4808 SE 134th Dr · Portland, OR
Flood risk 9/10 · Severe
- FEMA flood zone
- AH
- Chance of flooding over 30 yrs
- 0.99%
- Est. flood insurance / yr
- $1,142 – $2,507
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $498 – $926
Heat risk 3/10 · Minor
- Hot days now (above 92°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 10/10 · Severe
- Unhealthy air days now
- 23 days/yr
- Unhealthy air days in 30 yrs
- 27 days/yr
Risk factors via First Street. Map © Google.
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 +30.0/30.0
- DSCR +10.0/10.0
- 1% rule +9.9/10.0
- Condition / age +4.0/5.0
- Livability +3.9/5.0
- Schools +3.7/10.0
- Rent growth +2.9/5.0
- ARV discount +0.0/15.0
- Appreciation +0.0/10.0
$139,500
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Drastic Reduction & a Great Opportunity! Charming Fixer with Tons of Potential – Priced to Sell! Whether you’re a first-time buyer, investor, or DIY enthusiast, don’t miss this opportunity to make this home your own! This spacious 3-bedroom, 2-bath home offers a fantastic opportunity to create your dream space. Featuring both large living and family rooms, there’s plenty of room to spread out and entertain. The updated kitchen includes abundant cabinetry, a skylight for natural light, and a functional layout perfect for daily living. The generous primary suite includes its own en suite bath, while the second bathroom has also been tastefully updated. A sunroom-style living area adds brightness and charm, making the home feel open and inviting. Sitting on a large lot with a partially fenced backyard, this property also features a deck, storage shed, and room to roam. It’s a blank slate ready for your landscaping vision. Located in a family friendly community close to public transit, shopping and minutes to the freeway. And if you like to hike, Powell Butte Nature Trails are right across the street. Bring your hammer and nails—this home needs some TLC but is priced accordingly and full of potential.
Key facts
- Quartz countertops
- Farmhouse sink
- Updated kitchen
Tags
Property features AI
Finance
- Other: Property is a residential manufactured home in park; Parcel number M360489
- Financial info: Monthly lot rent of $1,195
- HOA & community: Located in Aspen Meadows park; Land lease in place (monthly lot rent); Land lease expires August 31, 2028; Family-friendly community
Exterior
- Parking: Driveway; On-street parking; Carport
- Utilities: Public water; Public sewer; Electric fuel; Cable internet available
- Home design: Manufactured home in a park; Updated/remodeled condition; Single-story (main-level living); Built in 1995; No notable view
- Construction: Composition roof; Skirting foundation; Manufacturer: REDMAN
- Exterior features: Deck; Porch; Cement and lap siding; Level lot; Paved road access
Interior
- Kitchen: Free-standing range; Free-standing refrigerator; Pantry; Quartz countertops; Stainless steel appliances
- Bedrooms: Primary bedroom (main level); Second bedroom; Third bedroom
- Bathrooms: Two full bathrooms (both on the main level)
- Heating & cooling: Forced air heating; Heat pump cooling
- Interior features: Accessible design with minimal steps; Laundry area; Double-pane windows with vinyl frames; Crawl space basement
- Laundry & utility: Laundry area; Electric hot water
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath manufactured listed at $140k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $525 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $140k).
- Recommended offer: $135k (3.0% below list) — sets the bar for market timing.
- Cap rate 12.1% 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.
- David Douglas SD 40 (urban): math 34% / reading 49% proficiency, ranked #99 of 183 in OR (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Ron Russell Middle School (770 students, 77% FRL); David Douglas High School (2,698 students, 73% FRL).
- Market conditions: Rents rising (+1.6%/yr); 204 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,041 units permitted in Multnomah County in 2024 (905 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $964 of loan paydown is wiped out by about $4k 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.
- At projected returns (-3.0% appreciation + 1.6% rent growth), your $39k cash investment doubles in ~9 years — after that, you're playing with house money.
Negotiation context
- It's been on market 34 days — a 3% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts 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 $50k; list at $140k implies a 179% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: flood insurance adds $152/mo.
