Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3123 SE 31St Ave Portland, OR 97202

    For Sale
    $890,000

    MULTI_FAMILY - Portland, OR

    Property size:
    3,046 SF
    Lot size:
    0.09 Acres
    Days on Market:
    47
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 3123 SE 31St Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R5
    Rooms
    Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1
    Bedrooms
    6
    APN
    R298853
    Size
    3,046 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Zoned, Forced Air

    Building Details

    Year built
    1912
    Floors in Building
    3
    Number of units
    3
    Roof type
    Composition

    KJK Properties, P.C. (503) 772-8825 [email protected]

    Listing agent Kathryn King (503) 772-8825

    Listing date Oct 21, 2025

    MLS# 289396741 Listing URL

    Copyright © 2025 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.

    Overview

    Charming Triplex in Richmond

    This charming triplex is located in the heart of Richmond and has been lovingly maintained. The property has changed hands only a few times since 1980 and was formerly owner-occupied until 2021. The property has an updated roof and separate electrical meters. All units share water, sewer, and garbage services. The property features an inviting shared yard, a grand front porch, and a stately common entrance. An attached garage is currently rented with Unit C. The lot size is 0.09 acres and the property size is 3046 square feet. The zoning is R5.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.633811
    Latitude
    45.500111

    Nearby Similar for Sale

    • $3,600,000
      4.51 Acres

      Forested Acres with Rental Units

      Unique investment opportunity near downtown Portland with high revenue potential.
      8720 SW Katherine Ln, Portland, OR 97225
      View Details
    • New
      $989,000
      0.08 Acres

      Innovative Duplex in Portland, Oregon

      Versatile duplex with potential for multi-generational living or rental income.
      16505 NW Liberty St, Portland, OR 97229
      View Details
    • New
      $370,000
      1,109 SF

      Renovated Loft in Pearl District

      Stunning, remodeled loft with commercial potential in prime location.
      1314 NW Irving St, Portland, OR 97209
      View Details
    • $1,075,000
      3,007 SF

      Office/Medical Building on Beaverton-Hillsdale Highway

      Well-maintained office/medical building in prime location with development opportunities.
      7303 SW Beaverton Hillsdale Hwy, Portland, OR 97225
      View Details
    • $1,475,000
      5,899 SF

      Turn-Key Multifamily Investment Opportunity

      Well-maintained, income-generating property in desirable Mill Park neighborhood.
      2448 SE 117Th Ave, Portland, OR 97216
      View Details
    • $690,000
      0.11 Acres

      Richmond Duplex: Investment Opportunity

      Charming 1912 duplex in the heart of Richmond.
      3504 SE Sherman St, Portland, OR 97214
      View Details

    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex with updated roof and shared yard.
    Where is this triplex located?
    The property is located at 3123 SE 31St Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: - Rarely available triplex in the heart of Richmond, offering a unique investment opportunity.; - Updated roof and separate electrical meters for each unit.; - Comprehensive financial records available, including 3.5 years of actual cash flow reports.
    (503) 772-8825
    Request Owner's contact information
    3123 SE 31St Ave Portland, OR 97202
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3123 SE 31St Ave
    Portland, OR 97202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3123 SE 31St Ave Portland, OR 97202
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.