Active

Price cut: $14K (5/10)

$840,000

3123 SE 31st Ave, Portland, OR 97202

6beds

3,046sqft

Get pre-qualified

Multi Family

Built in 1912

-- sqft lot

$-- Zestimate^®

$276/sqft

$-- HOA

What's special

Inviting shared yardStately common entranceAttached garageGrand front porch

Beautiful plex Opportunity in the Heart of Richmond. Rarely available! This charming plex has been lovingly maintained and has changed hands only a few times since 1980. Formerly owner-occupied until 2021, the property reflects pride of ownership and long-term care. Property Highlights:Updated roof and separate electrical meters. All units share water, sewer, and garbage. Inviting shared yard, grand front porch, and stately common entrance. Attached garage currently rented with Unit C. Comprehensive financial records available. Ins $4092, h20 $3192, Garbage $720, lawn $2340 per year.

313 days

613

44

Loading...

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Heating

Forced Air, Zoned

Appliances

Included: Dishwasher, Range, Refrigerator, Washer/Dryer, Microwave, Other Water Heater
Laundry: Common Area

Features

Flooring: Wood
Basement: Partially Finished,Separate Living Quarters Apartment Aux Living Unit,Storage Space

Interior area

Total structure area: 3,046
Total interior livable area: 3,046 sqft

Video & virtual tour

Property

Parking

Total spaces: 1
Parking features: Driveway, Garage
Garage spaces: 1
Has uncovered spaces: Yes

Features

Stories: 3
Has view: Yes
View description: City

Lot

Size: 3,920 Square Feet
Dimensions: 43 x 90
Features: Level, SqFt 3000 to 4999

Details

Parcel number: R298853
Zoning: R5

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Lap Siding
Foundation: Concrete Perimeter
Roof: Composition

Condition

Existing
Year built: 1912

Utilities & green energy

Gas: Gas
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: All Landscaping, Laundry
Subdivision: Waverleigh/Richmond

Location

Region: Portland

Financial & listing details

Price per square foot: $276/sqft
Tax assessed value: $723,950
Annual tax amount: $9,256
Date on market: 8/31/2025
Listing terms: Cash,Conventional
Total actual rent: 5650
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$3,711/mo

Price history

Date	Event	Price
5/10/2026	Price change	$840,000-1.6%$276/sqft
Source: RMLS (OR) #289396741 Report a problem
3/17/2026	Price change	$854,000-1.7%$280/sqft
Source: RMLS (OR) #289396741 Report a problem
1/16/2026	Price change	$869,000-2.4%$285/sqft
Source: RMLS (OR) #289396741 Report a problem
10/21/2025	Listed for sale	$890,000$292/sqft
Source: RMLS (OR) #289396741 Report a problem
10/10/2025	Pending sale	$890,000$292/sqft
Source: RMLS (OR) #289396741 Report a problem
8/31/2025	Listed for sale	$890,000+4.7%$292/sqft
Source: RMLS (OR) #289396741 Report a problem
9/20/2021	Sold	$850,000+0%$279/sqft
Source: RMLS (OR) #21369713 Report a problem
8/12/2021	Pending sale	$849,900$279/sqft
Source: RMLS (OR) #21369713 Report a problem
8/9/2021	Listed for sale	$849,900$279/sqft
Source: RMLS (OR) #21369713 Report a problem
8/6/2021	Pending sale	$849,900$279/sqft
Source: RMLS (OR) #21369713 Report a problem
8/3/2021	Price change	$849,900-5.6%$279/sqft
Source: RMLS (OR) #21369713 Report a problem
7/22/2021	Listed for sale	$899,900$295/sqft
Source: RMLS (OR) #21369713 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,257 +3.7%	$343,550 +3%
2024	$8,924 +4%	$333,550 +3%
2023	$8,581 +2.2%	$323,840 +3%
2022	$8,395 +7.8%	$314,400 +9.2%
2021	$7,786 +9%	$287,980 +3%
2020	$7,143 +3.8%	$279,600 +3%
2019	$6,880	$271,460 +3%
2018	$6,880 +3%	$263,560 +3%
2017	$6,678 +14%	$255,890 +3%
2016	$5,858	$248,440 +3%
2015	$5,858 +2.7%	$241,210 +3%
2014	$5,704 +5.5%	$234,190 +3%
2013	$5,406 +20%	$227,370 +3%
2012	$4,503 +5.3%	$220,750 +3%
2011	$4,278 -5.6%	$214,330 +3%
2010	$4,533 +2.7%	$208,090 +3%
2009	$4,414 +6%	$202,030 +3%
2008	$4,165 +0.3%	$196,150 +3%
2007	$4,153 +11.4%	$190,440 +3%
2006	$3,729 +4.7%	$184,900 +3%
2005	$3,562 -5.6%	$179,520 +3%
2004	$3,772 +3.3%	$174,300 +3%
2003	$3,652 +4.8%	$169,230 +3%
2002	$3,484 +12.1%	$164,310 +6.1%
2000	$3,109	$154,890

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.

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.

Get pre-qualified