3123 SE 31st Ave, Portland, OR, 97202
About This Home
Beautiful plex Opportunity in the Heart of Richmond. Rarely available! This charming plex has been lovingly maintained and has changed hands only a few times since 1980. Formerly owner-occupied until 2021, the property reflects pride of ownership and long-term care. Property Highlights:Updated roof and separate electrical meters. All units share water, sewer, and garbage. Inviting shared yard, grand front porch, and stately common entrance. Attached garage currently rented with Unit C. Comprehensive financial records available — includes 3.5 years of actual cash flow reports. Record-rich ownership. Great day to show this home!
Getting Around
Very Walkable
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Existing
- Year built: 1912
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
- Construction materials: Lap Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Range,Refrigerator,Washer/Dryer,Microwave,Other Water Heater
- Laundry features: Common Area
Basement
- Has basement: Yes
- Basement: Partially Finished,Separate Living Quarters Apartment Aux Living Unit,Storage Space
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Wood
Heating
- Heating features: Forced Air,Zoned
Interior Area
- Total structure area: 3,046
- Total interior livable area: 3,046 sqft
Property
Details
- Parcel number: R298853
- Zoning: R5
Features
- Stories: 3
- Has view: Yes
- View description: City
Lot
- Lot size: 3,920 sqft
- Features: Level,SqFt 3000 to 4999
- Lot size dimensions: 43 x 90
Parking
- Total spaces: 1
- Parking features: Driveway,Garage
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Multnomah County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,019 | $48,228 |
| Home Insurance * | $162 | $1,944 |
| Property Taxes | $675 | $8,100 |
| Electricity | $276 | $3,317 |
| Total | $5,132 | $61,584 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-10 | Price change | $840,000 |
| 2026-03-17 | Price change | $854,000 |
| 2026-01-16 | Price change | $869,000 |
| 2025-10-21 | Listed for sale | $890,000 |
| 2025-10-10 | Pending sale | $890,000 |
| 2025-08-31 | Listed for sale | $890,000 |
| 2021-09-20 | Sold | $850,000 |
| 2021-08-12 | Pending sale | $849,900 |
| 2021-08-09 | Listed for sale | $849,900 |
| 2021-08-06 | Pending sale | $849,900 |
| 2021-08-03 | Price change | $849,900 |
| 2021-07-22 | Listed for sale | $899,900 |
View on Zillow