5 months on rocket

5840 SE 89th Ave, Portland, OR, 97266

$1,948,800

Home List Price

$10,000*

Closing Credit

0 Baths
5,369 SqFt
$363/SqFt
House

Location

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5840 SE 89th Ave, Portland$1,948,800

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingStreet Parking
Year Built2023
HeatingHeat Pump
CoolingHeat Pump, Wall Unit(s)
MLS #24164065
Lot Size0.07 Acres
StatusActive

About 5840 SE 89th Ave

New 11 unit apartment building in the Lents District which offers a vibrant community with amenities like FlipSide Bar and Carts, the Farmers Market, Lents Park, and easy transportation making it an attractive location for tenants. The fact that the building is professionally managed and fully leased adds to its appeal, as does the availability of plenty of street parking and outdoor amenities. Having full income and expense reports available for a Buyer makes it transparent and easier to assess the investment's potential. Overall, a plug-and-play investment opportunity in a promising location.

Property Details

Property Features

Property Information:

  • Year Built: 2023
  • Stories: 3
  • Living Area: 5,369 SqFt

Listing Office:

  • Office Name: Legacy Realty Group
  • Office Phone: (503) 496-5190
  • Listing Agent: Mark Lisac

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Street Parking

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump, Wall Unit(s)

School Info

Assigned Schools Information:

  • Franklin High School, Public District Grades 9-12
  • Lane Middle School, Public District Grades 6-8
  • Kelly Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Between SE Foster Rd and SE Woodstock Blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,948,800
  • Price Per SqFt: $363/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

$541.3K

Med. Price/SqFt

$315

Avg. Days On Market

48

# of Sold Homes

849

5840 SE 89th Ave vs Portland

164 DAYS ON ROCKET

+116 Days

$1,948,800

+$1.4M More

$363/SqFt

+$47 More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $47/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: #24164065

Listing Office:

  • Office Name: Legacy Realty Group
  • Office Phone: (503) 496-5190
  • Listing Agent: Mark Lisac

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: 11/5/2024, 8:20:52 PM 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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Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,909

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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-2196101
5
/10

  • Kelly Elementary School

  • 9030 SE Cooper St

  • 0.52 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2196102
2
/10

  • Lane Middle School

  • 7200 SE 60th Ave

  • 1.59 miles

  • Public District Grades 6-8

High School

school-card-donut-2196103
7
/10

  • Franklin High School

  • 5405 SE Woodward St

  • 2.31 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 $39,226. Most Portland, OR residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5840 SE 89th Ave

What is the listing price of this property?

The listing price of 5840 SE 89th Ave property is $1,948,800.

What type of property is this?

The property 5840 SE 89th Ave is a house located in Portland, Oregon, 97266.

Is this property for sale now?

Active Listing: 5840 SE 89th Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5840 SE 89th Ave are:
Kelly Elementary School: GreatSchools Rating 5/10
Lane Middle School: GreatSchools Rating 2/10
Franklin High School: GreatSchools Rating 7/10

What is the square footage of this property?

The property 5840 SE 89th Ave is 5,369 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5840 SE 89th Ave is 2023.

Rocket Homes›Oregon›Multnomah County›Portland›97266›5840 SE 89th Ave

This home is located at 5840 SE 89th Ave in Portland, OR and zip code 97266 in the East Portland neighborhood. This 5,369 square foot home, which was built in 2023, sits on a 0.07 acre lot. It has been listed on Rocket Homes since May 25, 2024 and is currently priced at $1,948,800.

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. In October 2024, listings were on the market for 48 days. During the same period, the median list price in this real estate market was $541,309.

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

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