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$425,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,786 Sq. Ft.
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Well-kept Dallas home offering comfort, space and investment potential. Features 3 beds, 2 baths, open living area and storage-filled kitchen. Spacious, private backyard perfect for entertaining or gardening. Garage is partially converted ADU with 2nd bath, kitchenette and walk-in closet. County records show 2 beds/1 bath, 1258 SqFt - buyer to do due diligence. Close to schools, shopping and parks. Don't miss this opportunity!

Full Property Details for 221 SW Rainbow Ave

General

  • Price: $425,000
  • Taxes: $2,306 (2024)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 188188168
  • Updated: 9/22/2025
  • Added to Site: 151 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main - Full Baths: 2

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: 11 x 12, Main, 132 Sq. Ft.
  • Bedroom 2: 11 x 10, Upper, 110 Sq. Ft.
  • Bedroom 3: 24 x 13, Upper, 312 Sq. Ft.

Other Rooms

  • Living Room: 14 x 16, Main, 224 Sq. Ft.
  • Kitchen: 12 x 6, Main, 72 Sq. Ft.
  • Dining Room: 12 x 12, Main, 144 Sq. Ft.
  • Laundry: 7 x 9, Main
  • Mud Room: 7 x 9, Main

Parking

  • Garage: Yes
  • Total Spaces: 1

Location

  • County: Polk
  • Driving Directions: Ellendale Ave to SW Jasper St to SW Rainbow Ave

School Information

  • Elementary School: Lyle
  • Middle School: Lacreole
  • High School: Dallas

Community

  • Community Name: 167 - Polk Co: Except Salem

Heating & Cooling

  • Heating Type: Baseboard, Zoned
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: 2 Story
  • Roof: Shingle
  • Stories/Levels: 2
  • Square Feet: 1,786
  • Year Built: 1951
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size (Sq. Ft.): 7,405
  • Lot Size: 7, 000 to 9, 999 SqFt
  • Frontage: Paved

Financial Considerations

  • Tax Amount: $2,306.19
  • Tax Year: 2024
  • Terms: Cash, Conventional, FHA, USDA Loan, VA Loan

Disclosures and Reports

  • Legal Description: BLK 5 LOT 4, 5
  • Disclosures/Reports: Disclosure
  • Property ID: 133744

Listed by Coho Realty (503) 385-8835, Peter Braunworth (971) 707-4646

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Listing agent

— 221 SW Rainbow Ave —

  • Peter Braunworth

    Coho Realty

    503-385-8835

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 221 SW Rainbow Ave

School District:Dallas School District 2
NameGradesDistance
Lyle Elementary School
185 Southwest Levens Street, Dallas, OR 97338
K-30.2 mi
Whitworth Elementary School
1151 Southeast Miller Avenue, Dallas, OR 97338
4-51.2 mi
Lacreole Middle School
701 Southeast Lacreole Drive, Dallas, OR 97338
6-80.8 mi
Dallas High School
1250 Southeast Holman Avenue, Dallas, OR 97338
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 221 SW Rainbow Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/22/2025
Price Reduced
$425,000
-2.3%
MLS
9/12/2025
Price Reduced
$435,000
-2.25%
MLS
8/20/2025
Listed
$445,000
131.77%
MLS
7/10/2017
Sold
$192,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 221 SW Rainbow Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,306
4%
$163,470
3%
2023
$2,218
6%
$158,710
6%
2021
$2,100
-3%
$149,610
-3%
2022
$2,159
3%
$154,090
6%
2021
$2,100
6%
$145,260
3%
2019
$1,981
—
$141,030
3%
2018
$1,976
4%
$136,930
3%
2017
$1,898
—
$132,950
3%
2016
$1,901
3%
$129,080
3%
2015
$1,848
1%
$125,330
3%
2014
$1,822
7%
$121,680
4%
2013
$1,706
—
$116,460
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 221 SW Rainbow Ave

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NMLS#: 1598647

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Listed by Coho Realty (503) 385-8835, Peter Braunworth (971) 707-4646

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221 SW Rainbow Ave, Dallas, OR 97338 (MLS# 188188168) is a Single Family property with 3 bedrooms and 2 full bathrooms. 221 SW Rainbow Ave is currently listed for $425,000 and was received on August 20, 2025. Want to learn more about 221 SW Rainbow Ave? Do you have questions about finding other Single Family real estate for sale in Dallas? You can browse all Dallas real estate or contact a Coldwell Banker agent to request more information.

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