- Climate carrying-cost: in FEMA flood zone AH (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- 1.49% ✓
- Cap rate
- 12.12%
- Cash-on-cash
- 20.80%
- DSCR
- 1.93
- GRM
- 5.6
CMA / ARV
- ARV (median comp)
- $113,458
- List price
- $139,500
- Delta
- 22.95%
- Verdict
- OVERPRICED
- Comps
- 10 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 13517 SE Pardee Dr | 0.09mi | 3/2.0 | 1,296 (0%) | 3mo | $96,905 | $75 | 93 |
| 13446 SE Schiller St | 0.03mi | 3/2.0 | 1,248 (-4%) | 6mo | $89,850 | $72 | 88 |
| 13539 SE Pardee Dr #12 | 0.08mi | 3/2.0 | 1,344 (+4%) | 13mo | $145,000 | $108 | 79 |
| 4808 SE 134th Dr | 0.00mi | 3/2.0 | 1,152 (-11%) | 4mo | $50,000 | $43 | 78 |
| 4223 SE 136th Ave #2 | 0.29mi | 3/2.0 | 1,296 (0%) | 14mo | $130,000 | $100 | 75 |
| 4903 SE 133rd Dr #65 | 0.07mi | 3/2.0 | 1,188 (-8%) | 10mo | $111,679 | $94 | 75 |
| 5200 SE 132nd Ave #24 | 0.18mi | 3/2.0 | 1,296 (0%) | 21mo | $100,000 | $77 | 74 |
| 5200 SE 132nd Ave | 0.18mi | 3/2.0 | 1,404 (+8%) | 4mo | $90,000 | $64 | 74 |
| 12323 SE Holgate Blvd #2 | 0.61mi | 3/2.0 | 1,296 (0%) | 1mo | $118,000 | $91 | 71 |
| 6209 SE 142nd Ave | 0.74mi | 3/2.0 | 1,296 (0%) | 15mo | $396,000 | $306 | 53 |
| 12323 SE Holgate Blvd #6 | 0.61mi | 4/2.0 (+1) | 1,404 (+8%) | 4mo | $150,000 | $107 | 50 |
| 13115 SE Foster Rd #1 | 0.67mi | 3/2.0 | 1,120 (-14%) | 18mo | $60,000 | $54 | 31 |
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 · 1.64% rent growth · sell at horizon
- IRR
- 5.5%
- Equity multiple
- 1.21×
- Total profit
- $8,161
- Equity at exit
- $20,800
- IRR
- 13.5%
- Equity multiple
- 2.01×
- Total profit
- $39,481
- Equity at exit
- $12,061
Cash invested: $39,060 (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
ZIP-level market 97236
- Rents YoY
- 1.6%
- Active inventory
- 204
- Price-to-rent
- 5.6×
Monthly cashflow live
- Estimated rent
- $2,078 high interval (Pro) →
- Mortgage (P&I)
- −$732
- Tax est. 1.5%
- −$174 /mo · $2,092/yr
- Insurance
- −$58
- Flood insurance flood zone
- −$152 /mo · $1,824/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$436
- Net cashflow
- $525
Break-even live
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
- $34,875
- Closing costs
- $4,185
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 5329 SE 137th Ave Portland, OR | 3.0 | 2.5 | 1559 | $2,250 | $1.44 | 24d | 1 | 0.20mi |
| 5344 SE 137th Ave Portland, OR | 3.0 | 2.5 | 1600 | $2,395 | $1.50 | 18d | 1 | 0.22mi |
| 13726 SE Reedway St Portland, OR | 3.0 | 2.5 | 1817 | $2,295 | $1.26 | 44d | 1 | 0.39mi |
| 5524 SE 140th Pl Portland, OR | 4.0 | 3.0 | 1584 | $3,050 | $1.93 | 17d | 1 | 0.40mi |
| 3883 SE 136th Ave Portland, OR | 4.0 | 2.5 | 1660 | $2,400 | $1.45 | 44d | 1 | 0.49mi |
