6677 N Columbia Way · Portland, OR 97203

$295,000

3 bd · 1.5 ba · 1,020 sqft · SingleFamily public records · 4 Days on market

Built 2004 1,742 sqft lot $289/sqft · 32% below area Est $434k · 32% under

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Why this score? — see what drove the D- 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).

• ARV discount +15.0/15.0
• Cash flow +7.1/30.0
• Schools +4.7/10.0
• Livability +3.9/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• 1% rule +1.5/10.0
• DSCR +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Best buy in North Portland. Completely renovated attached home with all new cabinets, floors, kitchen appliances and blinds. Move-in ready. Too many improvements to list here! THE LISTING AGENT IS A MANAGER OF THE SELLING LLC. If you contact me I am happy to answer questions, however, I do not act as a selling agent because of potential conflicts of interest. Please contact your Realtor of choice for showings.

Key facts

• End unit
• New washer and dryer
• New refrigerator

Tags

• FRESH INTERIOR PAINT
• NEW WASHER AND DRYER
• NEW WINDOWS
• NEW MICROWAVE
• NEW REFRIGERATOR
• END UNIT

Property features AI

Finance

• Other: Property tax year listed (financial details excluded per instructions)
• HOA & community: Not a senior community

Exterior

• Parking: Detached 1-car garage; One total parking space
• Security: Sidewalk (security feature listed)
• Utilities: Public water; Public sewer; Electric hot water; Electric fuel; Energy efficient features: Zoned heating; Green certification
• Home design: Attached residential property; Built in 2004; Approximately condition
• Construction: Composition roof; Concrete perimeter foundation
• Exterior features: Fenced yard; Garden; Patio; Yard; Concrete road access; T-111 siding

Interior

• Kitchen: Dishwasher; Free‑standing range; Free‑standing refrigerator; Microwave; Range hood
• Bedrooms: Primary bedroom on upper level with closet; Second bedroom on upper level with closet
• Flooring: Vinyl floors
• Bathrooms: Two bathrooms total: one full and one partial
• Heating & cooling: Wall heater; Zoned heating; No central air
• Interior features: Laundry area; Vinyl flooring throughout main living areas; Crawl space basement
• Laundry & utility: Laundry (in-unit)

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $-417 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $221k (25.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $192k (34.9% below list).
• Recommended offer: $192k (34.9% below list) — sets the bar for 1% rule.
• Cap rate 4.6% 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.
• Portland SD 1J (urban): math 46% / reading 58% proficiency, ranked #23 of 183 in OR (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: James John Elementary School (337 students, 66% FRL); George Middle School (387 students, 64% FRL); Roosevelt High School (1,484 students, 65% FRL) — zoned schools average 65% FRL vs 37% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.1%/yr); 205 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 $2k of loan paydown is wiped out by about $9k 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

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 9y 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.

Recommended offer $192,116 (34.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.65% ✗
• Cap rate: 4.60%
• Cash-on-cash: -6.06%
• DSCR: 0.73
• GRM: 12.8

CMA / ARV

• ARV (median comp): $433,602
• List price: $295,000
• Delta: -31.97%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7045 N Mears St	0.22mi	3/2.0	1,056 (+4%)	3mo	$425,000	$402	80
6155 N Hudson St	0.39mi	3/1.0	970 (-5%)	4mo	$457,000	$471	69
6867 N Hudson St	0.34mi	3/1.0	952 (-7%)	6mo	$325,000	$341	66
6915 N Smith St	0.27mi	3/2.0	1,128 (+11%)	6mo	$455,000	$403	62
9236 N Kimball Ave	0.28mi	3/1.0	1,164 (+14%)	2mo	$535,000	$460	59
6905 N Bank St	0.27mi	2/3.0 (-1)	889 (-13%)	5mo	$349,900	$394	51
10233 N Tyler Ave	0.60mi	3/1.0	884 (-13%)	4mo	$446,000	$505	45
9523 N Allegheny Ave	0.62mi	3/1.0	873 (-14%)	2mo	$384,900	$441	43
7468 N Polk Ave	0.74mi	2/3.0 (-1)	913 (-10%)	1mo	$379,300	$415	36
7474 N Polk Ave	0.74mi	2/3.0 (-1)	913 (-10%)	4mo	$381,000	$417	34
7470 N Polk Ave	0.74mi	2/3.0 (-1)	913 (-10%)	7mo	$382,500	$419	32
7671 N Kellogg St	0.74mi	2/3.0 (-1)	913 (-10%)	7mo	$390,000	$427	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 · 2.11% rent growth · sell at horizon

5-year hold

• IRR: -27.7%
• Equity multiple: 0.08×
• Total profit: $-76,113
• Equity at exit: $43,985

