tomo logo

$535,000

Beds
4
Baths
2.0
sq ft
Unknown

1704 NE 81st Ave, Portland, OR 97213

1704 NE 81st Ave

Portland, OR 97213

  • 5 days on market
    • Price drop $15,000↓
Live in luxury and let your tenants pay the mortgage! This incredible 2-unit multifamily property is the perfect blend of savvy investing and comfortable living. Each unit features two bedrooms and one bathroom. The properties boast hardwood floors and quartz countertops in the kitchen. This prime location is in close proximity to a university, public transportation, and highway access, making it an attractive rental opportunity. Whether you’re a first-time investor or looking to expand your portfolio, this is a rare find that won’t last long. Live smarter—invest wiser! Please refrain from disturbing the tenants. Listing agent is an Oregon licensed Realtor, and Trustee to property.

Details

Property type

Single Family Residence

Est. home value

$447,432

Lot size

5,227 sq ft

Price per sq ft

Unknown

Year built

1962

Annual property taxes

$5,253.44

HOA

No

Price History

04/02/2025
PortlandOR

PortlandOR #153123041

Listed
$535,000
+5.94%
10/29/2021
PortlandOR

PortlandOR #21651341

Sold
$505,000

Schools & Community

Neighborhood: 

Madison South

Elementary school: 

Jason Lee

Middle school: 

Roseway Heights

High school: 

Leodis McDaniel

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$142,691
Asking price
$535,000
Closing costs (~8% of asking)
-$42,800
Est. remaining loan balance
-$349,509
Cash to seller
$142,691

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Imc Mortgage Corp

Loan start date

October 2021

Original loan amount

$378,000

Est. remaining balance

$349,509

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Glen S Stone

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/07/2025 at 2:45 PM

Listing updated: 04/07/2025 at 1:57 AM

Listed by: Risa Davis, eXp Realty, LLC Phone #: (888) 814-9613

MLS: PortlandOR #153123041

PortlandOR logo

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