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10022 SE 172nd Ave, Happy Valley, OR 97086 — photograph 1

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10022 SE 172nd Ave, Happy Valley, OR 97086 — photograph 1
6.06 Acres

10022 SE 172nd Ave, Happy Valley

$3,000,000

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ActiveMLS®: 22064396Listing held by another brokerage, marked RMLS
Lot size
6.06 acres
Property type
Land
Days on market
1,502

Overview

This 6.06-acre parcel (Tax ID #00137765) is split-zoned Mixed Commercial Center (MCC, ~4 acres) and Mixed Use Residential-Multifamily (MUR-M2, 25–34 units per acre, ~2 acres), offering a buyer two paths: a mixed-use commercial/residential development consistent with the current split zoning, or rezoning the commercial portion to MUR-M2 through a Type III zone change to bring the entire site under MUR-M2 designation. The City is advancing its own commercial development to the south and has signaled it would not want this site competing with that effort — as a result, City staff have indicated willingness to support a zone change eliminating the commercial designation here in favor of multifamily. A prior development team took a 184-unit mixed-use concept through a full City Pre-Application Conference in 2024, so the planning groundwork and the City's disposition toward a rezone are already established for an incoming buyer. The site is level, with approximately ±300 feet of frontage on SE 172nd Avenue and access aligning to SE Huckleberry Street. An intermittent creek runs through the back (northeast) corner of the property, affecting roughly one acre between the waterway and its required buffers. A wetland determination identified a few additional wetland areas approximately 0.14 acres on-site, all minor and addressable through standard mitigation. The home is tenant-occupied — ALTA survey, wetland reports, and all City pre-application materials are available.

Details

Interior

Cooling
No
Heating
No

Exterior and lot

Lot size
6.06 acres
Lot features
Brush, Cleared, Stream, Trees
View
Yes
View description
Creek / Stream, Trees / Woods, Valley

Schools

High school
Centennial
Middle school
Centennial
Elementary school
Pleasant Valley

Location

City
Happy Valley
County
Clackamas
Zoning
MCC, M2

Taxes and dues

Annual taxes
$3,831 (2025)

Location

10022 SE 172nd Ave, Happy Valley, OR 97086

Map showing the location of 10022 SE 172nd Ave, Happy Valley, OR 97086
© Mapbox © OpenStreetMap

Monthly payment estimate

$16,287 /mo

20% · $600,000
7.00%
Principal and interest
$15,967
Property tax (2025)
$319
Total
$16,287

Estimate only, and not an offer of credit. Assumes 20% down ($600,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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