227 SE 129TH AVE
Portland, OR, 97233 $ 439,900
Bedrooms3 Baths1.0 Sq 1,323 Monthly Estimate*
$ 2,778
for $439,900 with 3 bedrooms and 1 full bath. This 1,323 square foot home was built in 1954 on a lot size of 0.35.
Currently used as a rental. Rare East Portland Opportunity on an Expansive Lot! Situated on approximately 0.35 acres, 227 SE 129th Ave presents a unique opportunity for homeowners, investors, and developers alike. The existing single-level home offers approximately 1,323 sq. ft. of living space with a functional layout, hardwood floors, a spacious living room featuring a pellet stove, kitchen, utility area, and attached 2-car garage. The level, fully fenced lot is a standout feature, offering abundant space for outdoor living, gardening, recreation, expansion, or exploring future development possibilities. With multi-dwelling zoning potential, this property offers flexibility and long-term upside that is increasingly difficult to find on a parcel of this size in Portland. Conveniently located in East Portland with easy access to public transportation, shopping, dining, parks, and major eastside corridors. Whether you're looking to create your next home, add value through improvements, or explore the development potential of a large residential parcel, this property is worth a closer look. Bring your vision and unlock the possibilities at 227 SE 129th Ave! Buyer to perform all due diligence regarding zoning, development potential, permitted uses, and applicable requirements with the City of Portland.Home Energy Score: HES = 2 https://us.greenbuildingregistry.com/green-homes/OR10183260
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FeaturesInteriorInterior Amenities HardwoodFloors
Basement CrawlSpace
Total Fireplaces 1
Fireplace Features PelletStove
Hot Water Electricity
Total Bathrooms 1.0
Total Bedrooms 3
Total Baths 1
1/2 Baths 0
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GeneralSewer PublicSewer
Heating ForcedAir
Roof Composition
Appliances Dishwasher FreeStandingRange
Zoning R5
Garage Spaces 1.0
Architectural Style Stories1 Ranch
Year Built 1954
Stories Count 1
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number R159612
Accessibility GroundLevel MainFloorBedroomBath OneLevel
County Multnomah
Property Type Residential
HOA N
Full Baths 1
Status Active
Directions SE 129th between Burnside and Stark
High School David Douglas
City Portland
Disclosures Disclosure
MLS Area _143
Lot Size Square Feet 15246.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Menlo Park
Tax Annual Amount 5152.16
Middle/Junior High School Floyd Light
Property Condition Resale
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description FAIR AC N 60' OF LOT 17 EXC PT IN ST & S 18' OF LOT 18 EXC PT IN
ADU False
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ExteriorExterior Amenities Fenced Yard
Parking Features Driveway
Lot Features Level LightRail OnBusline
Water Source PublicWater
Total Parking 1.0
Garage Type Attached Converted
Exterior Description Block
Building Area Total 1323.0
Lot Size Acres 0.35
Road Surface Type Concrete Paved
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* Excluded FeaturesList ByKnipe Realty Era PoweredBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,778
- Monthly Property Taxes
- $429
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbySingle family listings in Portland, OR
Average List Price $767,129
Percent of Sale Price 74%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949929 Elementary School
1949051 Middle School
David Douglas High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/10/2026 | $439,900 | | Listed Price |