For SaleRisky Deal7 days on market
653 SW Sherman St
653 SW Sherman St, Portland, OR 97201, Portland, OR 97201
$492,000
Listing Price
653 SW Sherman St, Portland, OR 97201
Loc: Portland, OR
Days Listed
7
Tax Assessed
$551k
Lot Size
1,742 sqft
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
9
Ainsworth Elementary School
K-5
0.7 mi away
6
West Sylvan Middle School
6-8
3.7 mi away
8
Lincoln High School
9-12
0.9 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
craftsmanshingle sidingbrick masonrycozy cottageporchlandscapedstone stepsshadedwoodland settingpatioresidentialcharming
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.96%
Total ROI
88.3%
Cash Flow
$-111/mo
DSCR
0.96
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-111/mo net cash flow with a 6.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.0%)
- • Strong rental demand in Portland
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-18 | Listed for sale | $492,000 | $196 |
| 2026-07-29 | Listing removed | $3,425 | $1 |
| 2026-07-22 | Listed for rent | $3,425 | $1 |
| 2024-08-03 | Listing removed | $0 | – |
| 2024-06-26 | Price change | $3,295 | $1 |
| 2024-04-20 | Listed for rent | $3,400 | $1 |
| 2021-05-04 | Listing removed | $0 | – |
| 2021-04-08 | Listed for rent | $2,950 | $1 |
| 2020-12-30 | Listing removed | $0 | – |
| 2020-11-24 | Price change | $2,800 | $1 |
| 2020-10-15 | Listed for rent | $3,000 | $1 |
| 2019-08-02 | Sold | $380,000 | $151 |
| 2019-07-09 | Pending sale | $739,900 | $295 |
| 2019-06-10 | Price change | $739,900 | $295 |
| 2019-05-31 | Price change | $749,900 | $299 |
| 2018-10-18 | Price change | $799,500 | $319 |
| 2018-10-04 | Listed for sale | $799,900 | $319 |
| 2018-09-13 | Pending sale | $799,900 | $319 |
| 2018-08-10 | Listed for sale | $799,900 | $319 |
| 2013-12-30 | Sold | $240,000 | $96 |
| 2013-10-19 | Listed for sale | $295,000 | $118 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $7,244.98 | $269,130 |
| 2024 | $6,984.67 | $261,300 |
| 2023 | $6,716.09 | $253,690 |
| 2022 | $6,570.9 | $246,310 |
| 2021 | $6,459.77 | $239,140 |
| 2020 | $5,925.75 | $232,180 |
| 2019 | $5,707.84 | $225,420 |
| 2018 | $5,707.84 | $218,860 |
| 2017 | $5,540.03 | $212,490 |
| 2016 | $4,859.16 | $206,310 |
| 2015 | $4,859.16 | $153,540 |
| 2014 | $3,626.97 | $149,070 |
| 2013 | $3,151.4 | $144,730 |
| 2012 | $2,804.6 | $140,520 |
| 2011 | $2,956.35 | $136,430 |
| 2010 | $2,878.16 | $132,460 |
| 2009 | $2,801.97 | $128,610 |
| 2008 | $2,645.25 | $124,870 |
| 2007 | $2,639.66 | $121,240 |
| 2006 | $2,370.29 | $117,710 |
| 2005 | $2,262.96 | $114,290 |
| 2004 | $2,469.99 | $110,970 |
| 2003 | $2,291.91 | $107,740 |
| 2002 | $2,169.97 | $104,610 |
| 2000 | $2,010.04 | $98,620 |
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