About This Home

This 3-bedroom, 1-bathroom single family at 227 SE 129TH Ave in Portland, OR is listed for $429,900 ($325 per sqft). Built in 1954, the home offers 1,323 sqft of living space on a 0.35 acres lot.

Key Features

  • Built in 1954
  • 0.35 acre lot

Property Details

1 story
1 full
1-car garage
1954
Listing 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

Monthly Cost Estimate

$2,299/mo

20% down · 6.5% · 30 years

Principal$311
Interest$1,863
Insurance$125

Estimates only. Actual payments may vary.

Location

227 SE 129TH Ave

Portland, OR 97233

Features & Amenities

Interior Features

HardwoodFloors

Exterior Features

FencedYard

Property Details

Heating

Forced Air

Appliances

DishwasherFreeStandingRange

Questions & Answers

This 3-bedroom, 1-bathroom single family at 227 SE 129TH Ave is listed at $429,900 ($325/sqft). The estimated monthly payment is $2,299 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1954, 0.35 acre lot. Interior Features: HardwoodFloors. Exterior Features: Fenced, Yard.

This property is listed by Kyle James.

KJ

Kyle James

Agent at Knipe Realty NW Inc

Listed by Knipe Realty NW Inc · Broker phone: (360) 904-4463 · View on Broker Site

MLS# 281974290· Source: Regional Multiple Listing Services· 80 days on PropertySimple

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

227 SE 129TH Ave, Portland, OR 97233

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