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3123 SE 31st AVE Portland, OR $ 890,000
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$ 890,000 Get more info
3123 SE 31st AVE
$ 890,000
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Share Save

3123 SE 31st AVE

Portland, OR, 97202
$ 890,000
Bedrooms6 Baths4.0 Sq 3,046

Monthly Estimate*

$ 5,552

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Multi-Family Home for sale in Portland, OR

for $890,000 with 6 bedrooms and 4 full baths. This 3,046 square foot home was built in 1912 on a lot size of 0.09.

Beautiful 3-Unit Opportunity in the Heart of Richmond. Rarely available! This charming triplex has been lovingly maintained and has changed hands only a few times since 1980. Formerly owner-occupied until 2021, the property reflects pride of ownership and long-term care. Property Highlights:Updated roof and separate electrical meters. All units share water, sewer, and garbage. Inviting shared yard, grand front porch, and stately common entrance. Attached garage currently rented with Unit C. Comprehensive financial records available — includes 3.5 years of actual cash flow reports. Record-rich ownership.

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Multi-Family Active

Price

$ 890,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 8,924

Style

Lot Size

0.09

Year Built

1912

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

289396741
Features
General
Sewer PublicSewer
Heating ForcedAir Zoned
Roof Composition
Zoning R5
Garage Spaces 1.0
Year Built 1912
Stories Count 3
Tax Year 2024
Parcel Number R298853
Gross Income 67020.0
Community Features AllLandscaping Laundry
County Multnomah
Net Operating Income 37148.0
Operating Expense 29872.0
Property Type MultiFamily
HOA N
Subdivision Name Waverleigh/Richmond
Rent Includes Sewer TrashCollection Water
Status Active
Directions Division to 31st
High School Cleveland
City Portland
Number Of Units Total 3
MLS Area _143
Lot Size Square Feet 3920.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Grout
Tax Annual Amount 8924.25
Middle/Junior High School Hosford
Property Condition Existing
Virtual Tour https://www.youtube.com/watch?v=NpTHp040CQI
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description WAVERLEIGH HTS BLOCK 19 N 43' OF LOT 10&11
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Interior
Basement PartiallyFinished SeparateLivingQuartersApartmentAuxLivingUnit
Storage Basement
Hot Water Other
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 2
Unit 3 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Exterior
Parking Features Driveway Garage
Lot Features Level
Water Source PublicWater
Total Parking 1.0
Exterior Description LapSiding
Foundation Details ConcretePerimeter
Building Area Total 3046.0
Lot Dimensions 43x90
Lot Size Acres 0.09
Road Surface Type Paved
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Internal Only
Street Number 1 3123
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* Excluded Features
List By
Kjk Properties Pc

Broker

emaildocs@kjkproperties.com

Contact

Affordability Calculator

$6,296
Per Month
88%
12%
0%
Monthly Principal & Interest
$5,552
Monthly Property Taxes
$744
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949298 Elementary School
1950530 Middle School
Cleveland High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/31/2025$890,000 Listed Price

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3123 SE 31st AVE, Portland, OR, 97202 is a Multi-Family Home for sale at $890,000 with 3,046 sqft and a lot size of 0.09. 3123 SE 31st AVE has 6 bedrooms, 4.0 baths, and was built in 1912. The property's zip code is 97202 which is in Portland, OR

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