RealtyLens
for saleRealtyLens property overview
$270,000

5503 SW Multnomah Blvd

Portland, OR, 97219
View more Portland, OR property pages
2Beds
1.5Baths
1,088Sqft
$248$/sqft

Listing Notes

Welcome to this beautifully updated condo in the heart of Southwest Portland! Located at Multnomah, this move-in ready home offers the perfect blend of modern updates, convenience, and access to some of Portland's most desirable amenities. The entire first floor has been fully remodeled, featuring stylish finishes, updated flooring, a refreshed kitchen, and an inviting open-concept layout designed for comfortable everyday living and entertaining. Natural light fills the living spaces, creating a warm and welcoming atmosphere throughout.Situated just minutes from the popular Multnomah Village, residents can enjoy easy access to local coffee shops, restaurants, boutiques, parks, and community events that make Southwest Portland one of the city's most sought-after areas. The location also provides convenient access to downtown Portland, major freeways, hiking trails, and public transportation, making commuting and exploring the city effortless. Whether you are a first-time home buyer, downsizing, or searching for an investment opportunity, this condo offers exceptional value in a prime Portland location.Enjoy low-maintenance living in a vibrant community by shopping, dining, entertainment, and outdoor recreation. Don't miss the opportunity to own a beautifully remodeled condo by Multnomah Village in Southwest Portland! [Home Energy Score = 7. HES Report

Market Insights

Below nearby median-42%

$248/sqft vs a nearby median of $430/sqft.

Nearby median$430/sqft
Nearby properties4
Property size1,088 sqft
  • -42% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,088 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$453k$407k$499k · 39% confidence
vs ask $270k−$183k (−67.8%)

Asking price is about 67.8% below the fair value — likely to draw competing offers if it's still on market.

$430/sqft median across 4 tight comps × 1,088 sqft= $467k
  • Mid-century building era−$7k −1.5%
  • Sparse street life−$7k −1.5%
Cumulative NYC adjustments−$14k−3.0%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-42% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.

Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
0 days
Last price change
No change recorded
Listed
May 12, 2026
Photos
29 photos
Property type
condos
Status
for sale
Last sold
Sep 30, 2022 · $280,000
Garage
1 space

Features & Amenities

Outdoor SpaceDishwasherFireplaceViewTwo Or More StoriesGarage 1 Or MoreInvestment OpportunityTrailsOpen Concept Floor PlanOpen ConceptDenParkShopping

Photos

Price History

May 13, 2026Initial record
$270,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.