Investor Special! Property is zoned as Residential Multi-Dwelling. This home is almost all original with so much potential! Newer roof and updated electrical. Featuring 3 bedrooms and 1.1 bathrooms, living room, family room, laundry and attached garage. Nicely landscaped backyard with spacious tool shed.
Single-familyProperty Type
1948Year Built
8,000 sq ftLot Size
$314Est. Price/Sq.Ft.
2 car garageParking
Listed by Oksana Berezhnoy• Keller Williams Premier Partners
Bought with Peter Clarke• Living Room Realty
Source:RMLS #23428415
Redfin Estimate
$465,636
$14K since sold in August 2026$12K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 20.1% higher than the average sale price ($388K) of 5 comparable homes.
Investor Special! Property is zoned as Residential Multi-Dwelling. This home is almost all original with so much potential! Newer roof and updated electrical. Featuring 3 bedrooms and 1.1 bathrooms, living room, family room, laundry and attached garage. Nicely landscaped backyard with spacious tool shed.
Year
Property tax
Land + Additions
Assessment*
2025
$4,520 (+4.4%)
2024
$4,330 (+4.5%)
2023
$4,142 (+5.5%)
2022
$3,926 (+1.7%)
2021
$3,861 (+10.4%)
2020
$3,498 (+0.2%)
2019
$3,492 (+6.4%)
2018
$3,283 (+3.8%)
2017
$3,162 (+2.7%)
2016
$3,078 (+2.5%)
2015
$3,004 (+7.4%)
2014
$2,798 (+15.8%)
2013
$2,416 (+12.3%)
2012
$2,151 (−10.0%)
2011
$2,391 (−10.2%)
2010
$2,663 (+2.3%)
2009
$2,603
Tax history for 3407 SE 120th Ave
Year
Property tax
Land + Additions
Assessment*
2025
$4,520 (+4.4%)
2024
$4,330 (+4.5%)
2023
$4,142 (+5.5%)
2022
$3,926 (+1.7%)
2021
$3,861 (+10.4%)
2020
$3,498 (+0.2%)
2019
$3,492 (+6.4%)
2018
$3,283 (+3.8%)
2017
$3,162 (+2.7%)
2016
$3,078 (+2.5%)
2015
$3,004 (+7.4%)
2014
$2,798 (+15.8%)
2013
$2,416 (+12.3%)
2012
$2,151 (−10.0%)
2011
$2,391 (−10.2%)
2010
$2,663 (+2.3%)
2009
$2,603
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
RM1
Residential Multi-Dwelling 1 Zone
The RM1 zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale to single-dwelling residential areas, such as the edges of mixed-use centers and civic corridors, and along or near neighborhood corridors. Allowed housing is characterized by one to three story buildings that relate to the patterns of residential neighborhoods, but at a somewhat larger scale and building coverage than allowed in the single-dwelling zones. The major types of new development will be duplexes, triplexes, rowhouses, courtyard housing, small apartment buildings, and other relatively small-scale multi-dwelling and small-lot housing types that are compatible with the characteristics of Portland's residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Jan 21, 2026 • Final
Residential bldg/trade
Bathroom
Electrical
Remodel
Aug 27, 2025 • Final
Fire systems
Install a fire sprinkler system throughout an existing house in accordance with fire protection standards.
Fire sprinkler
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1
Heating & Cooling
Heating Fuel Type: Oil
Heating Type: Forced Air
Fireplace Information
# of Fireplaces: 2
Fireplace Type: Brick Chimney
Has Fireplace
Exterior
Exterior Information
Foundation Type: Concrete
Building Style Type: Ranch
Exterior Wall: Wood
Building Type: Single Family
Property Information
Subdivision Name: NEELS TR 03
Living Sq. Ft: 1,482
Ground Floor Sq. Ft: 1,482
Building Sq. Ft: 1,966
# of Stories: 1
Legal Description: NEELS TR 3, BLOCK 2, N 80' OF LOT 1
Parking & Garage Information
# of Parking Spaces: 2
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 484
Garage / Carport Type: Attached
Lot Information
# of Buildings: 1
Land Sq. Ft: 8,000
Legal Lot Number: 1
Legal Block Number: 2
Acres: 0.18
Zoning Code: R2
State Use Description: RESIDENTIAL,IMPROVED
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 3
Baths: 1.5
Sq. Ft.: 1,482
Stories: 1.0
Lot Size: 8,000 square feet
Style: Single Family Residential
Year Built: 1948
Year Renovated: 1948
County: Multnomah County
APN: R224862
Home facts updated by county records on Oct 5, 2026
Around this home
Schools
Mill Park Elementary School
Public PreK-5 • Assigned • 0.8mi
6/10
Ron Russell Middle School
Public 6-8 • Assigned • 0.5mi
3/10
David Douglas High School
Public 9-12 • Assigned • 1.4mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
23 unhealthy days expected this year, 27 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97266
Average low and high temperatures (°F)
48
36
50
37
58
43
66
45
71
49
78
53
84
58
85
61
77
56
63
47
53
44
51
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.8 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$443,000 – $536,000
Reach more buyers when you sell with Redfin. Save up to $4,656 in fees.3 minutes to get started.