Need a REALTOR® for your

Portland area investment property?

OutofTownLandLord connects you with Portland’s very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the Portland area market below.

Justin Leithem, REALTOR®

Portland Investment Specialist

State: Oregon

Counties: Multnomah, Clackamas, Washington

Cities and Towns: Portland, Gresham, Sandy, Troutdale, Damascus, Boring, Welches, Rhodedendron, Lake Oswego, Happy Valley

Real Estate Experience: 4 years

Company: Iron Gate Realty Group

About Justin Leithem

I am a real estate investor first and foremost who chose to get into the real estate agent side of the business in order to help people accomplish their goals. I love helping people achieve financial freedom through real estate, and have made a commitment to set an example of what that looks like in my own life. I actively flip houses, own a 5 unit apartment, am developing my first housing development and hope to be out of the rat race within the next 2 years. I hope I can be of assistance to other investors looking to achieve similar goals!

About the Portland Area Market

Market Overview

Real estate in Portland has become a commodity in the last few years, with home prices outgrowing the national average and appreciation rates bursting with equity gains that far outpace the rest of the country. Portland real estate investors and homeowners can continue to expect great returns through 2017 thanks to a combination of positive factors, including new housing construction, employment and unemployment rates, etc. For those considering Portland real estate investments, the following provides a breakdown of appreciation rates in previous years:

  • Homes purchased in the Portland, OR housing market one year ago have appreciated, on average, by $47,097. The national average was $14,963 over the same period.
  • Homes purchased in the Portland, OR housing market three years ago have appreciated, on average, by $106,399. The national average was $46,878 over the same period.
  • Homes purchased in the Portland, OR housing market five years ago have appreciated, on average, by $153,934. The national average was $82,353 over the same period.

As you can see, Portland continues to outpace and out grow the rest of the country and shows no sign of slowing down.

Investment Price Points in Portland

Entry Level: $200,000

Mid Level: $350,000

Upper Level: $550,000

Portland Sample Properties

These recently settled homes are examples of what you can find in our market.

The sale prices are the actual sold prices, and the rents are what these types of homes could rent for in today’s market.

Entry Level

Sample 1Sample 2Sample 3
Town Troutdale SE Portland SE Portland
Type (SF, TH, Condo, Multi) SF SF SF
Est. Sale Price $225,000 $240,000 $250,000
Est. Taxes (Monthly) $187 $249 $253
Est. Insurance (Monthly) $37 $40 $41
Est. HOA and/or Condo Fee (Monthly) $0 $0 $0
Est. Rent (Monthly) $1,595 $1,650 $1,650
Age (Year Built) 1951 1966 1989
Approx. Sq.ft. 1,084 1,256 1,315
Bedrooms/Full Baths/Half Baths 2/1 3/2 3/2
Garage N Y Y
Lot Size 6,000 sq.ft. 5,227 sq.ft. 7000 sq.ft.

Mid Level Price Points

Sample 1Sample 2Sample 3
Town Clackamas Gresham SE Portland
Type (SF, TH, Condo, Multi) SF SF SF
Est. Sale Price $285,000 $289,000 $289,000
Est. Taxes (Monthly) $215 $266 $231
Est. Insurance (Monthly) $47 $47 $48
Est. HOA and/or Condo Fee (Monthly) $0 $0 $0
Est. Rent (Monthly) $1,800 $1,850 $1,795
Age (Year Built) 1975 1982 1951
Approx. Sq.ft. 1,715 2,015 1,416
Bedrooms/Full Baths/Half Baths 3/2 3/2 3/2
Garage Y Y Y
Lot Size 7,000 sq.ft. 8,900 sq.ft. 7,405 sq.ft.

Upper Level Price Points

Sample 1Sample 2Sample 3
Town Happy Valley Gresham SE Portland
Type (SF, TH, Condo, Multi) SF SF SF
Est. Sale Price $400,000 $410,000 $439,000
Est. Taxes (Monthly) $430 $297 $477
Est. Insurance (Monthly) $67 $68 $73
Est. HOA and/or Condo Fee (Monthly) $25 $0 $0
Est. Rent (Monthly) $2,300 $2,500 $2,500
Age (Year Built) 2016 1924 2003
Approx. Sq.ft. 2,300 2,992 2,800
Bedrooms/Full Baths/Half Baths 4/2 4/3 4/2.5
Garage Y Y Y
Lot Size 4,791 sq.ft. 1.12 ac. 7,800 sq.ft.

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