| 13436 SE Bush St Portland, OR | 2.0–3.0 | 1.5–2.0 | 1075 | $1,995 | $1.86 | 44d | 1 | 0.54mi |
| 4904 SE 122nd Ave Portland, OR | 3.0 | 3.0 | 1504 | $4,400 | $2.93 | 44d | 1 | 0.66mi |
| 4300 SE 122nd Ave Unit 146-4308 Portland, OR | 2.0 | 1.0 | 950 | $1,399 | $1.47 | 44d | 1 | 0.68mi |
| 3745-3749 SE 127th Pl Unit 3749 Portland, OR | 3.0 | 2.5 | 1467 | $2,195 | $1.50 | 8d | 1 | 0.69mi |
| 12941 SE Foster Rd Portland, OR | 1.0–2.0 | 1.0–2.0 | 925 | $1,595 | $1.72 | 44d | 2 | 0.71mi |
| 13066 SE Powell Blvd Unit 10 Portland, OR | 2.0 | 2.0 | 1100 | $1,550 | $1.41 | 24d | 1 | 0.71mi |
| 4257 SE 122nd Ave Portland, OR | 2.0 | 2.0 | 946 | $1,375 | $1.45 | 3d | 1 | 0.74mi |
| 6130 SE 128th Ave Apt B Portland, OR | 3.0 | 2.0 | 1500 | $1,999 | $1.33 | 8d | 1 | 0.74mi |
| 13062 SE Powell Blvd Apt 6 Portland, OR | 2.0 | 2.0 | 1100 | $1,550 | $1.41 | 44d | 1 | 0.75mi |
| 13746 SE Powell Blvd Portland, OR | 2.0–3.0 | 1.0 | 763 | $1,325 | $1.74 | 3d | 2 | 0.75mi |
| 12923 SE Foster Rd Portland, OR | 2.0–3.0 | 2.0 | 1037 | $2,100 | $2.03 | 15d | 3 | 0.77mi |
| 13938 SE Powell Blvd Unit 2 Portland, OR | 2.0 | 1.0 | 900 | $1,535 | $1.71 | 44d | 1 | 0.80mi |
| 12231 SE Bush St Unit 83 Portland, OR | 2.0 | 2.0 | 930 | $1,450 | $1.56 | 24d | 1 | 0.82mi |
| 3228 SE 136th Ave Portland, OR | 2.0–3.0 | 1.5 | 1058 | $1,597 | $1.51 | 4d | 4 | 0.83mi |
| 12550 SE Powell Blvd Portland, OR | 1.0–3.0 | 1.0–2.0 | 1075 | $2,300 | $2.14 | 3d | 2 | 0.83mi |
| 3208 SE 136th Ave Unit 45 Portland, OR | 2.0 | 1.5 | 900 | $1,397 | $1.55 | 24d | 1 | 0.84mi |
| 3208 SE 136th Ave Unit 3 Portland, OR | 3.0 | 1.5 | 1217 | $1,597 | $1.31 | 24d | 1 | 0.84mi |
| 3414 SE 143rd Ave Portland, OR | 2.0 | 2.0 | 1000 | $1,650 | $1.65 | 8d | 2 | 0.84mi |
| 6439 SE 143rd Ct #1 Portland, OR | 3.0 | 2.5 | 1545 | $2,395 | $1.55 | 44d | 1 | 0.86mi |
| 12509 SE Foster Rd Unit 24341-C Portland, OR | 2.0 | 1.0 | 885 | $1,585 | $1.79 | 3d | 1 | 0.86mi |
| 12509 SE Foster Rd Unit 243-29C Portland, OR | 2.0 | 1.0 | 885 | $1,585 | $1.79 | 24d | 1 | 0.86mi |
| 3315 SE 127th Pl Unit 1 Portland, OR | 2.0 | 1.0 | 1346 | $1,595 | $1.18 | 11d | 1 | 0.89mi |
| 12008 SE Bush St Portland, OR | 2.0 | 2.0 | 1036 | $1,700 | $1.64 | 44d | 1 | 0.91mi |
| 3810 SE 117th Pl Portland, OR | 3.0 | 2.5 | 1378 | $2,445 | $1.77 | 24d | 1 | 1.00mi |
| 3540 SE 119th Ave Unit 4 Portland, OR | 2.0 | 2.0 | 900 | $1,550 | $1.72 | 24d | 1 | 1.01mi |
| 3318 SE 148th Ave Portland, OR | 2.0 | 1.5 | 950 | $1,750 | $1.84 | 18d | 1 | 1.03mi |
| 3223 SE 122nd Ave Unit A-B Portland, OR | 4.0 | 2.5 | 1572 | $2,495 | $1.59 | 44d | 1 | 1.06mi |
| 11908 SE Foster Rd Portland, OR | 3.0 | 2.0 | 1300 | $2,595 | $2.00 | 44d | 1 | 1.09mi |
