Shawn Realty 503-515-4499
3 bd • 1.5 ba • 1,736 sq ft
12405 SE MARKET ST, Portland, OR 97233
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- Bedrooms
- 3
- Total Baths
- 1.5
- Building Area
- 1,736 sq ft
- Price/Sq Ft
- $504/sq ft
- Year Built
- 1953
- Garage
- 1 space · Attached
- County
- Multnomah
- Annual Tax
- $6,862 (2025)
- HOA
- None
- Days on Market
- 71 days
- Open House
- None scheduled
Monthly payment
$6,052 per month
- Principal & interest$5,298
- Property taxes$572
- HOA dues$0
- Home insurance$182
- Utilities$0
10% down · 30-year fixed · 7.11% rate · 7.211% APR (est.)
Rate: Freddie Mac weekly average, as of 11/12/2026. Estimate by Shawn Realty, not RMLS data.
Estimate by Shawn Realty, not RMLS data.
- Interest rate: 7.11% (7.211% APR, estimated). Rate: Freddie Mac weekly average, as of 11/12/2026.
- Down payment: 10% ($87,500) on $875,000; loan $787,500
- Term: 30-year fixed (360 monthly payments)
- Property taxes: $572/mo (RMLS annual tax ÷ 12)
- HOA dues: $0 (no HOA in RMLS)
- Home insurance: $182/mo (Shawn Realty assumption, 0.25% of price per year; not a quote)
- Est. APR assumes 1% of the loan amount in points and lender fees.
This is an estimate. Verify exact numbers with your lender.
Estimate only, not a loan offer or commitment. Principal, interest, est. property tax and HOA. Excludes homeowners insurance, mortgage insurance (PMI, typically required with under 20% down) and other costs. Actual rate, APR and payment depend on credit, lender and loan program. Talk to a licensed loan officer.
Description
Exceptional development opportunity. Situated on a generous 44,625-square-foot lot-with RM1 zoning, this property offers exciting potential for a multifamily residential 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.
Facts & Features
| Property Type | Residential |
|---|---|
| Sub-Type | Single Family Residence |
| Bedrooms | 3 |
| Total Baths | 1.5 |
| Full Baths | 1 |
| Partial Baths | 1 |
| Building Area (sq ft) | 1736 |
| Lot Size (acres) | 1.01 |
| Lot Size (sq ft) | 43995 |
| Year Built | 1953 |
| Garage Spaces | 1 |
| County | Multnomah |
| Elementary School | Menlo Park |
| Middle School | Floyd Light |
| High School | David Douglas |
| Heating | Forced Air |
| Appliances | Free-Standing Range |
| Basement | Finished |
| Style | 1 Story, Ranch |
| Roof | Composition |
| Fireplaces | 1 |
| View | Yes |
| Lot Features | Level |
| Parking | Driveway |
| Sewer | Public Sewer |
| Water | Public Water |
| Annual Taxes | $6,862 |
| Tax Year | 2025 |
| Original List Price | $875,000 |
| RMLS # | 487049445 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Bryce Rosenbaum • Real Estate Network Group, LLC
Listing updated: Oct 19, 2026 at 4:07pm
Source: RMLS #487049445
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 Shawn Realty are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on 11/09/2026 17:45. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by RMLS.
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Shawn Yu, Shawn Realty · 503-515-4499
Shawn Yu (Shawn Realty) is not the listing agent for this home.
Shawn Realty