For Sale11d on market

NE 122nd

Portland, OR, 97203 • Parkrose Heights • Multnomah County

$312,500

Market activity

Demand and pricing signals for this listing

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11 days on market

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About this home

Lot

Rare opportunity to build on a large lot in convenient NE Portland location with R5 zoning and strong development potential. Ideal opportunity for builders, investors, or custom home construction. Convenient access to nearby amenities, freeways and more. Utilities available at the street. Developer packet and additional information available upon request. Buyer to perform due diligence regarding development potential, zoning, and permitted uses.

Estimated monthly payment

Based on current rates

$1,985/month

Principal & Interest$1,568

Property Tax$313

Insurance$104

Down payment20% ($62,500)

3%50%

Est. 6.43% rate · 30yr fixed · $250,000 loan

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At a glance

Key facts and listing details

Property

Home typeLot

Sub-typeUnimproved Land, Single Family Residence

Parking & Outdoor

FencingFenced

Location & Tax

NeighborhoodParkrose Heights

ZoningR5

ParcelNot Found

Features & details

1 category of property features

Exterior Features

Lot Features

Cleared

Flag Lot

Level

SqFt 7000 to 9999

Listing insights

Market data and value estimates

StatusFor Sale

Days on market11

Tax rate0.96%

On marketMar 16, 2026

PostedMar 16, 2026

MLS statusActive

MLS updatedMar 26, 2026

Tour days6

Favorites2

How are the schools in Portland?

3 schools rated nearby

Russell Elementary

Elementary • Public • K-5

0.6 mi

Parkrose Middle School

Middle • Public • 6-8

1.2 mi

Parkrose High School

High • Public • 9-12

1.3 mi

Location

Portland, OR, 97203

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Price history

1 event

DateEventPrice$/sqftSource

Mar 16, 2026Listed For Sale$312,500—RMLS (OR)

Listed For Sale$312,500

Mar 16, 2026•RMLS (OR)

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Neighborhood details

Local context around this listing

Portland, OR • Multnomah County

Nearby neighborhoods

Cedar MillCentennialDowntownHazelwoodLentsMontavillaNorthwestPowellhurst GilbertRichmondSt.Johns

Nearby cities

Bridal VeilCorbettFairviewGreshamPortlandRhododendronTroutdaleWood Village

Nearby zip codes

97202972039720697217972199722997230972339723697266

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Value estimates

Live

30yr rate est.6.43%

Affordability$1,916/mo

Accepted financing

CashConventional

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. This content last updated on 2026-03-27 06:29:24 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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