2 months on rocket

136 SE 97th Ave, Portland, OR, 97216

$379,000

Home List Price

$4,501*

Closing Credit

3 Bedrooms
2 Full Baths
1,049 SqFt
$361/SqFt
House

Location

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136 SE 97th Ave, Portland$379,000

Buyer Closing Credits

$4,501*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Parking Pad
Attached Garage2 spaces
Year Built1979
HeatingWood Stove
CoolingNone
WaterfrontOther
FireplaceWood Burning
MLS #24456797
Lot Size0.12 Acres
StatusActive

About 136 SE 97th Ave

This property presents a unique investment opportunity, blending stable rental income with significant future potential. Currently zoned for commercial use but functioning as a residential rental, this property is occupied by long-term tenants who have been in place for 7 years, benefiting from the Section 8 housing program. The existing structure offers comfortable living space with 3 bedrooms and 2 bathrooms, making it an ideal residence for tenants seeking convenience and accessibility. The property’s commercial zoning adds a layer of versatility, providing the possibility for future development or conversion to a commercial enterprise, all while maintaining a steady income stream from the current residential use. Situated in a prime location with easy access to major transportation routes, shopping, and amenities, this property is perfect for investors looking to secure a solid return today with the flexibility to adapt to future market needs. The Section 8 tenant has not had a rent increase since 2018, and according to the local public housing authority, a rental increase will most likely be approved, offering an additional financial upside. The current tenants pay $2,058 monthly rental income. For further questions, please contact the listing agent. Don’t miss out on this rare chance to own a dual-purpose property in the heart of Portland’s evolving landscape. No sign on property. DO NOT disturb tenants.

Property Details

Property Features

Property Information:

  • Architectural Style: 1 Story, Ranch
  • Year Built: 1979
  • Stories: 1
  • Living Area: 1,049 SqFt

Listing Office:

  • Office Name: MORE Realty
  • Office Phone: (503) 779-9377
  • Listing Agent: Alejandro Contreras-Peraza

Interior Features

Interior Information:

  • Appliances: Disposal, Range, Range Hood
  • Basement: No
  • Flooring Type: Laminate
  • Interior: Washer/Dryer
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Other
  • Exterior: Fence, Yard

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Driveway, Parking Pad

Lot Features

Lot Information:

  • Lot: Level, Pasture
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Wood Stove
  • Cooling: None

Other

Directions Information:

  • Directions: From E Burnside, South on 97th

Price Information

Listing Price Info

Price Summary:

  • List Price: $379,000
  • Price Per SqFt: $361/SqFt

Tax Information:

  • Annual Amount: $3,411
  • Tax Year: 2020
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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

$541.3K

Med. Price/SqFt

$315

Avg. Days On Market

48

# of Sold Homes

849

136 SE 97th Ave vs Portland

81 DAYS ON ROCKET

+33 Days

$379,000

-$162.3K Less

$361/SqFt

+$45 More

KEY TAKEAWAY

This property is $162.3K less than the Median Sold Price and $45/SqFt more 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: #24456797

Listing Office:

  • Office Name: MORE Realty
  • Office Phone: (503) 779-9377
  • Listing Agent: Alejandro Contreras-Peraza

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: 11/17/2024, 7:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 07, 2017Home Sold
$280,000
Sep 28, 2015Home Sold
$110,000
Jun 01, 1988Home Sold
$29,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,411$157,250
2018$3,200$148,230
2017$2,936$137,060

History based on county public records data.

Payment Calculator

$1,959

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,203

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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.

Nearby Schools

school-card-donut-420370
7
/10

  • Vestal Elementary School

  • 161 NE 82nd Ave

  • 0.82 miles

  • Public District Grades KG-5

school-card-donut-420371
5
/10

  • Cherry Park Elementary School

  • 1930 SE 104th Ave

  • 0.93 miles

  • Public District Grades PK-5

school-card-donut-420372
3
/10

  • Ventura Park Elementary School

  • 145 SE 117th Ave

  • 0.95 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,905. Typical income of Portland, OR residents is less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 136 SE 97th Ave

What is the listing price of this property?

The listing price of 136 SE 97th Ave property is $379,000.

What type of property is this?

The property 136 SE 97th Ave is a house located in Portland, Oregon, 97216.

Is this property for sale now?

Active Listing: 136 SE 97th Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,411 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 7, 2017 for $280,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 136 SE 97th Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 136 SE 97th Ave is 1,049 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 136 SE 97th Ave is 1979.

Rocket Homes›Oregon›Multnomah County›Portland›97216›136 SE 97th Ave

This home is located at 136 SE 97th Ave in Portland, OR and zip code 97216 in the East Portland neighborhood. This 1,049 square foot home, which was built in 1979, sits on a 0.12 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 28, 2024 and is currently priced at $379,000.

In October 2024, from all listings sold in Portland, OR there were more than 298 sold above asking price, over 339 sold below and more than 212 were sold right at the asked price. The number of listings in Portland, OR increased by 4.2% between September 2024 and October 2024. Listings spent 48 days on the market in October 2024, and had a median list price of $541,309 during the same period.

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

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