Condo with Private
For Sale
$250,000
255 SW HARRISON ST #14D, Portland, OR 97201
Bright condo with floor-to-ceiling windows and private balcony.
Property Size964 SF
Days on Market586
Property Features for 255 SW HARRISON ST #14D
General Information
Standard status
Active
Size
964 SF
Property subtype
Condominium
Site & Location
Neighborhood
Portland Downtown
Amenities
Central Air
Forced Air
Dishwasher
Disposal
Free-Standing Range
Free-Standing Refrigerator
Granite
Range Hood
Stainless Steel Appliance
Patio
Building Details
Building Size
964 SF
Year Built
1965
Stories
1
Listing Agency:
Keller Williams Sunset Corridor
Listed By:
Elizabeth Ramos · License #OR
(503) 310-4612
Source:
Kw
Added: Mar 27, 2025
Changed: Oct 25
Last Checked: Nov 1 at 10:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Sunset Corridor
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Investment Insights
Based on property information with market context.
This bright and inviting condo offers a comfortable living space with floor-to-ceiling windows that open to a private balcony, perfect for relaxing or entertaining. Stylish drapes complement the space, adding a touch of elegance. The well-maintained building features recent updates, including fresh interior paint, new carpets, and modern lighting fixtures. The HOA completed a major plumbing upgrade in 2014, replacing galvanized steel pipes with a high-tech system. Enjoy the convenience of a deeded parking space and extra storage. Nestled within the historically protected Halprin Open Space Sequence, this home is just steps from Portland’s vibrant arts, culture, and academic district. The Portland Streetcar stops right outside, providing easy access to the city.
Key Highlights
- Prime location steps from Portland's arts, culture, and academic district, with Portland Streetcar access.
- Seller offering credit towards buyer's closing costs, pre‑paids, or interest rate buydown.
- Enjoy a private balcony and floor‑to‑ceiling windows.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,378
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,560
$247.6K
Cap Rate 7%
$176,829
$176.8K
Cap Rate 9%
$137,533
$137.5K
Market Conditions
NOI Build-Up for 964 SF
Gross rent
$23.7K $24.60/SF
− Vacancy
−$1.2K −$1.25/SF
EGI
$22.5K $23.35/SF
− OpEx
−$10.1K −$10.51/SF
NOI
$12.4K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,560
Cap Rate 7%
$176,829
Cap Rate 9%
$137,533
Alternative Uses
Best Use
Apartment 5plus
$176.8K
$154.7K – $206.3K
NOI $12,378 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$270.7K
$236.9K – $315.8K
NOI $18,950 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
6,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 97201, OR
17,352
Population
10,748
Households
1.6
Avg Household Size
34
Median Age
67%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,133
Density / Sq Mi
$67,074
Median Household Income
$48,101
Median Earnings
$1,565
Median Rent
$648,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Bright condo with floor-to-ceiling windows and private balcony.
Where is this apartment building located?
The property is located at 255 SW HARRISON ST #14D Portland, OR.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime location steps from Portland's arts, culture, and academic district, with Portland Streetcar access.; Seller offering credit towards buyer's closing costs, pre‑paids, or interest rate buydown.; Enjoy a private balcony and floor‑to‑ceiling windows.
