1915 N Jantzen Ave · Portland, OR 97217

$220,000

2 bd · 2.0 ba · 1,348 sqft · Other · 205 Days on market

Built 1978 $163/sqft · 39% below area Est $358k · 39% under $480/mo HOA · 16% of rent

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.1/30.0
• ARV discount +15.0/15.0
• 1% rule +8.6/10.0
• DSCR +7.1/10.0
• Schools +5.0/10.0
• Livability +3.9/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This lovely, light-filled floating home is newly remodeled and move-in ready. The kitchen was completely redone. The flooring on the first and second floors is new. It's been repainted inside also. The first level features an open floor plan with a sliding glass door to the back deck, a guest bedroom, and a full bathroom. The spacious upper level primary suite of this floating house has a sitting area and office space. Sunlit ensuite bath with jetted tub, separate shower, and double vanity with storage. Oversized walk-in closet with organizers. Wraparound upper deck, providing panoramic river views. Laundry room with washer and dryer. Don’t miss out on this affordable 2-bedroom floating home. For the price, this is a great condo alternative. Slip ownership is included. Float work was done recently; financing should be available. Contact your broker to find out more or to schedule a showing today!

Key facts

• Open floor plan
• New flooring
• Spacious upper level

Tags

• COMPLETELY REDONE KITCHEN
• NEW FLOORING
• OPEN FLOOR PLAN
• SLIDING GLASS DOOR
• SPACIOUS UPPER LEVEL
• SITTING AREA

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $220k.

Deal economics

• At list price, monthly cash flow is $356 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).
• Recommended offer: $194k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 2.2% in Portland — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#72 in OR, #3,256 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime F, cost of living F.
• Market conditions: Rents flat; 298 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,041 units permitted in Multnomah County in 2024 (905 in 5+ unit buildings).
• This rent runs 36% of the median local income ($100k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Multnomah County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 205 days — a 12% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 24y ago; this cycle's ask has dropped $65k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $129k; list at $220k implies a 71% gain — meaningful room to come down on a strong offer.

Recommended offer $193,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 205 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.36% ✓
• Cap rate: 8.23%
• Cash-on-cash: 6.93%
• DSCR: 1.31
• GRM: 6.1

CMA / ARV

• ARV (median comp): $358,399
• List price: $220,000
• Delta: -30.25%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.89% rent growth · sell at horizon

5-year hold

• IRR: -8.5%
• Equity multiple: 0.69×
• Total profit: $-18,847
• Equity at exit: $32,803

10-year hold

• IRR: -2.8%
• Equity multiple: 0.83×
• Total profit: $-10,240
• Equity at exit: $19,022

Cash invested: $61,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State Oregon: 28 Tenant-Leaning · D+6
• County: — inherits STATE
• City Portland: 0 Strongly Tenant-Friendly · D+39

Mandatory relocation for no-cause evictions; rent increase notice 90 days.

Methodology + full state rankings →

ZIP-level market 97217

• Rents YoY: 0.9%
• Active inventory: 298
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $2,983 high
• Mortgage (P&I): −$1,154
• Tax est. 1.5%: −$275 /mo · $3,300/yr
• Insurance: −$92
• HOA: −$480
• Vacancy / Maint / Mgmt: −$626
• Net cashflow: $356

Break-even live

Break-even rent $2,532

Max offer price $220,000

Occupancy floor 83%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1245 N Anchor Way Portland, OR	2.0	1.0–2.0	856	$2,250	$2.63	2d	16	0.70mi
1055 N Anchor Way Portland, OR	1.0–2.0	1.0–2.0	1056	$3,150	$2.98	2d	34	0.80mi
540 N Hayden Bay Dr Portland, OR	3.0	2.0	1816	$3,095	$1.70	3d	1	0.85mi
995 N Marine Dr Portland, OR	2.0	1.0–2.0	924	$2,036	$2.20	3d	11	0.93mi
1111 W Columbia Way Vancouver, WA	2.0	1.0–2.5	857	$4,800	$5.60	2d	28	0.97mi
111 Parkway Pl Vancouver, WA	1.0–2.0	1.0–2.0	983	$4,995	$5.08	2d	3	0.98mi
123 N Hayden Bay Dr Portland, OR	2.0	1.0	889	$2,249	$2.53	44d	1	1.01mi
1110 W Columbia Way Vancouver, WA	2.0	1.0–2.0	783	$3,849	$4.91	2d	13	1.01mi
440 W Columbia Way Vancouver, WA	2.0	1.0–2.0	863	$4,400	$5.10	2d	150	1.02mi
500 W Columbia Way Vancouver, WA	2.0	1.0–2.0	849	$3,995	$4.71	2d	6	1.03mi
1000 W Columbia Way Vancouver, WA	1.0–2.0	1.0–2.0	767	$3,282	$4.28	2d	11	1.04mi
411 Columbia St Vancouver, WA	2.0	1.0–2.0	818	$3,377	$4.13	2d	14	1.16mi
110 N Tomahawk Island Dr Portland, OR	1.0–2.0	1.0–2.0	994	$2,674	$2.69	2d	27	1.20mi
608 Washington St Vancouver, WA	2.0	1.0–2.0	903	$3,236	$3.58	2d	11	1.28mi
300 W 8th St Vancouver, WA	1.0–2.0	1.0–2.0	915	$2,932	$3.20	2d	1	1.31mi
500 Broadway St #506 Vancouver, WA	2.0	2.0	1837	$3,295	$1.79	24d	1	1.31mi
209 W Evergreen Blvd Vancouver, WA	2.0	1.0	1048	$2,765	$2.64	4d	1	1.39mi
11505 NE Yacht Harbor Dr Portland, OR	2.0	2.0	2559	$4,356	$1.70	2d	5	1.49mi