| 12616 SE Taggart St Portland, OR | 3.0 | 1.5 | 1329 | $2,295 | $1.73 | 8d | 1 | 1.10mi |
| 15075 SE Powell Blvd Apt 4 Portland, OR | 3.0 | 3.5 | 1500 | $2,395 | $1.60 | 44d | 1 | 1.10mi |
| 15075 SE Powell Blvd Portland, OR | 3.0 | 3.5 | 1500 | $2,295 | $1.53 | 4d | 3 | 1.10mi |
| 2609 SE 145th Ave Unit C-19 Portland, OR | 3.0 | 1.5 | 1117 | $1,499 | $1.34 | 18d | 1 | 1.16mi |
| 2609 SE 145th Ave Unit H-77 Portland, OR | 3.0 | 1.5 | 1117 | $1,504 | $1.35 | 18d | 1 | 1.16mi |
| 13448 SE Division St Portland, OR | 4.0 | 2.0 | 1450 | $2,550 | $1.76 | 3d | 1 | 1.17mi |
| 13450 SE Division St Portland, OR | 4.0 | 2.0 | 1450 | $2,550 | $1.76 | 44d | 1 | 1.17mi |
Listing history 20 events
-
2026-06-18days on market $139,500 Active 34 DOM
-
2026-06-17days on market $139,500 Active 33 DOM
-
2026-06-16days on market $139,500 Active 32 DOM
-
2026-06-15days on market $139,500 Active 31 DOM
-
2026-06-13days on market $139,500 Active 29 DOM
-
2026-06-09days on market $139,500 Active 25 DOM
-
2026-06-08days on market $139,500 Active 24 DOM
-
2026-06-07days on market $139,500 Active 23 DOM
-
2026-06-05days on market $139,500 Active 20 DOM
-
2026-06-03days on market $139,500 Active 19 DOM
-
2026-06-02days on market $139,500 Active 18 DOM
-
2026-06-01days on market $139,500 Active 17 DOM
-
2026-05-31days on market $139,500 Active 16 DOM
-
2026-05-15$139,500 Active 1010-char remark
-
2026-02-05soldstatus $50,000 Closed 1262-char remark
Show marketing remark (1262 chars)
Drastic Reduction & a Great Opportunity! Charming Fixer with Tons of Potential – Priced to Sell! Whether you’re a first-time buyer, investor, or DIY enthusiast, don’t miss this opportunity to make this home your own! This spacious 3-bedroom, 2-bath home offers a fantastic opportunity to create your dream space. Featuring both large living and family rooms, there’s plenty of room to spread out and entertain. The updated kitchen includes abundant cabinetry, a skylight for natural light, and a functional layout perfect for daily living. The generous primary suite includes its own en suite bath, while the second bathroom has also been tastefully updated. A sunroom-style living area adds brightness and charm, making the home feel open and inviting. Sitting on a large lot with a partially fenced backyard, this property also features a deck, storage shed, and room to roam. It’s a blank slate ready for your landscaping vision. Located in a family friendly community close to public transit, shopping and minutes to the freeway. And if you like to hike, Powell Butte Nature Trails are right across the street. Bring your hammer and nails—this home needs some TLC but is priced accordingly and full of potential.
