$1,100,000
$150K PRICE DROP

121 SE 30th Place Unit 127 Portland, OR 97214

Kerns Neighborhood

Estimated payment $6,848/month

Total Views 8,817
6 Beds
4 Baths
3,240 Sq Ft
$340 Price per Sq Ft

Highlights

  • No HOA
  • Landscaped with Trees
  • Laundry Facilities
  • Sunnyside Environmental School Rated 9+
  • Baseboard Heating
  • High Speed Internet

About This Home

Massive price drop on this solid Mid-century 4 Plex. Variety of units for rich returns. Lots of opportunity to increase return on investment with this buy. Estimated 7.44 Cap Rate could be easy to reach based on market rents on newly updated units. Updates done in 2025 include (in some or all vacant units) interior paint, kitchen and bathroom fans and fixtures, lighting, flooring, cadet heaters. Four units + 3 separate garage leases creates multiple income streams. #121 - 1 bed/1 bath, hardwood floors. #123 - 2 bed/1 bath hardwoods. #125 3 bed/2 bath New LVP flooring thoughout. #127 2 bed/1 bath bamboo floors + new carpet in bedrooms. Low-e vinyl windows, double closets, tub + showers, on-site coin-op laundry. Additional $595/month income on 3 separately leased garage spaces. Located in the central eastside Kerns neighborhood smack dab in the middle of it all. Bamboo Sushi, Ken's Artisan Pizza, food pods, brews and more. Walk score = 96, bike score = 90. Walkers/bikers paradise! Lots of action + a desirable area for those drawn to the ease of living near work, food and fun, with many nearby parks.

Listing Agent

Teri Toombs

Wood Land Realty Brokerage Phone: 503-522-1691 License #200303178 Listed on: 03/14/2025

Co-Listing Agent

Reg Martocci

Wood Land Realty Brokerage Phone: 503-522-1691 License #201204047

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,810

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot
  • Landscaped with Trees

Parking

  • On-Street Parking

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,240 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Schools

  • Sunnyside Env Elementary And Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R214625

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Kerns Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,810

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1965
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Total Bedrooms: 6
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, Trees
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable,DSL
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry
  • Association: No

Schools

  • Elementary School: Sunnyside Env
  • High School: Franklin
  • Middle Or Junior School: Sunnyside Env

Lot Info

  • Zoning: R2.5
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R214625

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 10810.27

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,810 $404,040 -- --
2023 $10,395 $392,280 $0 $0
2022 $10,170 $380,860 $0 $0
2021 $9,998 $369,770 $0 $0
2020 $9,171 $359,000 $0 $0
2019 $8,834 $348,550 $0 $0
2018 $8,574 $338,400 $0 $0
2017 $8,218 $328,550 $0 $0
2016 $7,521 $318,990 $0 $0
2015 $7,324 $309,700 $0 $0
2014 $7,213 $300,680 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Price Changed $1,100,000 -4.3% $340 / Sq Ft
07/23/2025 07/23/25 Price Changed $1,150,000 -2.1% $355 / Sq Ft
06/26/2025 06/26/25 Price Changed $1,175,000 -1.7% $363 / Sq Ft
06/07/2025 06/07/25 Price Changed $1,195,000 -0.4% $369 / Sq Ft
04/24/2025 04/24/25 Price Changed $1,200,000 -2.0% $370 / Sq Ft
04/04/2025 04/04/25 Price Changed $1,225,000 -2.0% $378 / Sq Ft
03/14/2025 03/14/25 For Sale $1,250,000 +4.9% $386 / Sq Ft
08/08/2022 08/08/22 Sold $1,192,000 -4.6% $368 / Sq Ft
06/20/2022 06/20/22 Pending -- -- --
05/20/2022 05/20/22 Price Changed $1,250,000 0.0% $386 / Sq Ft
05/20/2022 05/20/22 For Sale $1,250,000 -3.5% $386 / Sq Ft
05/12/2022 05/12/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $1,295,000 -- $400 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- --
Warranty Deed $1,192,000 Fidelity National Title
Warranty Deed $492,500 Fidelity Natl Title Co Of Or
Bargain Sale Deed $184,500 Transnation Title Agency Or
Warranty Deed $263,000 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $546,700 Balloon
Previous Owner $580,000 New Conventional
Previous Owner $369,375 Purchase Money Mortgage
Previous Owner $287,000 Purchase Money Mortgage
Previous Owner $236,437 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 493082979

Regional Multiple Listing Service (RMLS)

APN: R214625