HOA detail

• Monthly dues: $480 · $5,760/yr

Listing history 21 events

1. 2026-06-18
   days on market $220,000 Active 205 DOM
2. 2026-06-18
   price $220,000 Active 204 DOM
3. 2026-06-17
   days on market $250,000 Active 204 DOM
4. 2026-06-16
   days on market $250,000 Active 203 DOM
5. 2026-06-15
   days on market $250,000 Active 202 DOM
6. 2026-06-13
   days on market $250,000 Active 200 DOM
7. 2026-06-09
   days on market $250,000 Active 196 DOM
8. 2026-06-08
   days on market $250,000 Active 195 DOM
9. 2026-06-07
   days on market $250,000 Active 194 DOM
10. 2026-06-03
    days on market $250,000 Active 190 DOM
11. 2026-06-02
    days on market $250,000 Active 189 DOM
12. 2026-06-01
    days on market $250,000 Active 188 DOM
13. 2026-05-31
    days on market $250,000 Active 187 DOM
14. 2026-04-08
    price $250,000 919-char remark

    Show marketing remark (919 chars)

    This lovely, light-filled floating home is newly remodeled and move-in ready. The kitchen was completely redone. The flooring on the first and second floors is new. It's been repainted inside also. The first level features an open floor plan with a sliding glass door to the back deck, a guest bedroom, and a full bathroom. The spacious upper level primary suite of this floating house has a sitting area and office space. Sunlit ensuite bath with jetted tub, separate shower, and double vanity with storage. Oversized walk-in closet with organizers. Wraparound upper deck, providing panoramic river views. Laundry room with washer and dryer. Don’t miss out on this affordable 2-bedroom floating home. For the price, this is a great condo alternative. Slip ownership is included. Float work was done recently; financing should be available. Contact your broker to find out more or to schedule a showing today!

15. 2026-03-20
    price $255,000 919-char remark

    Show marketing remark (919 chars)

    This lovely, light-filled floating home is newly remodeled and move-in ready. The kitchen was completely redone. The flooring on the first and second floors is new. It's been repainted inside also. The first level features an open floor plan with a sliding glass door to the back deck, a guest bedroom, and a full bathroom. The spacious upper level primary suite of this floating house has a sitting area and office space. Sunlit ensuite bath with jetted tub, separate shower, and double vanity with storage. Oversized walk-in closet with organizers. Wraparound upper deck, providing panoramic river views. Laundry room with washer and dryer. Don’t miss out on this affordable 2-bedroom floating home. For the price, this is a great condo alternative. Slip ownership is included. Float work was done recently; financing should be available. Contact your broker to find out more or to schedule a showing today!

16. 2026-02-17
    price $260,000 919-char remark

    Show marketing remark (919 chars)

    This lovely, light-filled floating home is newly remodeled and move-in ready. The kitchen was completely redone. The flooring on the first and second floors is new. It's been repainted inside also. The first level features an open floor plan with a sliding glass door to the back deck, a guest bedroom, and a full bathroom. The spacious upper level primary suite of this floating house has a sitting area and office space. Sunlit ensuite bath with jetted tub, separate shower, and double vanity with storage. Oversized walk-in closet with organizers. Wraparound upper deck, providing panoramic river views. Laundry room with washer and dryer. Don’t miss out on this affordable 2-bedroom floating home. For the price, this is a great condo alternative. Slip ownership is included. Float work was done recently; financing should be available. Contact your broker to find out more or to schedule a showing today!

17. 2026-01-04
    price $265,000 919-char remark

    Show marketing remark (919 chars)

    This lovely, light-filled floating home is newly remodeled and move-in ready. The kitchen was completely redone. The flooring on the first and second floors is new. It's been repainted inside also. The first level features an open floor plan with a sliding glass door to the back deck, a guest bedroom, and a full bathroom. The spacious upper level primary suite of this floating house has a sitting area and office space. Sunlit ensuite bath with jetted tub, separate shower, and double vanity with storage. Oversized walk-in closet with organizers. Wraparound upper deck, providing panoramic river views. Laundry room with washer and dryer. Don’t miss out on this affordable 2-bedroom floating home. For the price, this is a great condo alternative. Slip ownership is included. Float work was done recently; financing should be available. Contact your broker to find out more or to schedule a showing today!

