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15 Most Active Condo Buildings

Ranked by MLS activity — sales, active listings, and market presence. Active now counts come from live Repliers search at each building address. Each card links to a full building profile with listings.

Building RatingsGreen — strong HOA finances, funded reservesYellow — adequate but warrants reviewRed — underfunded reserves, higher HOA burden

#1 YELLOW

Block 216 Residential Condominium

550 SW 10th Ave, Portland, OR 97205

Downtown Portland

Active now: 16
Avg Price: $1.3M
$/SF: $756
HOA/Mo: $2,160
Walk Score: 99

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Market Data

Portland Condo Market Snapshot

Analysis from last 6 months of sales, pending listings, and active inventory. Processed April 30, 2026.

1,702Total Listings

$331,000Median Sold Price

$325Median $/SF

$511Median HOA/Mo

67Median Days on Market

-2.2%Avg List-to-Close

383 of 682 sold units closed below list price — only 109 sold above.

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By Neighborhood

Price by Location

97209 (Pearl District) is the most active zip with 112 sales. 97205 (Downtown/PSU) leads on price but has a thinner market.

Zip Code	Area	Avg Sold Price	Sales Volume
97205	Downtown / PSU	$794,179	43
97210	NW Portland / Alphabet	$533,587	31
97212	NE Portland / Irvington	$496,983	12
97239	South Waterfront / Lair Hill	$471,994	39
97209	Pearl District	$466,617	112
97202	SE Portland / Sellwood	$465,495	20
97219	SW Portland / Multnomah	$447,674	22

Market Breakdown

By the Numbers

Bedroom Distribution

Studio87 units · 484 SF avg
1 Bedroom439 units · 797 SF avg
2 Bedrooms839 units · 1224 SF avg
3 Bedrooms305 units · 1590 SF avg
4 Bedrooms30 units

Building Age

Pre-1980474 units
1980–1999251 units
2000–2014512 units
2015–Present465 units

Rental and STR Policies

Rent-Capped Buildings561 units
No Rental Restrictions547 units
Short-Term Rental Allowed8% (56 of 693)

Analysis

Key Takeaways for Buyers

1

Green-Rated Buildings Save Money Long-Term

The $546/mo HOA gap between green ($302) and red ($848) avg buildings adds up to $6,552/year. Over a 5-year hold that’s $32,760 in additional carrying costs, before any special assessments.

2

Special Assessments Are a Hidden Risk

17 units carry active balances averaging $29K. Always request the HOA reserve study and meeting minutes before making an offer on any building, especially pre-1980 or red-rated stock.

3

The Pearl District Is the Most Liquid Market

316 listings, deepest buyer and seller pool, and the best resale conditions. It’s also among the most permissive for rentals relative to the rest of the city.

4

Short-Term Rentals Are Largely Off the Table

Only 8% of units with a known policy allow STR. Buyers looking to Airbnb should filter specifically for this — it’s a small subset concentrated in a few buildings.

5

High DOM Is a Negotiating Signal

The average sold unit sat for 106 days, and 56% of sales closed below list. Patience and lower offers are well-supported by the data.

6

South Waterfront Offers the Best Combination

Newer construction, river views, and relatively green-rated buildings (Strand) at mid-to-upper pricing. Competes well with the Pearl on value.

7

Worst HOA/Price Ratios in the Top 15

Quintet and American Plaza both have annual HOA costs approaching or exceeding 5% of unit value. These buildings make more sense as long-term holds where appreciation can offset the drag.

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