3123 SE 31st AVE, Portland, OR 97202 | MLS #289396741 | Berkshire Hathaway HomeServices Northwest Real Estate
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Listing provided courtesy of KJK Properties PC- MLS# 289396741MLS ProviderContact Information: [email protected]

3123 SE 31st AVEPortland, OR 97202

Multi-Family · 3,046 Sq. ft. | 0.09 Acres
$840,000 Active

3123 SE 31st AVE Overview

Time on Site:
302 days
Visits:
7

Beautiful plex Opportunity in the Heart of Richmond. Rarely available! This charming plex 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. Ins $4092, h20 $3192, Garbage $720, lawn $2340 per year. Great day to show this home!

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3123 SE 31st AVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,046
  • Price/Sq.ft. $276
  • Lot 0.09 Acres

Details

General

School Information

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

Income/Expenses

  • Gross Income: 69263.0
  • Gross Scheduled Income: 69263.0
  • Net Operating Income: 49663.0
  • Operating Expense: 19599.0

Building Information

  • Year Built: 1912

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 143 - Portland Southeast
  • Subdivision Name: Waverleigh/Richmond

Community/Development

  • Community Features: All Landscaping,Laundry

Rent/Lease Information

  • Rent Includes: Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 9256.9
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: R298853
  • Property Condition: Existing
  • Property Type: Multi Family
  • Zoning: R5

Interior

Parking Information

  • Garage Spaces: 1.0

Building Interior

  • Building Area Total: 3046.0

General Information

  • Basement: Partially Finished,Separate Living Quarters/Apartment/Aux Living Unit
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air,Zoned
  • Stories: 3

Exterior

Parking Information

  • Parking Features: Driveway,Garage
  • Parking Total: 1.0

Lot Information

  • Lot Features: Level
  • Lot Size Dimensions: 43x90
  • Lot Size Square Feet: 3920.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 3
  • Sewer: Public Sewer

3123 SE 31st AVE Neighborhood

Community

97202 (PORTLAND) Demographics

37
Median Age
5,954
Population Density (per sq. mile)
66%
College Educated
$86,351
Estimated Median Income
9,199
Estimated Total Home Owners
8,995
Estimated Total Renters
51% / 49%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3123 SE 31st AVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3123 SE 31st AVE Market Data

Based on the last 30 days in this zip code

$731,346
Average List Price
$363
Average Price per Square Foot
38
Properties Sold
70
Average Days on Market
147
Properties for Sale
Calculations provided by Reliance Network

3123 SE 31st AVE History

Date Event Value Agent
5/10/2026Source: Regional MLS Price Reduction
$840,000 -1.6%
3/17/2026Source: Regional MLS Price Reduction
$854,000 -1.7%
1/15/2026Source: Regional MLS Price Reduction
$869,000 -2.4%
10/21/2025Source: Regional MLS Status Change
Active
10/9/2025Source: Regional MLS Status Change
Pending
8/31/2025Source: Regional MLS Added to Database
August 31, 2025