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
Price cut: $10K (9/27)
$429,900
227 SE 129th Ave, Portland, OR 97233
3beds
1,323sqft
Residential, Single Family Residence
Built in 1954
0.35 Acres Lot
$-- Zestimate®
$325/sqft
$-- HOA
What's special
Level fully fenced lotPellet stoveSingle-level homeUtility areaHardwood floorsFunctional layout
- 55 days
- 134
- 10
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: $325/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 |
|---|---|---|
| 9/27/2026 | Price change | $429,900-2.3%$325/sqft |
Source:  RMLS (OR) #281974290 Report a problem | ||
| 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
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.
Similar homes
- $369,5003 bd1 ba910 sqft32 SE 126th Ave, Portland, OR 97233Active
MLS ID #717204258, Bill Gaffney, Change Realty, LLC. RMLS (OR) - $484,9003 bd2 ba1.3k sqft2008 SE 143rd Ave, Portland, OR 97233Active
MLS ID #190259644, Jim Nickila, RE/MAX Equity Group. RMLS (OR) - $394,0003 bd1 ba1.8k sqft1147 SE 174th Ave, Portland, OR 97233Active
MLS ID #137723171, Geri Penner, MORE Realty. RMLS (OR) - $395,0003 bd2 ba1.2k sqft11500 SE Hawthorne Blvd, Portland, OR 97216Active
MLS ID #227962285, Sharon Parmenter, Opendoor Brokerage LLC. RMLS (OR) - $569,9953 bd2 ba1.4k sqft12727 SE Sherman St, Portland, OR 97233ActiveMLS ID #561964272, Tony Yan, All Professionals Real Estate. RMLS (OR)
- $489,9003 bd2 ba1.5k sqft15236 SE Kelly St, Portland, OR 97236ActiveMLS ID #239221456, Peter Nguyen, MORE Realty. RMLS (OR)
- $370,0003 bd1 ba1k sqft11650 NE Glisan St, Portland, OR 97220ActiveMLS ID #791792705, Sharon Parmenter, Opendoor Brokerage LLC. RMLS (OR)
- $409,0002 bd1 ba895 sqft13545 SE Division St, Portland, OR 97236ActiveMLS ID #689853462, Jin Zhao, Kelly Right Real Estate of Portland, LLC. RMLS (OR)
- $438,0002 bd2 ba1.5k sqft1811 NE 149th Ave, Portland, OR 97230ActiveMLS ID #799555030, Terri Boughton, Century 21 North Homes Realty. RMLS (OR)
- $429,9003 bd2 ba1.2k sqft3522 SE 68th Ave, Portland, OR 97206ActiveMLS ID #670507140, Peter Nguyen, MORE Realty. RMLS (OR)
- $399,0003 bd2 ba1.3k sqft5900 SE 83rd Ave, Portland, OR 97266ActiveMLS ID #292010375, Jennifer Parral, Oregon First. RMLS (OR)
- $389,9004 bd2 ba1.8k sqft12110 SE Market St, Portland, OR 97216ActiveMLS ID #262783738, Antoine Dean, 24/7 Properties. RMLS (OR)
- $349,0004 bd1 ba1.6k sqft8305 SE Rhone St, Portland, OR 97266ActiveMLS ID #653542359, Jessie Yee, Oregon First. RMLS (OR)
- $395,0002 bd1 ba1k sqft9256 SE Morrison St, Portland, OR 97216ActiveMLS ID #284958251, Kenneth Bagley, Sowins Real Estate & Property Management, LLC. RMLS (OR)
- $449,0003 bd1 ba1.5k sqft12336 SE Holgate Blvd #2, Portland, OR 97236ActiveMLS ID #768026445, Han Ngo, Quickenhome. RMLS (OR)
- $499,9003 bd3 ba1.9k sqft6930 SE 122nd Ave, Portland, OR 97236ActiveMLS ID #476640532, Deb Counts-Tabor, Oregon First. RMLS (OR)
- $419,0004 bd2 ba1k sqft7802 NE 123rd Ave, Vancouver, WA 98682ActiveMLS ID #487874849, Alex Hart, Knipe Realty ERA Powered. RMLS (OR)
- $565,0005 bd3 ba1.5k sqft333 SE 165th Ave, Portland, OR 97233ActiveMLS ID #208778799, Kevin Levy, Premiere Property Group, LLC. RMLS (OR)
- $449,0003 bd3 ba1.8k sqft1514 SE 117th Ave, Portland, OR 97216ActiveMLS ID #549320782, Marina Globak, MORE Realty. RMLS (OR)
- $437,9003 bd1 ba1k sqft4001 E 14th St, Vancouver, WA 98661ActiveMLS ID #754699488, Valerie DiRocco, Kelly Right Real Estate Vancouver. RMLS (OR)
