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1821 SE 122nd Ave #4, Portland, OR, 97233

4beds
3baths
1,580sqft
$374,900
$237price/sqft
$2,923/moest. monthly cost
$116,920/yrincome needed

About This Home

Great investment opportunity! This spacious 4-bedroom, 2.5-bathroom townhouse offers low HOA dues and excellent rental potential. Conveniently located in SE Portland, you'll enjoy easy access to public transportation, parks, Powell Butte Nature Park, Mall 205, shopping, dining, and everyday amenities. The property is currently occupied by tenants, providing an attractive opportunity for investors seeking immediate rental income. Please see remarks for showing appointment.

Getting Around

76
WalkingVery Walkable
43
TransitSome Transit
86
BikeVery Bikeable

Schools

6/10
5/10
2/10
David Douglas High SchoolGrades 9-120.7 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 2008

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: Condo
  • Property subType: Residential,Condominium

Interior

Appliances

  • Appliances included: Built-In Range,Dishwasher,Gas Water Heater
  • Laundry features: Hookup Available

Basement

  • Basement: Crawl Space

Bedroom2

  • Level: Upper

Bedroom3

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • Partial bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Level: Main

Features

  • Window features: Double Pane Windows
  • Flooring: Wall to Wall Carpet

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 1,580
  • Total interior livable area: 1,580 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Upper

Property

Accessibility

  • Accessibility features: Parking,Accessibility

Details

  • Parcel number: R617580

Features

  • Levels: Two
  • Stories: 2
  • Exterior features: Yard
  • Fencing: Fenced

Lot

  • Features: Cul-De-Sac

Parking

  • Total spaces: 1
  • Parking features: Driveway,Condo Garage (Attached),Attached
  • 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
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Multnomah County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $1,895$22,740
Home Insurance *$92$1,104
Property Taxes $760$9,120
Electricity $176$2,119
Total$2,923$35,076
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$100,217/yr
40% on housing$87,690/yr
45% on housing$77,946/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

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.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$237This listing

vs Other Active Listings

Avg $/sqft

ZIP 97233$177
Multnomah County$244

vs Homes Sold Last Month

Median $/sqft

ZIP 97233$264
Multnomah County$288

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

DateEventPrice
2026-08-16Listed for sale$374,900
2026-08-07Listing removed$374,900
2026-07-19Listed for sale$374,900
2013-03-01Sold$143,000

For Sale by Agent

AgentSammi Chen
BrokerageMORE Realty

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