Townhouse-Style Triplex in Portland

15 NE 127TH Ave, Portland, OR 97230

View on Map

For Sale

$560,000

MULTI_FAMILY - Portland, OR

Property size:

2,496 SF

Lot size:

0.20 Acres

Price / SF:

$224/SF

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 and a composition roof
Built in 1982

We can help!

Listing Contact

Rachelle Kammann

For Sale

$560,000

MULTI_FAMILY - Portland, OR

Property size:

2,496 SF

Lot size:

0.20 Acres

Price / SF:

$224/SF

Added:: Apr 8, 2025
Days on Market:: 433
Last Refresh:: Jun 14 at 10:06 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: Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 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

We can help!

Listing Contact

Rachelle Kammann

Listing agent Rachelle Kammann

Listing office Kevin Morris Realty 10260 SW Greenburg Rd. Ste. 40, Portland, OR

Listing date Apr 8, 2025

MLS# 484809831 Listing URL

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 and a composition roof
Built in 1982

Overview

This charming townhouse-style triplex is located in Portland, Oregon. The property consists of three units. Each unit features a fireplace, in-unit washer and dryer hookups, and a private back patio. The property is conveniently located minutes from the MAX station and shopping. The lot size is 0.2 acres, and the property size is 2496 square feet. The zoning is R-1. This property offers accessibility and appeal for renters or owner-occupants and represents an investment opportunity in a prime location.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $34,783 @ 7.0% cap · market cap 6.21%

Second Best

Apartment 5plus

$457.8K

$400.6K – $534.2K (±1% cap)

NOI $32,049 @ 7.0% cap · market cap 5.72%

Theoretical Best

Office A

$700.9K

$613.3K – $817.8K (±1% cap)

NOI $49,066 @ 7.0% cap · market cap 8.76%

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

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.533074
Latitude: 45.522791

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View Details

For sale
Triplexes
OR
Portland
97230
15 NE 127TH Ave

What type of property is this?

Triplex - Charming triplex with fireplaces, patios, and convenient location.

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 $560,000.

What are key features of this property?

This property features: 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

15 NE 127TH Ave, Portland, OR 97230

MULTI_FAMILY - Portland, OR

Property Features for 15 NE 127TH Ave

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Six-Unit Apartment Community

Single-Level Fourplex with Garages

Detached Cottage Multifamily Portfolio

Modern 4-Unit Residential Property

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

1907 Duplex with Separate Entrances

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

Craftsman Triplex with Three Meters

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