4510 SE 128th Ave, Portland, OR, 97236
About This Home
Huge price reduction!! Nothing like this currently on the market. Opportunity knocks within the city limits. This property provides a multitude of options. Currently an urban farmer's paradise with existing house plus multiple outbuildings. Level 1.89 acres prime for development. Preliminary plat approval to divide into 6 individual lots for SFRs, townhomes, ADUS, manufactured housing OR Middle housing/cottage cluster development. Existing house on site is habitable- utilize for rental income during development of site? Rare opportunity to acquire a large level parcel ready for development within the city limits. Quiet area of town directly across the street from a school and a quick drive to amenities in every direction. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10128667]
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1952
Materials
- Roof: Composition
- Construction materials: Shingle Siding,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Electric Water Heater
Bedroom2
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Features
- Number of fireplaces: 1
- Fireplace: Yes
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 1,676
- Total interior livable area: 1,676 sqft
Kitchen
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Main
Property
Details
- Parcel number: R334940
- Zoning: R10
Features
- Stories: 2
Lot
- Lot size: 1.89 Acres
- Features: Level,Acres 1 to 3
Parking
- Total spaces: 1
- Parking features: Driveway,Off Street,Detached
- 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
- Cold Wave
- Earthquake
- Heat Wave
- Inland Flooding
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 | $4,045 | $48,540 |
| Home Insurance * | $201 | $2,412 |
| Property Taxes | $1,625 | $19,500 |
| Electricity | $176 | $2,119 |
| Total | $6,047 | $72,564 |
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 |
|---|---|---|
| 2026-04-08 | Price change | $849,900 |
| 2026-03-02 | Price change | $899,000 |
| 2026-01-30 | Listed for sale | $1,000,000 |
| 2023-04-01 | Listing removed | -- |
| 2022-11-22 | Listed for sale | $275,000 |
| 2020-12-29 | Listing removed | -- |
| 2020-12-18 | Pending sale | $899,000 |
| 2020-10-15 | Listed for sale | $899,000 |
| 2019-10-15 | Sold | $475,000 |
| 2019-09-16 | Pending sale | $499,000 |
| 2019-08-07 | Listed for sale | $499,000 |
| 2019-07-29 | Pending sale | $499,000 |
| 2019-07-23 | Price change | $499,000 |
| 2019-07-07 | Listed for sale | $599,000 |
View on Zillow