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$869,000 -$21,000 (-2.36%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • Updated 2 days ago
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3123 SE 31st Ave, Portland, ORVideo Tour of 3123 SE 31st Ave, Portland, OR.
Beautiful 3-Unit Opportunity in the Heart of Richmond. Rarely available! This charming triplex 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 - includes 3.5 years of actual cash flow reports. Record-rich ownership.

Full Property Details for 3123 SE 31st Ave

General

  • Price: $869,000
  • Taxes: $8,924 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 289396741
  • Updated: 1/15/2026
  • Added to Site: 140 day(s) ago

Rental Information

  • Rent Includes: Sewer, Trash Collection, Water

Parking

  • Garage: Yes
  • Total Spaces: 1
  • Parking Features: Driveway, Garage

Location

  • County: Multnomah
  • Subdivision: Waverleigh/Richmond
  • Driving Directions: Division to 31st

School Information

  • Elementary School: Grout
  • Middle School: Hosford
  • High School: Cleveland

Community

  • Community Name: 143 - Portland Southeast

Heating & Cooling

  • Heating Type: Forced Air, Zoned
  • Heating Fuel: Electricity, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Partially Finished, Separate Living Quarters/Apartment/Aux Living Unit
  • Roof: Composition
  • Stories/Levels: 3
  • Square Feet: 3,046
  • Year Built: 1912
  • Property Condition: Existing

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,920
  • Lot Size: 3, 000 to 4, 999 SqFt
  • Lot Dimensions: 43 x 90
  • Frontage: Paved
  • Lot Features: Level

Financial Considerations

  • Operating Expenses: $29,872
  • Tax Amount: $8,924.25
  • Tax Year: 2024
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: WAVERLEIGH HTS, BLOCK 19, N 43' OF LOT 10&11
  • Property ID: R298853

Listed by KJK Properties PC (503) 772-8825, Kathryn King (503) 997-9035

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Listing agent

— 3123 SE 31st Ave —

  • Kathryn King

    KJK Properties PC

    503-772-8825

emaildocs@kjkproperties.com

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with our affiliated lender
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

Get Pre-Approved

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 3123 SE 31st Ave

School District:Portland School District 1j
NameGradesDistance
Grout Elementary School
3119 Southeast Holgate Boulevard, Portland, OR 97202
K-50.6 mi
Hosford Middle School
2303 Southeast 28th Place, Portland, OR 97214
6-80.4 mi
Cleveland High School, Portland, OR
3400 Southeast 26th Avenue, Portland, OR 97202
9-120.3 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 3123 SE 31st Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/15/2026
Price Reduced
$869,000
-2.36%
MLS
8/31/2025
Listed
$890,000
—
MLS
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 3123 SE 31st Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,257
4%
$343,550
3%
2024
$8,924
4%
$333,550
3%
2023
$8,581
10%
$323,840
12%
2021
$7,786
-7%
$287,980
-8%
2022
$8,395
8%
$314,408
12%
2021
$7,786
10%
$279,600
3%
2019
$7,093
6%
$271,460
3%
2018
$6,678
4%
$263,560
3%
2017
$6,401
9%
$255,890
3%
2016
$5,858
3%
$248,440
3%
2015
$5,704
2%
$241,210
3%
2014
$5,618
4%
$234,190
3%
2013
$5,406
—
$227,370
—
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.

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Listed by KJK Properties PC (503) 772-8825, Kathryn King (503) 997-9035

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3123 SE 31st Ave, Portland, OR 97202 (MLS# 289396741) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 3123 SE 31st Ave is currently listed for $869,000 and was received on August 31, 2025. Want to learn more about 3123 SE 31st Ave? Do you have questions about finding other Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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