227 Se 129th Ave, Portland, OR

$439,900

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3

Beds

1

Bath

1,323

Square feet

0.35

Acres

About 227 Se 129th Ave

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 https://us.greenbuildingregistry.com/green-homes/OR10183260

Features of 227 Se 129th Ave

MLS® # 281974290
Price $439,900
Bedrooms 3
Bathrooms 1.00
Full Baths 1
Square Footage 1,323
Acres 0.35
Year Built 1954
Type Residential
Sub-Type Single Family Residence
Style 1 Story, Ranch
Status Active

Community Information

Address 227 Se 129th Ave
Area 143 - Portland Southeast
City Portland
County Multnomah
State OR
Zip Code 97233

Amenities

Parking Spaces 1
Parking Driveway
# of Garages 1
Garages Attached, Converted
Is Waterfront No
Has Pool No

Interior

Interior Features Hardwood Floors
Appliances Dishwasher, Free-Standing Range
Heating Forced Air
Fireplace Yes
# of Fireplaces 1
Fireplaces Pellet Stove
# of Stories 1
Basement Crawl Space

Exterior

Exterior Block
Exterior Features Fenced, Yard
Lot Description Level, Light Rail, On Busline
Roof Composition

School Information

Elementary Menlo Park
Middle Floyd Light
High David Douglas

Additional Information

Date Listed August 10th, 2026
Days on Market 43
Zoning R5
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKnipe Realty ERA Powered
Contact Info971-285-6028

Listing Map

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