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Price cut: $75K (4/10)

$1,175,000

3122 N Williams Ave, Portland, OR 97227

4beds

3,949sqft

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Multi Family

Built in 1907

-- sqft lot

$-- Zestimate^®

$298/sqft

$-- HOA

What's special

Undeveloped corner lot

Fantastic development/ investment/owner occupant/urban farm opportunity on the Williams Corridor. Sale includes two tax lots. R308691 (.09 acres) contains a ground level store front/retail spaced currently leased as a bar; the upper residential duplex has two spacious 2-bedroom residential units. Possible 3rd bedroom in unit B. Adjacent parcel R308690 (.07 acres) is an undeveloped corner lot with an agricultural tax exemption based on current use as Fargo Forest, an urban farm and education space. Development package and floor plans available. Do not disturb tenants or walk on the property. Cross listed as commercial listing #776426559

219 days

191

6

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3

Appliances

Included: Range, Refrigerator, Electric Water Heater
Laundry: Washer Dryer Hookup

Features

Storage
Flooring: Wood

Interior area

Total structure area: 3,949
Total interior livable area: 3,949 sqft

Property

Parking

Parking features: On Street
Has uncovered spaces: Yes

Features

Stories: 3
Patio & porch: Deck
Has view: Yes
View description: City

Lot

Size: 6,969 Square Feet
Dimensions: 41 x 100 and 51 x 59
Features: Corner Lot, Level, Trees, SqFt 5000 to 6999

Details

Parcel number: R308691, R308690
Zoning: CM2

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding
Roof: Composition,Flat,Rubber

Condition

Existing
Year built: 1907

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Boise Eliot

HOA

Has HOA: No

Location

Region: Portland

Financial & listing details

Price per square foot: $298/sqft
Tax assessed value: $281,600
Annual tax amount: $6,441
Date on market: 11/25/2025
Listing terms: Cash,Conventional
Total actual rent: 7450

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
4/10/2026	Price change	$1,175,000-6%$298/sqft
Source: RMLS (OR) #596149847 Report a problem
1/5/2026	Price change	$1,250,000-10.7%$317/sqft
Source: RMLS (OR) #596149847 Report a problem
12/6/2025	Price change	$1,400,000-12.5%$355/sqft
Source: RMLS (OR) #596149847 Report a problem
11/25/2025	Listed for sale	$1,600,000$405/sqft
Source: RMLS (OR) #596149847 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	--
2024	$3,434 +2%	$128,330 +1%
2023	$3,367	$127,060
2022	--	--
2021	--	--
2020	--	--
2019	--	--
2018	--	--
2017	--	--
2016	$2,042	$86,620
2015	$2,042	--
2014	--	--
2002	$294 +7.3%	$13,850 +6%
2000	$274	$13,060

Find assessor info on the county website

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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.

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