Exceptional investment opportunity in Portland’s Powellhurst-Gilbert neighborhood offering an estimated 6.75% cap rate and strong rental potential. This fully remodeled duplex has been extensively updated, making it a low-maintenance, income-producing property from day one. Major system upgrades include new 200-amp electrical service and panels, a new roof, gutters, exterior paint, and double-pane windows. Both units have been thoughtfully renovated with new flooring, fresh interior paint, new water heaters, updated interior water supply and waste lines, and remodeled kitchens and bathrooms featuring new cabinetry, countertops, and modern electrical and plumbing fixtures. Each unit offers comfortable, move-in-ready living along with dedicated storage, laundry hook-up, off-street parking for multiple vehicles, and a nicely sized backyard ready for your finishing touches. Ideal for investors or owner-occupants — rent both units for consistent cash flow or live in one unit while renting the other to help offset your mortgage. Don’t miss this turn-key opportunity in Southeast Portland, where demand for duplex housing continues to grow. All rents and financial information are estimates - buyer to verify.
Sold
$402,000
3311-3315 SE 127th Pl, Portland, OR 97236
3beds
1,346sqft
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$299/sqft
$1,959 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,959/mo
Zestimate® history
Owner options
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$2,497/mo
Est. payment
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$2,497/mo
Est. payment
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List your homeWhat's special
Nicely sized backyardFresh interior paintNew flooringExterior paintLaundry hook-upDouble-pane windowsNew cabinetry
Zillow last checked:
Listing updated:
Listed by:
Brian Eustis 503-490-4001,
Rarebird Real Estate
Bought with:
Shayla Hoang, 201245195
Works Real Estate
Source: RMLS (OR),MLS#: 770612929
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Geothermal
Cooling
- None
Appliances
- Included: Dishwasher, Range, Refrigerator, Electric Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total structure area: 1,346
- Total interior livable area: 1,346 sqft
Property
Parking
- Total spaces: 4
- Parking features: Off Street
Features
- Stories: 1
Lot
- Size: 0.26 Acres
- Features: Level, SqFt 10000 to 14999
Details
- Parcel number: R334308
- Zoning: RM1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Shake Siding, Wood Siding
- Foundation: Pillar/Post/Pier
- Roof: Composition,Shingle
Condition
- Updated/Remodeled
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 3000
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Sold | $402,000+0.5%$299/sqft |
Source:  RMLS (OR) #770612929 Report a problem | ||
| 5/7/2026 | Pending sale | $400,000$297/sqft |
Source: RMLS (OR) #770612929 Report a problem | ||
| 4/22/2026 | Price change | $400,000-5.9%$297/sqft |
Source: RMLS (OR) #770612929 Report a problem | ||
| 3/13/2026 | Listed for sale | $424,900+102.3%$316/sqft |
Source: RMLS (OR) #770612929 Report a problem | ||
| 12/8/2025 | Sold | $210,000$156/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,799 +4.4% | $157,120 +3% |
| 2024 | $3,639 +4.5% | $152,550 +3% |
| 2023 | $3,481 +5.5% | $148,110 +3% |
| 2022 | $3,300 +1.7% | $143,800 +3% |
| 2021 | $3,246 +10.4% | $139,620 +3% |
| 2020 | $2,940 +3.3% | $135,560 +3% |
| 2019 | $2,847 | $131,620 +3% |
| 2018 | $2,847 +3.2% | $127,790 +3% |
| 2017 | $2,759 +6.6% | $124,070 +3% |
| 2016 | $2,588 | $120,460 +3% |
| 2015 | $2,588 +3% | $116,960 +3% |
| 2014 | $2,513 +18.9% | $113,560 +3% |
| 2013 | $2,113 +10.7% | $110,260 +3% |
| 2012 | $1,909 -5.7% | $107,050 +3% |
| 2011 | $2,024 -6.9% | $103,940 +3% |
| 2010 | $2,174 +2.3% | $100,920 +3% |
| 2009 | $2,125 +3.5% | $97,990 +3% |
| 2008 | $2,052 +0.4% | $95,140 +3% |
| 2007 | $2,044 +4.9% | $92,370 +3% |
| 2006 | $1,949 +3.5% | $89,680 +3% |
| 2005 | $1,882 +2.8% | $87,070 +3% |
| 2004 | $1,831 +1.7% | $84,540 +3% |
| 2003 | $1,801 +9% | $82,080 +3% |
| 2002 | $1,653 +12.4% | $79,690 +6.1% |
| 2000 | $1,470 | $75,120 |
Find assessor info on the county website
Neighborhood: Powellhurst Gilbert
Nearby schools
GreatSchools rating
- 6/10Mill Park Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 3/10Ron Russell Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10David Douglas High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Mill Park
- Middle: Ron Russell
- 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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- Oregon
- Multnomah County
- Portland
- 97236
- Powellhurst Gilbert
- 3311-3315 SE 127th Pl
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