This beautifully renovated duplex sits on a generous 0.32-acre lot with fully fenced backyards, offering both charm and functionality. Each unit is versatile, ideal as an investment property or a primary residence with extra living space. Conveniently located by shopping and amenities in this rapidly growing city, the property also features a carport and abundant additional parking. Address to the other side of this duplex is 12377 SE 122nd Ave.
Active
$825,000
12373 SE 122nd Ave, Happy Valley, OR 97086
5beds
2,623sqft
Multi Family
Built in 1956
-- sqft lot
$789,500 Zestimate®
$315/sqft
$-- HOA
What's special
Fully fenced backyardsAbundant additional parking
- 19 days
- 703
- 26
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Renee Jimenez 541-621-3325,
i5 Real Estate
Source: RMLS (OR),MLS#: 736089932
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced Air, Forced Air 95 Plus
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Electric Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Finished,Full
Interior area
- Total structure area: 2,623
- Total interior livable area: 2,623 sqft
Property
Parking
- Parking features: Carport, Driveway
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Stories: 2
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.32 Acres
- Features: SqFt 10000 to 14999
Details
- Parcel number: 00123690
- Zoning: R15
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Siding, Stone
- Roof: Other
Condition
- Updated/Remodeled
- Year built: 1956
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Happy Valley
Financial & listing details
- Price per square foot: $315/sqft
- Tax assessed value: $603,484
- Annual tax amount: $3,992
- Date on market: 8/22/2026
- Listing terms: Cash,Conventional,FHA
- Total actual rent: 4750
- Road surface type: Paved
Estimated market value
$789,500
$750,000 - $829,000
$2,316/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2026 | Listed for sale | $825,000+260.3%$315/sqft |
Source:  RMLS (OR) #736089932 Report a problem | ||
| 10/19/2025 | Listing removed | $2,400$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/4/2025 | Listed for rent | $2,400+14.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/28/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/20/2022 | Price change | $2,100-2.3%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/9/2022 | Price change | $2,150-10.4%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/8/2022 | Price change | $2,400-3.8%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/2/2022 | Price change | $2,495-4%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 7/25/2022 | Listed for rent | $2,600$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 5/27/2005 | Sold | $229,000$87/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,993 +3.7% | $211,772 +3% |
| 2024 | $3,850 +2.9% | $205,604 +3% |
| 2023 | $3,741 +5.7% | $199,616 +3% |
| 2022 | $3,538 +3.8% | $193,802 +3% |
| 2021 | $3,408 +3.3% | $188,158 +3% |
| 2020 | $3,298 +1.5% | $182,678 +3% |
| 2019 | $3,250 +14.4% | $177,358 +3% |
| 2018 | $2,840 | $172,192 +3% |
| 2017 | $2,840 +7.3% | $167,177 +3% |
| 2016 | $2,648 | $162,308 +3% |
| 2015 | $2,648 +3% | $157,581 +3% |
| 2014 | $2,572 +7.1% | $152,991 +3% |
| 2013 | $2,402 +2.4% | $148,535 +3% |
| 2012 | $2,345 +0.6% | $144,209 +3% |
| 2011 | $2,332 +6% | $140,009 +3% |
| 2010 | $2,201 +3.1% | $135,931 +3% |
| 2009 | $2,135 +6.6% | $131,972 +3% |
| 2008 | $2,002 +2.1% | $128,128 +3% |
| 2007 | $1,960 +11.9% | $124,396 +3% |
| 2006 | $1,752 | $120,773 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97086
Nearby schools
Schools provided by the listing agent
- Elementary: Spring Mountain
- Middle: Rock Creek
- High: Clackamas
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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