Positioned directly on high-visibility SE 172nd Avenue at a prominent roundabout in the heart of Happy Valley’s fastest-growing corridor, this CCC – Community Commercial Center District zoned property offers a rare blend of immediate income and long-term redevelopment upside. The site is currently stabilized with a rented single-family home, along with additional barn and shop improvements that generate holding value while plans are evaluated. Surrounded by new multifamily housing, residential subdivisions, and ongoing corridor intensification, the property sits within an area actively transitioning toward higher-density, mixed-use development supported by major public investment in 172nd Avenue infrastructure and long-term city planning for community-scale commercial and urban center growth. With strong frontage exposure, flexible CCC zoning that supports commercial, mixed-use, and potential higher-density residential concepts (subject to approvals), and exceptional strategic positioning at a key growth node, this is an ideal acquisition for a developer seeking both cash flow during entitlement and significant future upside in one of Happy Valley’s most active development corridors.
Active
$3,900,000
11245 SE 172nd Ave, Happy Valley, OR 97086
--beds
0baths
3.2Acres
Unimproved Land
Built in ----
3.2 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Ongoing corridor intensificationProminent roundaboutStrong frontage exposureResidential subdivisions
- 120 days |
- 58 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Alexandru Ianos 503-961-4529,
Ianos Realty
Source: RMLS (OR),MLS#: 515799283
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Has view: Yes
- View description: City
Lot
- Size: 3.2 Acres
- Features: Level, Acres 3 to 5
Details
- Additional structures: Barn, Storage
- Parcel number: 00138390
- Zoning: CCC
Utilities & green energy
- Sewer: Septic Tank
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected, Cable Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Happy Valley
Financial & listing details
- Tax assessed value: $2,029,861
- Annual tax amount: $6,229
- Date on market: 4/24/2026
- Listing terms: Cash,Contract,Conventional,Owner Will Carry,Rehab,Trade
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/24/2026 | Listed for sale | $3,900,000+372.7% |
Source:  RMLS (OR) #515799283 Report a problem | ||
| 12/3/2019 | Sold | $825,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,229 +3.7% | $317,594 +3% |
| 2024 | $6,009 +2.9% | $308,344 +3% |
| 2023 | $5,838 +5.6% | $299,364 +3% |
| 2022 | $5,527 +3.8% | $290,645 +3% |
| 2021 | $5,325 -2.2% | $282,180 -2.5% |
| 2020 | $5,443 +1.5% | $289,294 +3% |
| 2019 | $5,360 +13.9% | $280,868 +3% |
| 2018 | $4,706 | $272,687 +3% |
| 2017 | $4,706 +16.3% | $264,745 +3% |
| 2016 | $4,045 | $257,034 +3% |
| 2015 | $4,045 +3% | $249,548 +3% |
| 2014 | $3,928 +7% | $242,280 +3% |
| 2013 | $3,670 +2.4% | $235,223 +3% |
| 2012 | $3,582 +1% | $228,372 +3% |
| 2011 | $3,547 +6% | $221,720 +3% |
| 2010 | $3,345 +3.1% | $215,262 +3% |
| 2009 | $3,246 +6.5% | $208,992 +3% |
| 2008 | $3,049 +16.9% | $202,905 +3% |
| 2007 | $2,608 +13% | $196,995 +3% |
| 2006 | $2,308 -0.8% | $191,257 +3% |
| 2005 | $2,326 +3.1% | $185,686 +3% |
| 2004 | $2,256 +1.9% | $180,278 +3% |
| 2003 | $2,213 +3.4% | $175,027 +3% |
| 2002 | $2,141 +2% | $169,929 +3% |
| 2001 | $2,098 +3.6% | $164,980 +3% |
| 2000 | $2,025 | $160,175 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 97086
Nearby schools
GreatSchools rating
- 10/10Scouters Mountain Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10Happy Valley Middle SchoolGrades: 6-8Distance: 1.6 mi
- 6/10Adrienne C. Nelson High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Beatricecannady
- Middle: Happy Valley
- High: Clackamas
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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