Massive price drop on this solid Mid-century 4 Plex. Variety of units for rich returns. Lots of opportunity to increase return on investment with this buy. Estimated 7.44 Cap Rate could be easy to reach based on market rents on newly updated units. Updates done in 2025 include (in some or all vacant units) interior paint, kitchen and bathroom fans and fixtures, lighting, flooring, cadet heaters. Four units + 3 separate garage leases creates multiple income streams. #121 - 1 bed/1 bath, hardwood floors. #123 - 2 bed/1 bath hardwoods. #125 3 bed/2 bath New LVP flooring thoughout. #127 2 bed/1 bath bamboo floors + new carpet in bedrooms. Low-e vinyl windows, double closets, tub + showers, on-site coin-op laundry. Additional $595/month income on 3 separately leased garage spaces. Located in the central eastside Kerns neighborhood smack dab in the middle of it all. Bamboo Sushi, Ken's Artisan Pizza, food pods, brews and more. Walk score = 96, bike score = 90. Walkers/bikers paradise! Lots of action + a desirable area for those drawn to the ease of living near work, food and fun, with many nearby parks.
Active
Price cut: $50K (7/31)
$1,100,000
121 SE 30th Pl, Portland, OR 97214
8beds
3,240sqft
Est.:
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$340/sqft
$-- HOA
What's special
Interior paintCadet heatersDouble closetsBamboo floorsHardwood floorsLow-e vinyl windowsLvp flooring
- 164 days
- on Zillow |
- 437 |
- 25 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 07:53am
Listed by:
Teri Toombs 503-522-1691,
Wood Land Realty,
Reg Martocci 508-340-1456,
Wood Land Realty
Source: RMLS (OR),MLS#: 493082979

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Baseboard
Cooling
- None
Appliances
- Included: Dishwasher, Range, Refrigerator, Electric Water Heater
- Laundry: Common Area
Features
- Flooring: Hardwood
- Windows: Window Coverings
- Basement: Crawl Space
Interior area
- Total structure area: 3,240
- Total interior livable area: 3,240 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 5,227.2 Square Feet
- Features: Level, Trees, SqFt 5000 to 6999
Details
- Parcel number: R214625
- Zoning: R2.5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- T111 Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, DSL
Community & HOA
Community
- Features: Laundry
- Subdivision: Kerns
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $340/sqft
- Annual tax amount: $10,810
- Date on market: 3/14/2025
- Listing terms: Conventional
- Total actual rent: 4045
- Road surface type: Paved
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