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.Renters are month to month.Home Energy Score: HES = 2 https://us.greenbuildingregistry.com/green-homes/OR10183260
Active
$439,900
227 SE 129th Ave, Portland, OR 97233
3beds
1,323sqft
Residential, Single Family Residence
Built in 1954
0.35 Acres Lot
$-- Zestimate®
$333/sqft
$-- HOA
What's special
Level fully fenced lotPellet stoveSingle-level homeUtility areaHardwood floorsFunctional layout
- 9 days |
- 132 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Kyle James 971-285-6028,
Knipe Realty ERA Powered,
Alis Mao 503-888-7898,
Knipe Realty ERA Powered
Source: RMLS (OR),MLS#: 281974290
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Utility Room, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Main
- Area: 132
- Dimensions: 12 x 11
Bedroom 2
- Level: Main
- Area: 132
- Dimensions: 12 x 11
Dining room
- Level: Main
- Area: 120
- Dimensions: 12 x 10
Kitchen
- Level: Main
Living room
- Features: Fireplace Insert, Wood Floors
- Level: Main
- Area: 260
- Dimensions: 20 x 13
Heating
- Forced Air
Appliances
- Included: Dishwasher, Free-Standing Range, Electric Water Heater
Features
- Flooring: Hardwood, Wood
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Pellet Stove, Insert
Interior area
- Total structure area: 1,323
- Total interior livable area: 1,323 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Attached, Converted Garage
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Ground Level, Main Floor Bedroom Bath, One Level, Accessibility
Features
- Levels: One
- Stories: 1
- Exterior features: Yard
- Fencing: Fenced
Lot
- Size: 0.35 Acres
- Features: Level, Light Rail, On Busline, SqFt 15000 to 19999
Details
- Parcel number: R159612
- Zoning: R5
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Block
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $333/sqft
- Tax assessed value: $420,060
- Annual tax amount: $5,152
- Date on market: 8/10/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Concrete, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Listed for sale | $439,900+63.5%$333/sqft |
Source:  RMLS (OR) #281974290 Report a problem | ||
| 4/2/2018 | Listing removed | $269,000$203/sqft |
Source: RE/MAX Equity Group #17549293 Report a problem | ||
| 4/2/2018 | Listed for sale | $269,000+7.6%$203/sqft |
Source: RE/MAX Equity Group #17549293 Report a problem | ||
| 3/30/2018 | Sold | $250,000-7.1%$189/sqft |
Source: RMLS (OR) #17549293 Report a problem | ||
| 2/15/2018 | Pending sale | $269,000$203/sqft |
Source: RE/MAX Equity Group #17549293 Report a problem | ||
| 1/29/2018 | Price change | $269,000-3.8%$203/sqft |
Source: RE/MAX Equity Group #17549293 Report a problem | ||
| 10/20/2017 | Price change | $279,500-17.8%$211/sqft |
Source: RE/MAX Equity Group #17549293 Report a problem | ||
| 6/16/2017 | Listed for sale | $340,000+48.1%$257/sqft |
Source: RE/MAX Equity Group #17549293 Report a problem | ||
| 5/6/2010 | Listing removed | $229,650$174/sqft |
Source: RE/MAX Equity Group, Inc. Report a problem | ||
| 12/19/2009 | Listed for sale | $229,650$174/sqft |
Source: RE/MAX Equity Group, Inc. Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,152 +4.4% | $213,070 +3% |
| 2024 | $4,935 +4.5% | $206,870 +3% |
| 2023 | $4,721 +5.5% | $200,850 +3% |
| 2022 | $4,475 +1.7% | $195,000 +3% |
| 2021 | $4,401 +10.4% | $189,330 +3% |
| 2020 | $3,987 +3.3% | $183,820 +3% |
| 2019 | $3,860 | $178,470 +3% |
| 2018 | $3,860 +3.2% | $173,280 +3% |
| 2017 | $3,742 +6.6% | $168,240 +3% |
| 2016 | $3,509 | $163,340 +3% |
| 2015 | $3,509 +3.2% | $158,590 +3% |
| 2014 | $3,398 +29.7% | $153,980 +3% |
| 2013 | $2,620 -2.2% | $149,500 +3% |
| 2012 | $2,680 -2.2% | $145,150 +3% |
| 2011 | $2,739 -7.1% | $140,930 +3% |
| 2010 | $2,947 +2.3% | $136,830 +3% |
| 2009 | $2,881 +3.5% | $132,850 +3% |
| 2008 | $2,782 +0.4% | $128,990 +3% |
| 2007 | $2,771 +4.9% | $125,240 +3% |
| 2006 | $2,642 +3.5% | $121,600 +3% |
| 2005 | $2,552 +12.8% | $118,060 +13% |
| 2004 | $2,263 +1.7% | $104,470 +3% |
| 2003 | $2,226 +9% | $101,440 +3% |
| 2002 | $2,043 +12.4% | $98,490 +6.1% |
| 2000 | $1,817 -5.1% | $92,850 -6.1% |
| 1999 | $1,915 | $98,910 |
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: Hazelwood
Nearby schools
GreatSchools rating
- 5/10Menlo Park Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Floyd Light Middle SchoolGrades: 6-8Distance: 1 mi
- 2/10David Douglas High SchoolGrades: 9-12Distance: 0.4 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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