-
2026-01-29status Pending 1262-char remark
Show marketing remark (1262 chars)
Drastic Reduction & a Great Opportunity! Charming Fixer with Tons of Potential – Priced to Sell! Whether you’re a first-time buyer, investor, or DIY enthusiast, don’t miss this opportunity to make this home your own! This spacious 3-bedroom, 2-bath home offers a fantastic opportunity to create your dream space. Featuring both large living and family rooms, there’s plenty of room to spread out and entertain. The updated kitchen includes abundant cabinetry, a skylight for natural light, and a functional layout perfect for daily living. The generous primary suite includes its own en suite bath, while the second bathroom has also been tastefully updated. A sunroom-style living area adds brightness and charm, making the home feel open and inviting. Sitting on a large lot with a partially fenced backyard, this property also features a deck, storage shed, and room to roam. It’s a blank slate ready for your landscaping vision. Located in a family friendly community close to public transit, shopping and minutes to the freeway. And if you like to hike, Powell Butte Nature Trails are right across the street. Bring your hammer and nails—this home needs some TLC but is priced accordingly and full of potential.
-
2026-01-13price $79,000 1262-char remark
Show marketing remark (1262 chars)
Drastic Reduction & a Great Opportunity! Charming Fixer with Tons of Potential – Priced to Sell! Whether you’re a first-time buyer, investor, or DIY enthusiast, don’t miss this opportunity to make this home your own! This spacious 3-bedroom, 2-bath home offers a fantastic opportunity to create your dream space. Featuring both large living and family rooms, there’s plenty of room to spread out and entertain. The updated kitchen includes abundant cabinetry, a skylight for natural light, and a functional layout perfect for daily living. The generous primary suite includes its own en suite bath, while the second bathroom has also been tastefully updated. A sunroom-style living area adds brightness and charm, making the home feel open and inviting. Sitting on a large lot with a partially fenced backyard, this property also features a deck, storage shed, and room to roam. It’s a blank slate ready for your landscaping vision. Located in a family friendly community close to public transit, shopping and minutes to the freeway. And if you like to hike, Powell Butte Nature Trails are right across the street. Bring your hammer and nails—this home needs some TLC but is priced accordingly and full of potential.
-
2026-01-05price $89,900 1262-char remark
Show marketing remark (1262 chars)
Drastic Reduction & a Great Opportunity! Charming Fixer with Tons of Potential – Priced to Sell! Whether you’re a first-time buyer, investor, or DIY enthusiast, don’t miss this opportunity to make this home your own! This spacious 3-bedroom, 2-bath home offers a fantastic opportunity to create your dream space. Featuring both large living and family rooms, there’s plenty of room to spread out and entertain. The updated kitchen includes abundant cabinetry, a skylight for natural light, and a functional layout perfect for daily living. The generous primary suite includes its own en suite bath, while the second bathroom has also been tastefully updated. A sunroom-style living area adds brightness and charm, making the home feel open and inviting. Sitting on a large lot with a partially fenced backyard, this property also features a deck, storage shed, and room to roam. It’s a blank slate ready for your landscaping vision. Located in a family friendly community close to public transit, shopping and minutes to the freeway. And if you like to hike, Powell Butte Nature Trails are right across the street. Bring your hammer and nails—this home needs some TLC but is priced accordingly and full of potential.
-
2025-11-20price $107,900 1262-char remark
Show marketing remark (1262 chars)
Drastic Reduction & a Great Opportunity! Charming Fixer with Tons of Potential – Priced to Sell! Whether you’re a first-time buyer, investor, or DIY enthusiast, don’t miss this opportunity to make this home your own! This spacious 3-bedroom, 2-bath home offers a fantastic opportunity to create your dream space. Featuring both large living and family rooms, there’s plenty of room to spread out and entertain. The updated kitchen includes abundant cabinetry, a skylight for natural light, and a functional layout perfect for daily living. The generous primary suite includes its own en suite bath, while the second bathroom has also been tastefully updated. A sunroom-style living area adds brightness and charm, making the home feel open and inviting. Sitting on a large lot with a partially fenced backyard, this property also features a deck, storage shed, and room to roam. It’s a blank slate ready for your landscaping vision. Located in a family friendly community close to public transit, shopping and minutes to the freeway. And if you like to hike, Powell Butte Nature Trails are right across the street. Bring your hammer and nails—this home needs some TLC but is priced accordingly and full of potential.
