Green-Rated Buildings Save Money Long-Term
The $546/mo HOA gap between green ($302) and red ($848) avg buildings adds up to $6,552/year. Over a 5-year hold that’s $32,760 in additional carrying costs, before any special assessments.
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The $546/mo HOA gap between green ($302) and red ($848) avg buildings adds up to $6,552/year. Over a 5-year hold that’s $32,760 in additional carrying costs, before any special assessments.
17 units carry active balances averaging $29K. Always request the HOA reserve study and meeting minutes before making an offer on any building, especially pre-1980 or red-rated stock.
Zip 97209 led sold volume with 112 closings in this dataset — the deepest buyer and seller pool by neighborhood. It’s also among the more permissive areas for rentals relative to the rest of the city.
Featured
Ranked by MLS activity — sales, active listings, and market presence. Active now counts come from live Repliers search at each building address. Each card links to a full building profile with listings.
Market Data
Based on 1,702 Multnomah County condo MLS listings (sales, pending, and active) from the last 6 months through June 2026.
383 of 682 sold units closed below list price — only 109 sold above.
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Active condo listings inside Portland city limits, starting in the Pearl and downtown core. Drag or zoom the map to refresh this view, then open the full map for saved searches and more filters.
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Virtual Showings
12 newest Portland condos with video tours. Watch each tour in the player below and use the filmstrip to jump between listings without leaving the guide.
Just listed (12)
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By Neighborhood
97209 (Pearl District) led sold volume with 112 closings. 97205 (Downtown/PSU) leads on average sold price but has a thinner market.
Downtown / PSU
43 sold in dataset
NW Portland / Alphabet
31 sold in dataset
NE Portland / Irvington
12 sold in dataset
South Waterfront / Lair Hill
39 sold in dataset
Pearl District
112 sold in dataset
SE Portland / Sellwood
20 sold in dataset
Market Breakdown
Analysis
The $546/mo HOA gap between green ($302) and red ($848) avg buildings adds up to $6,552/year. Over a 5-year hold that’s $32,760 in additional carrying costs, before any special assessments.
17 units carry active balances averaging $29K. Always request the HOA reserve study and meeting minutes before making an offer on any building, especially pre-1980 or red-rated stock.
Zip 97209 led sold volume with 112 closings in this dataset — the deepest buyer and seller pool by neighborhood. It’s also among the more permissive areas for rentals relative to the rest of the city.
Only 8% of units with a known policy allow STR. Buyers looking to Airbnb should filter specifically for this — it’s a small subset concentrated in a few buildings.
The average sold unit sat for 106 days, and 56% of sales closed below list. Patience and lower offers are well-supported by the data.
Newer construction, river views, and relatively green-rated buildings (Strand) at mid-to-upper pricing. Competes well with the Pearl on value.
Quintet and American Plaza both have annual HOA costs approaching or exceeding 5% of unit value. These buildings make more sense as long-term holds where appreciation can offset the drag.
FAQ
Quick answers on HOA docs, ratings, special assessments, and negotiation — grounded in this guide's MLS analysis.
Request the reserve study, current budget, recent meeting minutes, and any pending special assessment notices. Cross-check those against the building rating on this guide — yellow and red buildings warrant a closer look at reserves and litigation history.
In this analysis, 17 units carried active special assessment balances averaging about $29K. Always ask for current assessment status on the specific building, especially pre-1980 or red-rated stock.
Green signals stronger HOA finances and funded reserves relative to Portland peers. Yellow is adequate but warrants document review. Red usually means higher HOA burden or underfunded reserves — useful for negotiation, not an automatic pass.
Usually not. Only about 8% of units with a known policy allow short-term rentals. Filter specifically for STR-allowed buildings if that is a requirement.
Yes. Median days on market was 67 in this dataset, average sold DOM was 106, and most closed sales finished below list. Patience and data-backed offers are well supported.
Zip 97209 (Pearl District) led sold volume with 112 closings in this dataset. Downtown/PSU (97205) leads on average sold price but has thinner volume.
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SW Portland / Multnomah
22 sold in dataset
| Zip Code | Area | Avg Sold Price | Sales Volume |
|---|---|---|---|
| 97205 | Downtown / PSU | $794,179 | 43 |
| 97210 | NW Portland / Alphabet | $533,587 | 31 |
| 97212 | NE Portland / Irvington | $496,983 | 12 |
| 97239 | South Waterfront / Lair Hill | $471,994 | 39 |
| 97209 | Pearl District | $466,617 | 112 |
| 97202 | SE Portland / Sellwood | $465,495 | 20 |
| 97219 | SW Portland / Multnomah | $447,674 | 22 |
Just Listed
A quick look at the latest active listings in Portland city limits.
$297,000
1420 NW Lovejoy StUnit 604Portland, OR 97209
1 bed · 1 bath · 770 SQFT
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