Townhouse-Style Triplex with
15 NE 127TH Ave Portland, OR 97230
For Sale
$550,000
MULTI_FAMILY - Portland, OR
Property Size2,496 SF
Lot Size0.20 Acres
Price / SF$220.35
Days on Market479
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 2, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 6, Bedroom 5, Bathroom 1
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 Agency:
Kevin Morris Realty
(503) 452-5400
Listed By:
Rachelle Kammann
(503) 314-9230
Added: Apr 8, 2025
Changed: Jul 28
Last Checked: Jul 30 at 1:06AM
MLS# 484809831
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.
Investment Insights
Based on property information with market context.
This for-sale townhouse-style triplex includes three units numbered 15, 17, and 19. Each spacious unit is designed with a cozy fireplace, in-unit washer and dryer hookups, and a private back patio for everyday comfort and outdoor use. The property is listed with a total building size of 2,496 square feet on a 0.2-acre lot.
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.
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.
Key Highlights
- Triplex townhouse‑style property with unit numbers 15, 17, and 19
- 1982 construction with composition roof
- Cozy fireplaces in each spacious unit
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 |
2,496 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$496.9K
$434.8K – $579.7K
NOI $34,783 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$457.8K
$400.6K – $534.2K
NOI $32,049 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$700.9K
$613.3K – $817.8K
NOI $49,066 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three townhouse-style units with private patios and washer/dryer hookups, near MAX transit and shopping for convenient living.
Where is this triplex located?
The property is located at 15 NE 127TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Triplex townhouse‑style property with unit numbers 15, 17, and 19; 1982 construction with composition roof; Cozy fireplaces in each spacious unit
