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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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227 SE 129th Ave , Portland, OR 97233
$439,900
Est. Payment: $2,246.64/mo
3 Bed
1 Bath
1323 Sqft
Status: Active | Days on site: 28
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KRER01 - JAMESKYL,MAOALIS
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House Description

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

Highlights

Listed by Kyle James , 971-285-6028 and Alis Mao , 503-445-7660 Knipe Realty ERA Powered , 503-445-7660. Portland Regional Multiple Listing Service mls logo

Property Type

Residential

Lot/Acreage
0.35

Year Built

1954

County

Multnomah

Area

143 - Portland Southeast

Listing ID

281974290

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1
  • Full Bathrooms:1
Appliances:Dishwasher, Free-Standing Range
Basement:Crawl Space
Other:
  • Additional:Hardwood Floors, Master on Main
Water:Public Water

Exterior Features

Lot:Level,Light Rail,On Busline
Garage Capacity:1
Zoning:R5
Roof:Composition
Others:
  • Additional:Fenced, Yard, Resale
Sewer:Public Sewer
Parking Features:Attached,Converted,Driveway
Principal Interest
$2,247
Taxes
$429

Home Price

$439,900

Loan Details

30 yrs
6.596%

Down Payment

20%
$87,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,246.64

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,246.64 $429.35 $0.00 $2,675.99
Yearly $26,959.66 $5,152.16 $0.00 $32,111.82
Total $808,789.83 $154,564.80 $0.00 $963,354.63

Today's Rates

30 Year

6.6%

20 Year

6.33%

15 Year

6.05%

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Market insight data is pulled from the same city as the listing being viewed (Portland, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

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Data last updated: 2026-09-07T13:53:59.000Z

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