2025 | Listing removed | $499,900 | — | Listing agent |
| May 7, 2025 | Price drop | $499,900 | $115,100 -18.7% | RMLS |
| Apr 11, 2025 | New listing | $615,000 | — | RMLS |
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