Exceptional commercial opportunity in Portland on 1.42 acres with flexible MR1/RCC zoning and outstanding development potential. Situated in a high-traffic location, the property includes approximately 21,000 SF (0.48 AC) of front retail/restaurant-zoned land (RCC) and 40,855 SF (0.94 AC) of rear multifamily-zoned land (MR1), offering a rare mix of commercial and residential possibilities. Existing improvements include a 3,200 SF commercial building sold as-is, a large detached shop with garage doors, and a mobile home of no assigned value. Ideal for investors, owner-users, or developers seeking live/work potential, mixed-use opportunities, or future income-producing uses.
Active
$2,400,000
11493 SE 82nd Ave, Happy Valley, OR 97086
--beds
0baths
1.42Acres
Unimproved Land
Built in ----
1.42 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
High-traffic location
- 83 days |
- 55 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Andrew Finkle 971-404-5566,
Home & Hearth Realty Group
Source: RMLS (OR),MLS#: 774983363
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Lot
- Size: 1.42 Acres
- Features: On Busline, Private, Level, Acres 1 to 3
Details
- Additional structures: Existing Structures, Garage, MobileHome
- Parcel number: 00110089
- Zoning: MR1/RCC
Utilities & green energy
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Happy Valley
Financial & listing details
- Tax assessed value: $5,170
- Annual tax amount: $19,454
- Date on market: 4/30/2026
- Listing terms: Cash
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Listed for sale | $2,400,000 |
Source:  RMLS (OR) #774983363 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $86 +16% | $5,170 +15.1% |
| 2024 | $74 +14.8% | $4,490 +14.8% |
| 2023 | $64 +19.6% | $3,910 +16% |
| 2022 | $54 +28.9% | $3,370 +27.7% |
| 2021 | $42 +12.4% | $2,640 +11.9% |
| 2020 | $37 +12.6% | $2,360 +14.6% |
| 2019 | $33 +13.4% | $2,060 +12% |
| 2018 | $29 | $1,840 -27.8% |
| 2017 | $29 -38.7% | $2,550 -16.1% |
| 2016 | $47 | $3,040 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 97086
Nearby schools
GreatSchools rating
- 3/10Whitcomb Elementary SchoolGrades: K-5Distance: 0.4 mi
- 3/10Rowe Middle SchoolGrades: 6-8Distance: 2.3 mi
- 2/10Milwaukie High SchoolGrades: 9-12Distance: 2.8 mi
Schools provided by the listing agent
- Elementary: Whitcomb
- Middle: Rowe
- High: Milwaukie
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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