10-year hold

• IRR: -29.5%
• Equity multiple: -0.30×
• Total profit: $-107,505
• Equity at exit: $25,506

Cash invested: $82,600 (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 97203

• Rents YoY: 2.1%
• Active inventory: 205
• Price-to-rent: 12.8×

Monthly cashflow live

• Estimated rent: $1,921 high
• Mortgage (P&I): −$1,547
• Tax from tax record: −$265 /mo · $3,180/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$403
• Net cashflow: $-417

Break-even live

Break-even rent $2,449

Max offer price $221,305

Occupancy floor —

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6734 N Fessenden St Portland, OR	1.0–2.0	1.0	700	$1,499	$2.14	20d	8	0.06mi
6611 N Fessenden St Unit 6673 Portland, OR	2.0	2.5	933	$1,925	$2.06	43d	1	0.06mi
6611 N Fessenden St Unit 6677 Portland, OR	2.0	2.5	855	$1,895	$2.22	23d	1	0.06mi
6347 N Fessenden St Portland, OR	2.0	1.0	800	$1,449	$1.81	3d	1	0.12mi
6347 N Fessenden St Portland, OR	2.0	1.0	800	$1,499	$1.87	23d	1	0.12mi
6053 N Fessenden St Portland, OR	2.0	1.0	770	$1,495	$1.94	43d	1	0.22mi
6061 N Fessenden St Portland, OR	2.0–3.0	1.0	835	$1,895	$2.27	14d	2	0.24mi
6061 N Fessenden St Portland, OR	1.0–2.0	1.0	705	$1,495	$2.12	3d	1	0.24mi
6041 N Fessenden St Portland, OR	3.0	1.0	900	$1,895	$2.11	7d	1	0.24mi
5801 N Fessenden St Portland, OR	1.0–2.0	1.0	737	$1,615	$2.19	23d	3	0.28mi
9529 N Fairhaven Ave Portland, OR	3.0	1.0	1000	$2,395	$2.40	7d	1	0.28mi
8937 N Westanna Ave Portland, OR	1.0–2.0	1.0	677	$1,675	$2.47	2d	9	0.34mi
6815 N Sky St Portland, OR	3.0	2.0	1206	$2,895	$2.40	43d	1	0.35mi
9817 N Clarendon Ave Portland, OR	3.0	3.0	1449	$2,695	$1.86	43d	1	0.37mi
7411 N Fessenden St Unit 7411 Portland, OR	2.0	1.0	875	$1,575	$1.80	2d	1	0.38mi
5435 N Columbia Blvd Portland, OR	2.0	1.0	900	$2,500	$2.78	11d	1	0.45mi
7515 N Westanna Ave Portland, OR	1.0–2.0	1.0	787	$1,795	$2.28	7d	3	0.49mi
7470 N Macrum Ave Portland, OR	2.0	2.5	862	$2,095	$2.43	43d	1	0.53mi
9136 N Portsmouth Ave Apt B Portland, OR	2.0	1.5	900	$2,195	$2.44	2d	1	0.60mi
9126 N Hodge Ave Portland, OR	3.0	2.0	1245	$2,800	$2.25	43d	1	0.65mi
7937 N Fessenden St Unit 7927 Portland, OR	3.0	1.0	1075	$1,945	$1.81	23d	1	0.65mi
7519 N Clarendon Ave #4 Portland, OR	2.0	2.5	888	$2,400	$2.70	43d	1	0.69mi
5531 N Lombard St Portland, OR	2.0	1.0	850	$1,450	$1.71	7d	1	0.71mi
7040 N Carey Blvd Portland, OR	2.0	1.0	800	$1,950	$2.44	4d	1	0.79mi
7608 N Portsmouth Ave Unit 2C Portland, OR	2.0	1.0	750	$1,495	$1.99	23d	1	0.81mi
7521 N Gloucester Ave Portland, OR	2.0	1.0	700	$1,600	$2.29	43d	1	0.83mi
8015 N Oswego Ave Unit 4 Portland, OR	2.0	1.0	720	$1,650	$2.29	14d	1	0.85mi
8015 N Oswego Ave Unit 3 Portland, OR	3.0	1.0	725	$1,795	$2.48	7d	1	0.85mi
7460 N Oswego Ave #1 Portland, OR	2.0	1.5	855	$1,995	$2.33	23d	1	0.87mi
8415 N Fessenden St Unit 1 Portland, OR	2.0	1.0	950	$1,250	$1.32	43d	1	0.88mi
5515 N Syracuse St Portland, OR	2.0	1.0	750	$2,573	$3.43	17d	1	0.89mi
8007 N Ivanhoe St Portland, OR	2.0	1.5	850	$1,595	$1.88	43d	1	0.91mi
5277 N Oberlin St Portland, OR	2.0	2.5	1001	$2,295	$2.29	11d	1	0.91mi
8776 N Newman Ave Portland, OR	2.0	2.5	1150	$2,695	$2.34	17d	1	0.95mi
8040 N Ivanhoe St Unit 2 Portland, OR	2.0	1.0	900	$1,495	$1.66	43d	1	0.96mi
9135 N Chicago Ave Portland, OR	2.0	1.0	1296	$1,625	$1.25	23d	1	0.97mi
5120 N Lombard St Portland, OR	2.0	1.0	734	$1,599	$2.18	21d	1	0.98mi
7003 N Tyler Ave Portland, OR	2.0	1.0	778	$1,695	$2.18	43d	1	0.98mi
7711 N Edison St Unit B Portland, OR	2.0	1.0	1000	$2,100	$2.10	43d	1	0.99mi
9228-9232 N Saint Louis Ave Unit 9232 Portland, OR	2.0	1.0	900	$1,425	$1.58	14d	1	1.01mi

