3311 3315 SE 127TH PL Portland, OR $ 424,900
3311 3315 SE 127TH PL
$ 424,900
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3311 3315 SE 127TH PL

Portland, OR, 97236
$ 424,900
Bedrooms3 Baths2.0 Sq 1,346

Monthly Estimate*

$ 2,616

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Multi-Family Home for sale in Portland, OR

for $424,900 with 3 bedrooms and 2 full baths. This 1,346 square foot home was built in 1950 on a lot size of 0.26.

Exceptional investment opportunity in Portland’s Powellhurst-Gilbert neighborhood offering an estimated 6% cap rate and strong rental potential. This fully remodeled duplex has been extensively updated, making it a low-maintenance, income-producing property from day one. Major system upgrades include new 200-amp electrical service and panels, a new roof, gutters, exterior paint, and double-pane windows. Both units have been thoughtfully renovated with new flooring, fresh interior paint, new water heaters, updated interior water supply and waste lines, and remodeled kitchens and bathrooms featuring new cabinetry, countertops, and modern electrical and plumbing fixtures. Each unit offers comfortable, move-in-ready living along with dedicated storage, laundry hook-up, off-street parking for multiple vehicles, and a nicely sized backyard ready for your finishing touches. Ideal for investors or owner-occupants — rent both units for consistent cash flow or live in one unit while renting the other to help offset your mortgage. Don’t miss this turn-key opportunity in Southeast Portland, where demand for duplex housing continues to grow. All rents and financial information are estimates - buyer to verify.

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Multi-Family Active

Price

$ 424,900

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,799

Style

Lot Size

0.26

Year Built

1950

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

770612929

Features
General
Sewer PublicSewer
Heating WallHeater
Cooling None
Roof Composition Shingle
Zoning RM1
Garage Spaces 0
Year Built 1950
Stories Count 1
Tax Year 2025
Parcel Number R334308
Gross Income 34188.0
County Multnomah
Net Operating Income 25641.0
Operating Expense 8547.0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions SE Powell - North on SE 127th Pl
High School David Douglas
City Portland
Disclosures Disclosure
Number Of Units Total 2
MLS Area _143
Lot Size Square Feet 11325.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Mill Park
Tax Annual Amount 3799.27
Middle/Junior High School Ron Russell
Property Condition UpdatedRemodeled
Virtual Tour https://www.zillow.com/view-imx/43eb98df-8b75-4ec9-886c-8b2aa54f853b?wl=true&setAttribution=mls&initialViewType=pano
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SECTION 11 1S 2E TL 8400 0.26 ACRES
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Interior
Basement CrawlSpace
Storage IndividualStorageUnits
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features OffStreet
Lot Features Level PublicRoad
Water Source PublicWater
Total Parking 4.0
Exterior Description ShakeSiding WoodSiding
Foundation Details PillarPostPier
Building Area Total 1346.0
Lot Size Acres 0.26
Road Surface Type Paved
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Internal Only
Street Number 1 -1
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* Excluded Features
List By
Rarebird Real Estate

Broker

Brian.eustis@gmail.com

Email

Affordability Calculator

$2,933
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,616
Monthly Property Taxes
$317
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1950277 Elementary School
1950068 Middle School
David Douglas High School High School
Pricing History
DatePricePrice ChangeDescription
3/13/2026$424,900 Listed Price

Map


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3311 3315 SE 127TH PL, Portland, OR, 97236 is a Multi-Family Home for sale at $424,900 with 1,346 sqft and a lot size of 0.26. 3311 3315 SE 127TH PL has 3 bedrooms, 2.0 baths, and was built in 1950. The property's zip code is 97236 which is in Portland, OR