357 W Niagara Ave · Astoria, OR 97103

$199,000

3 bd · 2.0 ba · 1,907 sqft · SingleFamily public records · 7 Days on market

Built 1947 6,969 sqft lot

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Why this score? — see what drove the C 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 +21.0/30.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• 1% rule +6.5/10.0
• Rent growth +4.2/5.0
• Livability +4.2/5.0
• Schools +4.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Add elbow grease & gain instant equity on this hillside fixer with peek-a-boo river view. Three bedrooms (2 on main), full bathroom on each level, two separate attached garages. Second kitchen/garage in daylight basement adds potential for additional dwelling unit. Spacious unfinished attic. This property was built prior to 1978, potential for lead based paint exists. Sold as-is, seller will do no repairs. Cash or rehab loan only.

Key facts

• Water views
• Detached garages
• Bay views

Tags

• BAY VIEWS
• WATER VIEWS
• DETACHED GARAGES
• MULTI GENERATIONAL LIVING
• UNIQUE PROPERTY

Property features AI

Exterior

• Parking: Driveway and off-street parking; 4 parking spaces total; 4 garage spaces
• Utilities: Public water; Septic sewer; Electricity and gas available; No green certification
• Home design: Single-family residence (residential); Not attached to another property; Listed in fixer condition; Multiple levels (main, upper, lower); Facing direction not specified
• Construction: Built in 1947; Vinyl siding exterior; Roof and foundation details not specified
• Exterior features: Deck; Second residence on property; Second garage; Vinyl siding; Ocean view; Paved road access; Approximately 0.16-acre lot (around 6,969 sq ft); Beach within 1/4 mile

Interior

• Kitchen: Cooktop; Free-standing range; Free-standing refrigerator; Dishwasher; Plumbed for ice maker; Quartz countertops
• Bedrooms: Primary bedroom on main level; Second bedroom on main level; Third bedroom on main level; Fourth bedroom on lower level
• Flooring: Hardwood floors
• Bathrooms: Two full bathrooms (one on main level, one on lower level)
• Heating & cooling: Forced air heating; No central air listed
• Interior features: Hardwood floors; Soaking tub; Dual-flush toilet; Laundry area; Gas fireplace (1)
• Laundry & utility: Laundry area (washer/dryer hookups)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $282 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $199k).
• Cap rate 8.0% vs local median 2.9% in Astoria — 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 83/100 on livability (#39 in OR, #891 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment C-, cost of living C-.
• Astoria SD 1 (town): math 37% / reading 53% proficiency, ranked #77 of 183 in OR (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Astoria Middle School (417 students, 38% FRL); Astoria Senior High School (631 students, 30% FRL).
• Market conditions: Rents rising fast (+7.0%/yr); 192 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 98 units permitted in Clatsop County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% of the median local income ($75k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 7.0% rent growth), your $56k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 29y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $130k; list at $199k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $199,000

Questions for the listing agent

1. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.15% ✓
• Cap rate: 7.99%
• Cash-on-cash: 6.07%
• DSCR: 1.27
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $558,751
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
423 Chinook Ave	0.21mi	3/3.0	1,846 (-3%)	1mo	$615,000	$333	80
859 Glasgow Ave	0.08mi	3/2.0	1,732 (-9%)	3mo	$555,000	$320	79
450 Pleasant Ave	0.07mi	3/3.0	2,021 (+6%)	9mo	$550,000	$272	75
30 W Kensington Ave	0.42mi	4/2.0 (+1)	1,917 (+0%)	3mo	$590,000	$308	72
1466 3rd St	0.54mi	4/2.0 (+1)	1,916 (+0%)	3mo	$485,000	$253	67
240 Lincoln St	0.55mi	2/2.0 (-1)	1,758 (-8%)	1mo	$515,000	$293	56
1495 6th St	0.66mi	3/2.0	2,043 (+7%)	2mo	$444,000	$217	55
589 Rivington St	0.40mi	4/2.0 (+1)	1,620 (-15%)	1mo	$452,880	$280	51
435 W Marine Dr	0.41mi	2/1.0 (-1)	1,660 (-13%)	0mo	$299,000	$180	50
156 Lincoln St	0.59mi	4/1.0 (+1)	2,060 (+8%)	5mo	$164,444	$80	46
538 Kensington Ave	0.67mi	3/2.0	1,651 (-13%)	2mo	$610,000	$369	44
664 Kensington Ave	0.73mi	3/2.0	1,632 (-14%)	4mo	$599,000	$367	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.96% rent growth · sell at horizon

5-year hold

• IRR: -2.1%
• Equity multiple: 0.92×
• Total profit: $-4,706
• Equity at exit: $29,672

10-year hold

• IRR: 11.7%
• Equity multiple: 2.11×
• Total profit: $61,673
• Equity at exit: $17,206

Cash invested: $55,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 28 Tenant-Leaning
• State Oregon: 28 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

SB608 (2019): statewide rent cap (7% + CPI) and just-cause for tenancies > 1 yr. Portland has relocation assistance ordinance.