18. 2025-12-17
    price $275,000 919-char remark

    Show marketing remark (919 chars)

    This lovely, light-filled floating home is newly remodeled and move-in ready. The kitchen was completely redone. The flooring on the first and second floors is new. It's been repainted inside also. The first level features an open floor plan with a sliding glass door to the back deck, a guest bedroom, and a full bathroom. The spacious upper level primary suite of this floating house has a sitting area and office space. Sunlit ensuite bath with jetted tub, separate shower, and double vanity with storage. Oversized walk-in closet with organizers. Wraparound upper deck, providing panoramic river views. Laundry room with washer and dryer. Don’t miss out on this affordable 2-bedroom floating home. For the price, this is a great condo alternative. Slip ownership is included. Float work was done recently; financing should be available. Contact your broker to find out more or to schedule a showing today!

19. 2025-11-25
    listed $285,000 Active 919-char remark

    Show marketing remark (919 chars)

    This lovely, light-filled floating home is newly remodeled and move-in ready. The kitchen was completely redone. The flooring on the first and second floors is new. It's been repainted inside also. The first level features an open floor plan with a sliding glass door to the back deck, a guest bedroom, and a full bathroom. The spacious upper level primary suite of this floating house has a sitting area and office space. Sunlit ensuite bath with jetted tub, separate shower, and double vanity with storage. Oversized walk-in closet with organizers. Wraparound upper deck, providing panoramic river views. Laundry room with washer and dryer. Don’t miss out on this affordable 2-bedroom floating home. For the price, this is a great condo alternative. Slip ownership is included. Float work was done recently; financing should be available. Contact your broker to find out more or to schedule a showing today!

20. 2003-09-26
    soldstatus $129,000 217-char remark

    Show marketing remark (217 chars)

    YAFFORDABLE RIVER LIVING IN THIS LITE & BRITE HM, 2BD, 2BA, +OFF, ON 2 LEVELS, ALL VINYL WIN & SLIDERS, VAULTED MSTRBDRM W/ WALK IN CLOSET, JACUZZI TUB. INCL ALL APPLS, LG SWIM FLT, HOME WARR & PAID SLIP!!

21. 2002-10-11
    listed $129,000 217-char remark

    Show marketing remark (217 chars)

    YAFFORDABLE RIVER LIVING IN THIS LITE & BRITE HM, 2BD, 2BA, +OFF, ON 2 LEVELS, ALL VINYL WIN & SLIDERS, VAULTED MSTRBDRM W/ WALK IN CLOSET, JACUZZI TUB. INCL ALL APPLS, LG SWIM FLT, HOME WARR & PAID SLIP!!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌡 Heat 3/10 Moderate
• 🫁 Air quality 10/10 Extreme 19 unhealthy d/yr today · 20 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,791
• − Mortgage interest: −$12,323
• − Property taxes: −$3,300
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,863
• − Management: −$2,863
• − HOA: −$5,760
• − Depreciation: −$6,400
• Taxable income: $1,181
• Est. tax owed @ 24.0%: −$283
• After-tax cash flow: $3,987/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — Portland

• Score: 77/100
• State rank: #72
• US rank: #3256

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A Housing B+ Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Portland, OR
• County: Multnomah County · 786,692 people
• City population: 774,334
• Metro: Portland-Vancouver-Hillsboro, OR-WA
• Population (ZIP): 35,169
• Household income: $100,361
• Rent vs Own: 43.5% rent · 56.5% own
• Severe rent burden: 1532.0

Population outlook (Multnomah County) Hauer SSP2

• Today (2025): 930,825 people
• By 2030: 996,904 · +7.1%
• By 2040: 1,121,379 · +20.5%
• By 2050: 1,242,124 · +33.4%
• By 2075: 1,464,431 · +57.3%
• By 2100: 1,576,181 · +69.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Two or more races 12% Hispanic / Latino 9% Black 7% Asian 3%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 5% Slovak 4% Portuguese 3%
• Foreign-born: 8% · Canada, China, Vietnam
• Languages at home: 90% English-only · Spanish 4% Other Indo-European 1% Chinese 1%

Political lean MEDSL · Multnomah

• 2024 margin: Solid D (+62.1) · D 79.3% · R 17.2% · Other 3.5%
• 2008→2024 swing: +6.0pp toward D · 2008: 56.1pp · 2024: 62.1pp
• All cycles: 2024: D+62.1 2020: D+61.3 2016: D+58.3 2012: D+54.9 2008: D+56.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -747.13%
• Current HPI: 370.7526
• Rent YoY: ▲ 0.89%
• Metro: Portland-Vancouver-Hillsboro, OR-WA
• State GDP YoY: ▲ 2.05%
• F500 in state: 2

Industry mix (Fortune 500 HQ in OR)

Industry	F500 HQs	Revenue
▸Consumer Goods	1	$51B

Price history

+93.8% since first listed

8 events — show timeline

• 2026-04-08 Price Changed $250,000 RMLS
• 2026-03-20 Price Changed $255,000 RMLS
• 2026-02-17 Price Changed $260,000 RMLS
• 2026-01-04 Price Changed $265,000 RMLS
• 2025-12-17 Price Changed $275,000 RMLS
• 2025-11-25 Listed $285,000 RMLS
• 2003-09-26 Sold (MLS) $129,000 RMLS
• 2002-10-11 Listed $129,000 RMLS