-
2025-09-10$117,900 Active 1262-char remark
Show marketing remark (1262 chars)
Drastic Reduction & a Great Opportunity! Charming Fixer with Tons of Potential – Priced to Sell! Whether you’re a first-time buyer, investor, or DIY enthusiast, don’t miss this opportunity to make this home your own! This spacious 3-bedroom, 2-bath home offers a fantastic opportunity to create your dream space. Featuring both large living and family rooms, there’s plenty of room to spread out and entertain. The updated kitchen includes abundant cabinetry, a skylight for natural light, and a functional layout perfect for daily living. The generous primary suite includes its own en suite bath, while the second bathroom has also been tastefully updated. A sunroom-style living area adds brightness and charm, making the home feel open and inviting. Sitting on a large lot with a partially fenced backyard, this property also features a deck, storage shed, and room to roam. It’s a blank slate ready for your landscaping vision. Located in a family friendly community close to public transit, shopping and minutes to the freeway. And if you like to hike, Powell Butte Nature Trails are right across the street. Bring your hammer and nails—this home needs some TLC but is priced accordingly and full of potential.
ⓘ 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
- Flood 9/10 Extreme FEMA zone AH · 99% chance over 30 yrs
- Wildfire 3/10 Moderate
- Heat 3/10 Moderate 7 d/yr ≥92°F today · 16 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 10/10 Extreme 23 unhealthy d/yr today · 27 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $24,930
- − Mortgage interest
- −$7,814
- − Property taxes
- −$2,092
- − Insurance
- −$2,522
- − Repairs & maintenance
- −$1,994
- − Management
- −$1,994
- − Depreciation
- −$4,058
- Taxable income
- $4,454
- Est. tax owed @ 24.0%
- −$1,069
- After-tax cash flow
- $5,233/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.
Condition & rehab AI · 13 photos
This well-maintained and updated manufactured home is move-in ready with good condition and fresh curb appeal.
Value-add opportunities
- Resale Paint exterior — Fresh paint enhances curb appeal and home value
- Resale Trim hedges — Well-maintained landscaping improves curb appeal
- Resale Clean gutters — Clean gutters prevent water damage and improve home value
Renovation cost estimate screening
Value-add ROI direction
- Resale Paint exterior — Fresh paint enhances curb appeal and home value ↑
- Resale Trim hedges — Well-maintained landscaping improves curb appeal ↑
- Resale Clean gutters — Clean gutters prevent water damage and improve home value ↑
ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.
Schools (NCES district)
- District
- David Douglas SD 40
- NCES district ID
- 4103940
- Math proficiency
- 34% ▲ 1.00%
- Reading proficiency
- 49% ▲ 1.00%
- Median HH income
- $42,781
- Composite
- 37.38/100
- National rank
- #8926
- State rank
- #99 of 183 in OR
Livability — Portland
- Score
- 77/100
- State rank
- #72
- US rank
- #3256
Category grades
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)
- 37,558
- Household income
- $75,090
- Rent vs Own
- Severe rent burden
- 1744.0
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
- Diverse neighborhood (Simpson 0.67)
- Race & ethnicity
- White 51% Hispanic / Latino 21% Asian 13% Two or more races 12% Black 9% Pacific Islander 1%
- Hispanic origin (detail)
- Mexican 15% Cuban 1%
- Common ancestry
- Italian 3% Scotch-Irish 2% Subsaharan African 2%
- Foreign-born
- 25% · Canada, Vietnam, China
- Languages at home
- 63% English-only · Spanish 16% Vietnamese 6% Russian/Polish/Slavic 5%
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
- ▼ -334.44%
- Current HPI
- 289.931
- Rent YoY
- ▲ 1.64%
- 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
+18.3% since first listed7 events — show timeline
- 2026-05-15 Listed $139,500 RMLS
- 2026-02-05 Sold (MLS) $50,000 RMLS
- 2026-01-29 Pending — RMLS
- 2026-01-13 Price Changed $79,000 RMLS
- 2026-01-05 Price Changed $89,900 RMLS
- 2025-11-20 Price Changed $107,900 RMLS
- 2025-09-10 Listed $117,900 RMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…