2 months on rocket

Sale Pending

1904 SE 80th Ave, Portland, OR, 97215

$2,450,000

Home List Price

$10,000*

Closing Credit

0 Baths
8,231 SqFt
$298/SqFt
House
Schools Nearby

Location

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1904 SE 80th Ave, Portland$2,450,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway, Street Parking
Year Built1966
HeatingForced Air
CoolingNone
MLS #24322040
Lot Size0.43 Acres
StatusSale Pending
(Pending)

About 1904 SE 80th Ave

The Tabor Villa Apartments represent a unique opportunity to acquire a turn-key & stabilized asset in the well performing central Southeast Portland sub-market. The property is comprised of 11 units, and is well situated in a quiet residential setting, making for serene living for the residents. Located in the Montavilla neighborhood, near local colleges (Warner Pacific & PCC) and just blocks from the popular amenities along the hubs of SE Portland, Hawthorne, Division, etc, the property appeals to a broad tenant base. The community features single level, modernized apartments with spacious floor plans, and on-site parking. The community underwent a complete transformation in 2022 on both the interior & exterior, with each unit featuring new cabinets, flooring, paint, quartz countertops, SS appliances and various touches throughout.The property was leased up at strong rental rates in 2022 & 2023, allowing the opportunity for an investor to step in and reap the benefits of a stabilized investment with strong cash flow day 1. The investment also provides additional upside as units re-lease during more favorable leasing months (Spring/Summer), and as the community transitions to a tenant utility bill back system which is currently in motion ( 5 out of 11 units are now on the new system, and the income should continue to increase as more units are added). A truly unique & quality investment opportunity, with the upgrades in place to meet the demands of today's renters.

Property Details

Property Features

Property Information:

  • Year Built: 1966
  • Stories: 1
  • Living Area: 8,231 SqFt

Listing Office:

  • Office Name: RealtyNET, LLC
  • Office Phone: (800) 883-6905
  • Listing Agent: Greg Messick

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Street Parking

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.43 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

School Info

Assigned Schools Information:

  • Franklin High School, Public District Grades 9-12
  • Bridger Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: SE 80th/SE Harrison St

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,450,000
  • Price Per SqFt: $298/SqFt
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Housing Market Comparison

See how this home compares to others in Portland, OR.

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Portland, OR

City

Med. Sold Price

$537.4K

Med. Price/SqFt

$315

Avg. Days On Market

36

# of Sold Homes

774

1904 SE 80th Ave vs Portland

88 DAYS ON ROCKET

+52 Days

$2,450,000

+$1.9M More

$298/SqFt

-$17 Less

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price and $17/SqFt less than other homes in Portland, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #24322040

Listing Office:

  • Office Name: RealtyNET, LLC
  • Office Phone: (800) 883-6905
  • Listing Agent: Greg Messick

IDXThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/14/2024, 9:20:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Rate/APR

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Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-338607
6
/10

  • Bridger Elementary School

  • 7910 SE Market St

  • 0.11 miles

  • Public District Grades KG-8

High School

school-card-donut-338608
7
/10

  • Franklin High School

  • 5405 SE Woodward St

  • 1.36 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,938. The most common annual income of people living in Portland, OR is between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1904 SE 80th Ave

What is the listing price of this property?

The listing price of 1904 SE 80th Ave property is $2,450,000.

What type of property is this?

The property 1904 SE 80th Ave is a house located in Portland, Oregon, 97215.

Is this property for sale now?

Sale Pending: 1904 SE 80th Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 1904 SE 80th Ave are:
Bridger Elementary School: GreatSchools Rating 6/10
Franklin High School: GreatSchools Rating 7/10

What is the square footage of this property?

The property 1904 SE 80th Ave is 8,231 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1904 SE 80th Ave is 1966.

Rocket Homes›Oregon›Multnomah County›Portland›97215›1904 SE 80th Ave

This home is located at 1904 SE 80th Ave in Portland, OR and zip code 97215 in the Southeast Portland neighborhood. This 8,231 square foot home, which was built in 1966, sits on a 0.43 acre lot. It has been listed on Rocket Homes since February 15, 2024 and is currently priced at $2,450,000.

While more than 338 listings in Portland, OR in April 2024 were sold above asking price, there were more than 166 listings sold at asking price, and more than 270 were sold below. The inventory of homes for sale in Portland, OR between March 2024 and April 2024 increased by 19.3%. The median list price of listings available in April 2024 was $537,475, while the average time on the real estate market was 36 days.

From Rocket Homes Real Estate and based on county public records data.

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