RealtyLens
for saleRealtyLens property overview
$395,000

1616 NE 45th Ave Unit 5E

Portland, OR, 97213
View more Portland, OR property pages
2Beds
2Baths
951Sqft
$415$/sqft

Listing Notes

Come see if modern urban living is for you in this two-bedroom, two full-bathroom condominium that is conveniently located in the active Hollywood District. This home has been meticulously maintained and is in impeccable, like-new condition. It has 9-foot ceilings, stainless steel appliances including a gas range, elegant quartz countertops, and in-unit laundry. Natural light is not hard to come by with all the well-placed windows throughout the home. The primary suite hosts a walk-in closet, with a full bathroom attached as well. The hall bathroom houses the washer and dryer and offers ample storage in the vanity and a full bathtub and shower combo. Stepping out onto the covered balcony off the living room - you get a great outdoor dining, or relaxing space. You have seamless access to public transit and an array of attractions within the Hollywood District, including the Hollywood Farmer's Market, Whole Foods, Trader Joe's, 24Hour Fitness, Hollywood Theatre, and a myriad of restaurants, services, and shops. The HOA covers Exterior Maintenance, Insurance, Management, Sewer, Trash, and Water.

Market Insights

Above nearby median+31%

$415/sqft vs a nearby median of $316/sqft.

Nearby median$316/sqft
Nearby properties6
Property size951 sqft
  • +31% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 951 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$312k$286k$338k · 58% confidence
vs ask $395k+$83k (+21.0%)

Asking price is about 21.0% above where comps + adjustments land — there is room to negotiate.

$323/sqft median across 5 tight comps × 951 sqft= $307k
  • Modern construction+$5k +1.5%
Cumulative NYC adjustments+$5k+1.5%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position+31% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

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

Diligence Read1 item to check
AI ReadinessReady to analyze
Assistant read

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

Listing Details

Days on market
5 days
Last price change
No change recorded
Listed
May 7, 2026
Photos
33 photos
Property type
condos
Status
for sale

Photos

Price History

May 8, 2026Initial record
$395,000for 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.