The property at 3325 SE 122nd Ave in Portland has a rental potential ranging from $2,500 to $3,200 per month based on comps. With an R1 zoning allowing multifamily dwellings, the payback period could shorten if redeveloped. Portland's rental market shows steady demand but slight declines in average rents due to economic and population trends. Notable features include spacious square footage, a large lot, and a Victorian style, which add unique charm but may limit appeal to modern renters.
To increase rental value, the owner could consider cosmetic updates, such as modernizing interiors and maximizing energy efficiency. For selling, emphasize the R1 zoning as a development opportunity and market the property as a rare chance to build multifamily units in a growing area of Portland. Address any deferred maintenance to attract higher offers.