5500 NW Neakahnie AvePortlandOR97229
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Portland at 5500 NW Neakahnie Ave, Portland, OR, 97229 uses $210,560 cash to close to unlock $3,520/yr annual cash flow and $293/mo monthly cash flow. Total monthly income runs $4,156/mo, and a $3,132/mo payment keeps the spread at $293/mo. Purchase price stands at $640,000, and rental yield measures 7.79% with $4,156/mo rent. Return on cash invested shows 21.73% in year one, and 5% annual appreciation builds toward $176,820 over five years. Five-year ROI reaches 112.39% and total cumulative return in cash records $236,646. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,156/mo property income covering a $3,132/mo payment rather than investor’s personal income.
Multi Family
Built in 1979
N/A lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97229, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,595 (100%) |
| Owner Occupied HU | 19,842 (69.4%) |
| Renter Occupied HU | 7,682 (26.9%) |
| Vacant Housing Units | 1,071 ( 3.7%) |
| Median Home Value | $780,837 |
| Average Home Value | $818,718 |
Housing Distribution
Address Breakdown
Residential
28,709
Single Family
26,480
Multi-Family
2,229
Businesses
508
Price History
Date | Event | Price |
|---|---|---|
| 2025-08-13 | Sold | $640,000 |
| 2025-07-07 | Pending sale | $649,950 |
| 2025-06-19 | Listed for sale | $649,950 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1979
- Architectural Style: N/A
- Building Area: 2,444
- Living Area: 2,444 sqft
- Property Condition: Approximately
Features & Amenities
- Heating: Baseboard
- Cooling: None
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Driveway
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Lenox
- Middle School: Poynter
- High School: Liberty
Listed by: Jeff Edmondson • 24/7 Properties
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #644353444
Disclaimer: The 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 brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-11-03 03:04:12 PST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.