Corner lot. Flexible living. Cash flow. This Argay Terrace property delivers all three- an updated 3-bedroom, 2-bathroom home plus two lower-level living spaces with private entrances (currently rented as one combined unit at $2,100/month), all on a prime corner lot. Upstairs- hardwood floors, large picture windows, a skylit kitchen with breakfast bar, and a formal dining area. Downstairs- two kitchens (one brand new) and two bathrooms (one brand new), can function independently or be combined into a 2-bed, 2-bath unit. Rent both, Airbnb one, or house extended guests. New roof, electrical panel, kitchen & bathroom (2024), two wood-burning fireplaces, two washers & two dryers, attached garage + extra storage, private fenced yard with covered patio & deck- pet ready. Minutes from parks, shopping, and major freeways. Whether you're an investor, a first-time buyer looking to immediately offset your mortgage, or someone who simply needs room to grow- this is a rare one. >>> Please do not disturb tenants. <<< Buyer to verify all information.
Active
$620,000
3602 NE 134th Ave, Portland, OR 97230
5beds
2,388sqft
Multi Family
Built in 1962
-- sqft lot
$613,300 Zestimate®
$260/sqft
$-- HOA
What's special
Two wood-burning fireplacesFormal dining areaLarge picture windowsHardwood floorsCorner lot
- 20 days |
- 734 |
- 33 |
Zillow last checked:
Listing updated:
Listed by:
Darryn Foor 503-740-6300,
MORE Realty,
Sean Davey 503-984-9531,
MORE Realty
Source: RMLS (OR),MLS#: 359637586
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 1
- Partial bathrooms: 3
Heating
- Forced Air, Fireplace(s)
Cooling
- Wall Unit(s)
Appliances
- Included: Dishwasher, Range, Refrigerator, Gas Water Heater, Tank Water Heater
- Laundry: Common Area
Features
- Basement: Daylight,Exterior Entry,Separate Living Quarters Apartment Aux Living Unit
Interior area
- Total structure area: 2,388
- Total interior livable area: 2,388 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Size: 0.26 Acres
- Features: Corner Lot, Gentle Sloping, SqFt 10000 to 14999
Details
- Parcel number: R230155
- Zoning: R7
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter, Slab
- Roof: Composition
Condition
- Converted
- Year built: 1962
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Features: All Landscaping, Laundry
- Subdivision: Argay Terrace
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $260/sqft
- Tax assessed value: $558,030
- Annual tax amount: $6,600
- Date on market: 6/16/2026
- Listing terms: Cash,Conventional,FHA
- Total actual rent: 4400
- Road surface type: Paved
Estimated market value
$613,300
$583,000 - $644,000
$1,961/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Listed for sale | $620,000+24.2%$260/sqft |
Source:  RMLS (OR) #359637586 Report a problem | ||
| 8/15/2025 | Listing removed | $1,795$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/11/2025 | Listed for rent | $1,795$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/15/2023 | Sold | $499,000$209/sqft |
Source: RMLS (OR) #23090536 Report a problem | ||
| 11/9/2023 | Pending sale | $499,000$209/sqft |
Source: RMLS (OR) #23090536 Report a problem | ||
| 11/7/2023 | Listed for sale | $499,000$209/sqft |
Source: RMLS (OR) #23090536 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,601 +4.2% | $288,450 +3% |
| 2024 | $6,332 +4.3% | $280,050 +3% |
| 2023 | $6,072 +2% | $271,900 +3% |
| 2022 | $5,953 +1.7% | $263,990 +3% |
| 2021 | $5,854 +7.7% | $256,310 +3% |
| 2020 | $5,434 +5.7% | $248,850 +3% |
| 2019 | $5,143 | $241,610 +3% |
| 2018 | $5,143 +3.5% | $234,580 +3% |
| 2017 | $4,968 +7.9% | $227,750 +3% |
| 2016 | $4,606 | $221,120 +3% |
| 2015 | $4,606 +3% | $214,680 +3% |
| 2014 | $4,472 +17.5% | $208,430 +3% |
| 2013 | $3,806 +6% | $202,360 +3% |
| 2012 | $3,590 -4.5% | $196,470 +3% |
| 2011 | $3,761 -3.8% | $190,750 +3% |
| 2010 | $3,910 +2% | $185,200 +3% |
| 2009 | $3,833 +6.7% | $179,810 +3% |
| 2008 | $3,594 +0.1% | $174,580 +3% |
| 2007 | $3,592 +3.2% | $169,500 +3% |
| 2006 | $3,482 +1.9% | $164,570 +3% |
| 2005 | $3,418 +1.3% | $159,780 +3% |
| 2004 | $3,376 +3.3% | $155,130 +3% |
| 2003 | $3,267 +8.5% | $150,620 +3% |
| 2002 | $3,012 +7.2% | $146,240 +6.1% |
| 2000 | $2,810 +3.7% | $137,860 +3% |
| 1999 | $2,708 | $133,850 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
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Climate risks
Neighborhood: Argay
Nearby schools
GreatSchools rating
- 2/10Shaver Elementary SchoolGrades: K-5Distance: 0.2 mi
- 2/10Parkrose Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Parkrose High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Shaver
- Middle: Parkrose
- High: Parkrose
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Multnomah County
- Portland
- 97230
- Argay
- 3602 NE 134th Ave
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