15 NE 127TH Ave, Portland, OR 97230
MULTI_FAMILY - Portland, OR
- Added:
- Apr 8, 2025
- Days on Market:
- 446
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 15 NE 127TH Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 2
- Standard status
- Active
- APN
- R173254
- Size
- 2,496 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Description
- GREENFIR, LOT 3
- Tax Annual Amount
- 6629
Utilities
- Heating system
- Baseboard
Building Details
- Year built
- 1982
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Composition
Listing agent Rachelle Kammann (503) 314-9230
Listing office Kevin Morris Realty 10260 SW Greenburg Rd. Ste. 40, Portland, OR (503) 452-5400
Listing date Apr 8, 2025
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.
HighLights
- Townhouse‑style triplex with unit numbers 15, 17, and 19
- Each unit features cozy fireplaces and private back patios
- In‑unit washer & dryer hookups in each unit
- Baseboard heating; composition roof
- Year built: 1982
- 5.96% rate cap (per remarks); do not disturb tenants
Overview
Located at 15 NE 127TH Ave in Portland, Oregon (Multnomah County), the property is described as being just minutes from the MAX station and nearby shopping. The combination of residential character and convenient access to local amenities is intended to support a range of tenant needs.
For tenants, the unit layout emphasizes in-home comfort with fireplaces and practical laundry hookups, along with private outdoor space via the back patios. For owner-occupants, the three-unit configuration can support living in one unit while renting the others, while the R-1 zoning classification provides a residential framework for the property’s use as a triplex.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.4k | $21.00 |
| − Vacancy | −$2.7k | −$1.09 |
| EGI | $49.7k | $19.91 |
| − OpEx | −$14.9k | −$5.97 |
| NOI | $34.8k | $13.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.533074
- Latitude
- 45.522791
