Rare RH-zoned development opportunity in East Portland with a 15,000 SF lot and strong upside beyond the existing home. Seller has a preliminary concept for 9 units, but the real value here is in the land and its high-density multifamily potential. Located near MAX/transit, this site may benefit from Portland’s transit-oriented development standards, creating an attractive opportunity for builders, multifamily investors, and land bankers. Existing home can provide interim income or hold value while buyer pursues planning. Buyer to perform all due diligence regarding unit count, FAR, height, parking, transit-related allowances, and development feasibility.
Pending
$599,000
125 SE 126th Ave, Portland, OR 97233
4beds
1,288sqft
Residential, Single Family Residence
Built in 1947
0.34 Acres Lot
$-- Zestimate®
$465/sqft
$-- HOA
What's special
- 24 days |
- 24 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Paul Campbell 503-307-0769,
Epique Realty
Source: RMLS (OR),MLS#: 383110687
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Rooms
- Room types: Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Main
- Area: 132
- Dimensions: 11 x 12
Bedroom 2
- Level: Main
- Area: 110
- Dimensions: 10 x 11
Bedroom 3
- Level: Lower
- Area: 99
- Dimensions: 9 x 11
Living room
- Level: Lower
- Area: 120
- Dimensions: 10 x 12
Heating
- Baseboard
Features
- Basement: Finished,Full
Interior area
- Total structure area: 1,288
- Total interior livable area: 1,288 sqft
Property
Parking
- Parking features: Detached
Features
- Levels: Two
- Stories: 1
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.34 Acres
- Dimensions: 150 x 100
- Features: Level, SqFt 10000 to 14999
Details
- Parcel number: R216737
- Zoning: RH
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition,Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Hazelwood
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $465/sqft
- Tax assessed value: $489,930
- Annual tax amount: $3,882
- Date on market: 3/12/2026
- Cumulative days on market: 24 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2026 | Pending sale | $599,000$465/sqft |
Source:  RMLS (OR) #383110687 Report a problem | ||
| 3/12/2026 | Listed for sale | $599,000+90.2%$465/sqft |
Source: RMLS (OR) #383110687 Report a problem | ||
| 7/17/2025 | Sold | $315,000-42.2%$245/sqft |
Source: Public Record Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/4/2020 | Listing removed | $545,000$423/sqft |
Source: Owner Report a problem | ||
| 7/5/2020 | Listed for sale | $545,000+316%$423/sqft |
Source: Owner Report a problem | ||
| 9/18/2013 | Sold | $131,000-6.4%$102/sqft |
Source: RMLS (OR) #13243808 Report a problem | ||
| 8/10/2013 | Listed for sale | $139,900+35.8%$109/sqft |
Source: Townsend Group Realty #13243808 Report a problem | ||
| 9/8/2011 | Sold | $103,000+1%$80/sqft |
Source: Public Record Report a problem | ||
| 7/15/2011 | Price change | $102,000-2.9%$79/sqft |
Source: John L Scott Real Estate #11292268 Report a problem | ||
| 6/3/2011 | Price change | $105,000-60.4%$82/sqft |
Source: John L Scott Real Estate #11592936 Report a problem | ||
| 9/24/2009 | Listed for sale | $265,000+1.9%$206/sqft |
Source: Windermere/Bridgeport Realty Group #9053693 Report a problem | ||
| 4/19/2007 | Sold | $260,000+53.8%$202/sqft |
Source: Public Record Report a problem | ||
| 12/19/2005 | Sold | $169,000+64.8%$131/sqft |
Source: Public Record Report a problem | ||
| 1/14/1997 | Sold | $102,563$80/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,882 +4.4% | $160,560 +3% |
| 2024 | $3,719 +4.5% | $155,890 +3% |
| 2023 | $3,557 +5.5% | $151,350 +3% |
| 2022 | $3,372 +1.7% | $146,950 +3% |
| 2021 | $3,317 +10.4% | $142,670 +3% |
| 2020 | $3,005 +3.3% | $138,520 +3% |
| 2019 | $2,909 | $134,490 +3% |
| 2018 | $2,909 +3.2% | $130,580 +3% |
| 2017 | $2,820 +6.6% | $126,780 +3% |
| 2016 | $2,644 | $123,090 +3% |
| 2015 | $2,644 +2.4% | $119,510 +3% |
| 2014 | $2,581 +6.6% | $116,030 +3% |
| 2013 | $2,421 +3.3% | $112,660 +3% |
| 2012 | $2,344 +3.6% | $109,380 +3% |
| 2011 | $2,263 +1.9% | $106,200 +3% |
| 2010 | $2,221 +2.3% | $103,110 +3% |
| 2009 | $2,171 +3.5% | $100,110 +3% |
| 2008 | $2,096 +0.4% | $97,200 +3% |
| 2007 | $2,088 +4.9% | $94,370 +3% |
| 2006 | $1,991 +3.5% | $91,630 +3% |
| 2005 | $1,923 +2.8% | $88,970 +3% |
| 2004 | $1,871 +1.7% | $86,380 +3% |
| 2003 | $1,840 +9% | $83,870 +3% |
| 2002 | $1,689 +12.4% | $81,430 +6.1% |
| 2000 | $1,502 +4.1% | $76,760 +3% |
| 1999 | $1,443 | $74,530 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Hazelwood
Nearby schools
GreatSchools rating
- 5/10Menlo Park Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Floyd Light Middle SchoolGrades: 6-8Distance: 0.9 mi
- 2/10David Douglas High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Menlo Park
- Middle: Floyd Light
- High: David Douglas
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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A local agent can set up tours, give advice and negotiate with sellers.
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- Oregon
- Multnomah County
- Portland
- 97233
- Hazelwood
- 125 SE 126th Ave
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