$560,000
$25K PRICE DROP

15 NE 127th Ave Portland, OR 97230

Hazelwood Neighborhood

Estimated payment $3,489/month

Total Views 7,577
6 Beds
3 Baths
2,496 Sq Ft
$224 Price per Sq Ft

About This Home

Charming Townhouse-Style Triplex! 15,17,19 are the unit #'s. Each spacious unit features cozy fireplaces, in-unit washer & dryer hookups, and private back patios—perfect for relaxing or entertaining. Conveniently located just minutes from the MAX station and shopping, this property offers excellent accessibility and appeal for renters or owner-occupants alike. A fantastic investment opportunity in a prime location! 5.96 RATE CAP! Do NOT Disturb the tenants

Listing Agent

Kevin Morris

Kevin Morris Realty License #201211118 Listed on: 04/08/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,629

Year Built

  • Built in 1982

Lot Details

  • 8,712 Sq Ft Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,496 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Schools

  • Menlo Park Elementary School
  • Floyd Light Middle School
  • David Douglas High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R173254

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $9,424
  • Gross Income $44,280
  • Net Operating Income $34,856

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,629

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1982
  • Property Attached Yn: No
  • Current Price For Status: 560000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 6
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Menlo Park
  • High School: David Douglas
  • Middle Or Junior School: Floyd Light

Lot Info

  • Zoning: R-1
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712.0
  • Parcel #: R173254

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 6628.92

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 12.65
  • Annual Gross Income: 44280.0
  • Property Net Operating Income: 34856.0
  • Annual Operating Expense: 9424.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
2025 $6,921 $286,200 -- --
2024 $6,629 $277,870 -- --
2023 $6,629 $269,780 $0 $0
2022 $6,011 $261,930 $0 $0
2021 $5,912 $254,310 $0 $0
2020 $5,356 $246,910 $0 $0
2019 $5,185 $239,720 $0 $0
2018 $5,026 $232,740 $0 $0
2017 $4,840 $225,970 $0 $0
2016 $4,713 $219,390 $0 $0
2015 $4,152 $213,000 $0 $0
2014 $3,910 $206,800 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/04/2025 06/04/25 Price Changed $560,000 -2.6% $224 / Sq Ft
05/10/2025 05/10/25 Price Changed $575,000 -1.7% $230 / Sq Ft
04/08/2025 04/08/25 For Sale $585,000 +40.6% $234 / Sq Ft
07/23/2020 07/23/20 Sold $416,150 -2.1% $167 / Sq Ft View Prior Sale
06/12/2020 06/12/20 Pending -- -- --
04/03/2020 04/03/20 For Sale $425,000 -- $170 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $416,150 First American Title
Interfamily Deed Transfer -- First American Title
Warranty Deed $253,000 Pacific Nw Title
Warranty Deed $206,000 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $416,150 VA
Previous Owner $200,000 Fannie Mae Freddie Mac
Previous Owner $164,800 Fannie Mae Freddie Mac
Closed $41,200 No Value Available
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 484809831

Regional Multiple Listing Service (RMLS)

APN: R173254

Oregon Multnomah County Portland 97230 Hazelwood

15 NE 127th Ave, Portland, OR

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Nearby Homes
Kevin Morris
Listing Agent
Kevin Morris
Section Image
Kevin Morris Realty
(971) 316-4436