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.
Active
$875,000
12405 SE Market St, Portland, OR 97233
--beds
0baths
1.01Acres
Unimproved Land, Single Family Residence
Built in ----
1.01 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 36 days
- 34
- 0
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Bryce Rosenbaum 503-367-8266,
Harcourts Real Estate Network Group
Source: RMLS (OR),MLS#: 136867436
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 1.01 Acres
- Features: Level, Acres 1 to 3
Details
- Additional structures: Existing Structures, Residence
- Parcel number: R718198
- Zoning: RM1
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Tax assessed value: $773,560
- Annual tax amount: $6,861
- Date on market: 9/3/2026
- Listing terms: Cash,Conventional,FHA
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Listed for sale | $875,000+84.2% |
Source:  RMLS (OR) #487049445 Report a problem | ||
| 4/5/2021 | Sold | $475,000+28.7% |
Source: Public Record Report a problem | ||
| 10/22/2016 | Listing removed | $369,000 |
Source: RE/MAX Equity Group #16525566 Report a problem | ||
| 8/29/2016 | Price change | $369,000-6.6% |
Source: RE/MAX Equity Group #16525566 Report a problem | ||
| 6/8/2016 | Price change | $395,000-5.7% |
Source: RE/MAX Equity Group #16525566 Report a problem | ||
| 4/26/2016 | Listed for sale | $419,000+87.1% |
Source: RMLS #16525566 Report a problem | ||
| 7/8/2009 | Sold | $224,000-0.4% |
Source: Public Record Report a problem | ||
| 5/16/2009 | Listed for sale | $225,000-17.3% |
Source: Postlets #8107958 Report a problem | ||
| 4/4/2009 | Listing removed | $272,000 |
Source: Postlets #8107958 Report a problem | ||
| 1/18/2009 | Price change | $272,000-6.2% |
Source: Postlets #8107958 Report a problem | ||
| 10/29/2008 | Listed for sale | $290,000 |
Source: Postlets #8107958 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,862 +4.4% | $283,780 +3% |
| 2024 | $6,573 +68.9% | $275,520 +66.4% |
| 2023 | $3,892 -20.8% | $165,570 -22.7% |
| 2022 | $4,916 +1.7% | $214,240 +3% |
| 2021 | $4,835 +10.4% | $208,000 +3% |
| 2020 | $4,381 +3.3% | $201,950 +3% |
| 2019 | $4,241 | $196,070 +3% |
| 2018 | $4,241 +3.2% | $190,360 +3% |
| 2017 | $4,111 +6.6% | $184,820 +3% |
| 2016 | $3,855 | $179,440 +3% |
| 2015 | $3,855 +2.4% | $174,220 +3% |
| 2014 | $3,762 +22.6% | $169,150 +3% |
| 2013 | $3,069 -5.9% | $164,230 +3% |
| 2012 | $3,262 -1.1% | $159,450 +3% |
| 2011 | $3,299 +1.9% | $154,810 +3% |
| 2010 | $3,237 +2.3% | $150,310 +3% |
| 2009 | $3,164 +3.5% | $145,940 +3% |
| 2008 | $3,056 +0.4% | $141,690 +3% |
| 2007 | $3,044 +4.9% | $137,570 +3% |
| 2006 | $2,902 +14.2% | $133,570 +13.6% |
| 2005 | $2,542 +2.8% | $117,600 +3% |
| 2004 | $2,473 +1.7% | $114,180 +3% |
| 2003 | $2,432 +8.9% | $110,860 +3% |
| 2002 | $2,233 +12.4% | $107,640 +6.1% |
| 2000 | $1,986 +4.1% | $101,470 +3% |
| 1999 | $1,908 | $98,520 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Mill Park
Nearby schools
Schools provided by the listing agent
- Elementary: Menlo Park
- Middle: Floyd Light
- High: David Douglas
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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