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The Organic Corridor is what people traditionally thought of when someone mentions how eclectic Portland is. This part of town is full of pocket neighborhoods that are both funky and chic. This really is where the "green" Portlander feels most at home. Check out what sort of property you can expect to find here and then scroll down for a description of each of this areas pocket neighborhoods.
Most of the residential part of this neighborhood is made up of old world charm from single-family Victorians and bungalows to small scale 1930’s, 40’s and 50’s apartment complexes sometimes wrapped around charming garden courtyards (think “Tales of the City”). Many of these classic apartment buildings have been updated and converted in the past few years. The condos themselves tend to be pretty small in scale, but charming from floor to ceiling. The smaller size of these condos make them a great opportunity for people who are getting into their first Portland property or simply want to live more efficiently. The condo route is a great way to enjoy the Hawthorne neighborhood without having to shell out $400,000 for a fixer bungalow. ` Properties in these areas are never more than a 10 minute drive to most downtown destinations and you’re never more than 6 blocks from your choice of “frequent service” bus lines that usually come every 15 minutes. In addition to public transportation, the East side has lots of bike lanes and bike streets. If bicycling is your thing, let me know. I have plenty of bicycle maps.
If your taste in living is new and modern, then all of these neighborhoods have something for you as well. There are several small to mid-sized condo complexes in the area that offer modern floor plans and finishes.
The condo prices in this part of town can vary from the mid $200’s per sqft. to around $400 per sqft. Condo conversions that don’t feature a lot of high-end upgrades or new mechanical updates will be on the lower end of the spectrum. Re-sales condos in sharper and newer complexes are usually priced in and around $300 per square foot. Brand new construction with expensive finishes can be priced in the $300’s or even more. Single-family homes in this area tend to sell for an average of about $430,000. Condos prices in this area average out at about $250,000. The average price for condos in this area should be taken in context because there aren’t enough condos in this area to give us a consistent average price. The appearance of a large, new high-end complex could throw this number out of whack. The same could happen for a wave of studio apartment conversions hitting the market. The number of units that are sold in this area each month could be about ¼ of what is sold in Downtown/The Pearl District.