Methodology + full state rankings →

ZIP-level market 97103

• Rents YoY: 7.0%
• Active inventory: 192
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,285 medium
• Mortgage (P&I): −$1,044
• Tax from tax record: −$397 /mo · $4,760/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$480
• Net cashflow: $282

Break-even live

Break-even rent $1,928

Max offer price $199,000

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
813 Niagara Ave Astoria, OR	3.0	2.0	1580	$2,650	$1.68	43d	1	0.78mi
1409 Jerome Ave Astoria, OR	4.0	1.0	1348	$2,095	$1.55	43d	1	1.13mi
1585 Exchange St Unit A Astoria, OR	2.0	2.0	1350	$1,950	$1.44	43d	1	1.29mi

Listing history 5 events

1. 2026-06-12
   statusdays on market $199,000 Pending 7 DOM
2. 2026-06-09
   days on market $199,000 Active 4 DOM
3. 2026-06-08
   days on market $199,000 Active 3 DOM
4. 2026-06-07
   remarks 699-char remark
5. 2026-06-07
   listed $199,000 Active 2 DOM

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

Tax reassessment forecast OR · Resets to sale price

• Current annual tax: $4,760 · $397/mo
• Projected year-2 tax: $4,760 · $397/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 1/10 Low 7 d/yr ≥79°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,418
• − Mortgage interest: −$11,147
• − Property taxes: −$4,760
• − Insurance: −$995
• − Repairs & maintenance: −$2,193
• − Management: −$2,193
• − Depreciation: −$5,789
• Taxable income: $339
• Est. tax owed @ 24.0%: −$81
• After-tax cash flow: $3,300/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)

• District: Astoria SD 1
• NCES district ID: 4101620
• Math proficiency: 37% ▼ -2.00%
• Reading proficiency: 53% ▬ 0.00%
• Median HH income: $45,741
• Composite: 40.42/100
• National rank: #7726
• State rank: #77 of 183 in OR

Livability — Astoria

• Score: 83/100
• State rank: #39
• US rank: #891

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Astoria, OR
• County: Clatsop County · 29,028 people
• City population: 17,993
• Metro: Astoria, OR
• Population (ZIP): 17,993
• Household income: $75,147
• Rent vs Own: 34.4% rent · 65.6% own
• Severe rent burden: 605.0

Population outlook (Clatsop County) Hauer SSP2

• Today (2025): 39,212 people
• By 2030: 39,765 · +1.4%
• By 2040: 40,121 · +2.3%
• By 2050: 40,032 · +2.1%
• By 2075: 39,123 · -0.2%
• By 2100: 35,965 · -8.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 11% Two or more races 11% Black 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Portuguese 5% Italian 5% Slovak 4%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Clatsop

• 2024 margin: D (+11.4) · D 54.1% · R 42.8% · Other 3.1%
• 2008→2024 swing: -7.6pp toward R · 2008: 18.9pp · 2024: 11.4pp
• All cycles: 2024: D+11.4 2020: D+11.3 2016: D+6.1 2012: D+14.6 2008: D+18.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -384.01%
• Current HPI: 306.6979
• Rent YoY: ▲ 6.96%
• Metro: Astoria, OR
• 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

+42.2% since first listed

7 events — show timeline

• 2026-06-05 Listed $199,000 RMLS
• 2015-07-30 Sold (MLS) $129,900 RMLS
• 2015-05-29 Listed $129,900 RMLS
• 1998-11-30 Sold (MLS) $140,000 CAR
• 1998-11-30 Sold (MLS) $140,000 RMLS
• 1997-12-17 Listed $139,900 CAR
• 1997-12-17 Listed $139,900 RMLS

Property tax history

+3.6%/yr

Latest (2025): $4,760 · -0.3% YoY. Source: county tax records.