Listing history 5 events

1. 2026-05-18
   status Pending 1483-char remark
2. 2026-05-13
   listed $295,000 Active 1483-char remark
3. 2017-05-25
   soldstatus $248,250 Sold 417-char remark

   Show marketing remark (417 chars)

   Best buy in North Portland. Completely renovated attached home with all new cabinets, floors, kitchen appliances and blinds. Move-in ready. Too many improvements to list here! THE LISTING AGENT IS A MANAGER OF THE SELLING LLC. If you contact me I am happy to answer questions, however, I do not act as a selling agent because of potential conflicts of interest. Please contact your Realtor of choice for showings.

4. 2017-04-17
   status Pending 417-char remark

   Show marketing remark (417 chars)

   Best buy in North Portland. Completely renovated attached home with all new cabinets, floors, kitchen appliances and blinds. Move-in ready. Too many improvements to list here! THE LISTING AGENT IS A MANAGER OF THE SELLING LLC. If you contact me I am happy to answer questions, however, I do not act as a selling agent because of potential conflicts of interest. Please contact your Realtor of choice for showings.

5. 2017-04-12
   listed $234,950 Active 417-char remark

   Show marketing remark (417 chars)

   Best buy in North Portland. Completely renovated attached home with all new cabinets, floors, kitchen appliances and blinds. Move-in ready. Too many improvements to list here! THE LISTING AGENT IS A MANAGER OF THE SELLING LLC. If you contact me I am happy to answer questions, however, I do not act as a selling agent because of potential conflicts of interest. Please contact your Realtor of choice for showings.

ⓘ 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: $3,180 · $265/mo
• Projected year-2 tax: $3,180 · $265/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 3/10 Moderate 7 d/yr ≥92°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 19 unhealthy d/yr today · 20 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,054
• − Mortgage interest: −$16,525
• − Property taxes: −$3,180
• − Insurance: −$1,475
• − Repairs & maintenance: −$1,844
• − Management: −$1,844
• − Depreciation: −$8,582
• Taxable loss: −$10,396
• Est. tax savings @ 24.0%: +$2,495
• After-tax cash flow: $-2,511/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: Portland SD 1J
• NCES district ID: 4110040
• Math proficiency: 46% ▼ -2.00%
• Reading proficiency: 58% ▼ -3.00%
• Median HH income: $57,851
• Composite: 47.1/100
• National rank: #5112
• State rank: #23 of 183 in OR

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): 33,116
• Household income: $78,660
• Rent vs Own: 43.0% rent · 57.0% own
• Severe rent burden: 1401.0

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 0.65)
• Race & ethnicity: White 55% Hispanic / Latino 17% Two or more races 16% Black 12% Asian 6% Native American 1% Pacific Islander 1%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Italian 3% Portuguese 3% Slovak 3%
• Foreign-born: 10% · Canada, China
• Languages at home: 81% English-only · Spanish 11% Other Asian/Pacific 3% Other Indo-European 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: ▼ -356.36%
• Current HPI: 348.4979
• Rent YoY: ▲ 2.11%
• 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

+29.4% since first listed

7 events — show timeline

• 2026-06-02 Sold (Public Records) $304,000 Public Records
• 2026-06-02 Sold (MLS) $304,000 RMLS
• 2026-05-18 Pending — RMLS
• 2026-05-13 Listed $295,000 RMLS
• 2017-05-25 Sold (MLS) $248,250 RMLS
• 2017-04-17 Pending — RMLS
• 2017-04-12 Listed $234,950 RMLS

Property tax history

+11.4%/yr

Latest (2025): $3,180 · +3.7% YoY. Source: county tax records.