PRICE REDUCTION. . . FANTASTIC OPPORTUNITY in Multnomah Village! Expanded potential for development with new R5 zoning changes. The owner is also selling the CM1 (small commercial) building (7401 SW Capitol Hwy), directly behind this home. A combination sale might offer more flexibility. Buyer due diligence here!
Mark Scholz • Keller Williams Realty Portland Premiere
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Provided by Redfin
Sale history for 7408 SW 31st Ave
Date
Event
Price
RMLS #21337205
Nov 2, 2021
Sold
$365,000
$138/sq ft
Oct 19, 2021
Pending
—
Oct 11, 2021
Listed
$350,000
$132/sq ft
Public Records
Jan 15, 1998
Sold
$135,000
$51/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,594 (+3.7%)
2024
$7,321 (+4.0%)
2023
$7,040 (+2.2%)
2022
$6,887 (+1.7%)
2021
$6,771 (+9.0%)
2020
$6,211 (+3.8%)
2019
$5,983 (+3.0%)
2018
$5,807 (+4.3%)
2017
$5,565 (+9.3%)
2016
$5,092 (+2.7%)
2015
$4,959 (+1.5%)
2014
$4,884 (+4.6%)
2013
$4,670 (+17.3%)
2012
$3,981 (−4.0%)
2011
$4,149 (+5.4%)
2010
$3,936 (+2.7%)
2009
$3,831
Tax history for 7408 SW 31st Ave
Year
Property tax
Land + Additions
Assessment*
2025
$7,594 (+3.7%)
2024
$7,321 (+4.0%)
2023
$7,040 (+2.2%)
2022
$6,887 (+1.7%)
2021
$6,771 (+9.0%)
2020
$6,211 (+3.8%)
2019
$5,983 (+3.0%)
2018
$5,807 (+4.3%)
2017
$5,565 (+9.3%)
2016
$5,092 (+2.7%)
2015
$4,959 (+1.5%)
2014
$4,884 (+4.6%)
2013
$4,670 (+17.3%)
2012
$3,981 (−4.0%)
2011
$4,149 (+5.4%)
2010
$3,936 (+2.7%)
2009
$3,831
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
5,867 Sq. Ft.
Year renovated
1922
Sq. Ft.
2,326
Year built
1922
Style
Single Family Residential
County
Multnomah County
APN
R122957
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 5, 2026.
R5
Residential 5,000 zone
The single-dwelling zones are intended to preserve land for housing and to provide housing opportunities for individual households. The zones implement the comprehensive plan policies and designations for single-dwelling housing and provide options for infill housing that is compatible with the scale of the single-dwelling neighborhood.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Mar 4, 2015 • Final
Code compliance
ADU
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.