**Motivated seller, AMAZING PRICE IMPROVEMENT, this condo won't last long!!** The McKenzie lofts were one of the first condo buildings in the Pearl, built without compromise. NOT a high-rise with only six floors and 68 homes. Very well run and solid HOA. This FOURTH FLOOR, south facing condo has floor to ceiling windows spanning the entire wall, filling the space with natural light and showcasing sweeping urban views. Enjoy a private covered balcony overlooking Flanders, perfect for morning coffee or evening relaxation. The open concept layout offers flexibility for defined living, dining, and sleeping areas. Features include a built-in closet, hardwood floors throughout, contemporary lighting, fresh interior paint, and NEW A/C UNIT. Premier, central Pearl location, just steps to parks, fitness studios, grocery, transit, and Portland’s best dining and shopping. Stylish, low-maintenance living at its best!
Active
Price cut: $36K (9/9)
$299,000
408 NW 12th Ave APT 412, Portland, OR 97209
1beds
860sqft
Residential, Condominium
Built in 1998
-- sqft lot
$294,300 Zestimate®
$348/sqft
$689/mo HOA
What's special
Contemporary lightingFresh interior paintBuilt-in closetHardwood floors throughoutShowcasing sweeping urban viewsOpen concept layout
- 207 days
- 343
- 23
Zillow last checked:
Listing updated:
Listed by:
Kate Kennedy 503-957-2833,
Windermere Realty Trust
Source: RMLS (OR),MLS#: 221505804
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Closet Organizer, Hardwood Floors, Loft, High Ceilings
- Level: Main
Dining room
- Level: Main
Kitchen
- Features: Hardwood Floors, Island, High Ceilings
- Level: Main
Living room
- Features: Balcony, Great Room, Hardwood Floors, High Ceilings
- Level: Main
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Built-In Range, Dishwasher, Disposal, Free-Standing Refrigerator, Microwave, Washer/Dryer, Electric Water Heater
- Laundry: Laundry Room
Features
- Elevator, High Ceilings, Quartz, Kitchen Island, Balcony, Great Room, Closet Organizer, Loft
- Flooring: Hardwood, Tile
- Basement: Full
Interior area
- Total structure area: 860
- Total interior livable area: 860 sqft
Property
Parking
- Total spaces: 1
- Parking features: Deeded, Off Street, Garage Door Opener, Condo Garage (Undeeded), Attached
- Attached garage spaces: 1
Accessibility
- Accessibility features: Accessible Entrance, Garage On Main, Main Floor Bedroom Bath, Natural Lighting, One Level, Accessibility
Features
- Stories: 1
- Entry location: Upper Floor
- Patio & porch: Covered Deck
- Exterior features: Balcony
- Has view: Yes
- View description: City
Lot
- Features: Level, On Busline, Street Car
Details
- Parcel number: R215467
Construction
Type & style
- Home type: Condo
- Architectural style: NW Contemporary
- Property subtype: Residential, Condominium
Materials
- Brick
- Foundation: Slab
- Roof: Built-Up
Condition
- Resale
- New construction: No
- Year built: 1998
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Condo Elevator
- Security: Fire Sprinkler System, Intercom Entry, Security Gate
- Subdivision: Mckenzie
HOA
- Has HOA: Yes
- Amenities included: Commons, Exterior Maintenance, Management, Sewer, Trash, Water
- HOA fee: $689 monthly
Location
- Region: Portland
Financial & listing details
- Price per square foot: $348/sqft
- Tax assessed value: $424,620
- Annual tax amount: $7,386
- Date on market: 3/20/2026
- Listing terms: Cash,Conventional,FHA
- Road surface type: Paved
Estimated market value
$294,300
$280,000 - $309,000
$2,073/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Price change | $299,000-10.7%$348/sqft |
Source:  RMLS (OR) #221505804 Report a problem | ||
| 4/28/2026 | Price change | $335,000-4.3%$390/sqft |
Source: RMLS (OR) #221505804 Report a problem | ||
| 3/21/2026 | Listed for sale | $350,000+6.7%$407/sqft |
Source: RMLS (OR) #221505804 Report a problem | ||
| 9/30/2024 | Listing removed | $2,100$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/17/2024 | Listed for rent | $2,100+10.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/31/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/6/2023 | Price change | $1,900-7.3%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/7/2023 | Price change | $2,050-4.7%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/27/2023 | Listed for rent | $2,150+7.8%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/9/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 10/29/2022 | Listed for rent | $1,995+66.3%$2/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/28/2014 | Sold | $328,000-6%$381/sqft |
Source: RMLS (OR) #14243524 Report a problem | ||
| 4/9/2014 | Listed for sale | $349,000+102.2%$406/sqft |
Source: The Hasson Company #14243524 Report a problem | ||
| 9/30/2012 | Listing removed | $1,200$1/sqft |
Source: Mainlander Properties Report a problem | ||
| 9/29/2012 | Listed for rent | $1,200$1/sqft |
Source: Mainlander Properties Report a problem | ||
| 1/30/1998 | Sold | $172,625$201/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,386 +12.2% | $276,000 +3% |
| 2024 | $6,581 -4.5% | $267,970 +3% |
| 2023 | $6,888 +2.2% | $260,170 +3% |
| 2022 | $6,739 +1.7% | $252,600 +3% |
| 2021 | $6,625 +9% | $245,250 +3% |
| 2020 | $6,077 +3.8% | $238,110 +3% |
| 2019 | $5,854 | $231,180 +3% |
| 2018 | $5,854 +3% | $224,450 +3% |
| 2017 | $5,682 +14% | $217,920 +3% |
| 2016 | $4,983 | $211,580 +3% |
| 2015 | $4,983 +2.7% | $205,420 +3% |
| 2014 | $4,852 +3.9% | $199,440 +3% |
| 2013 | $4,668 +15.9% | $193,640 +3% |
| 2012 | $4,030 -0.8% | $188,000 +3% |
| 2011 | $4,063 +5.5% | $182,530 +3% |
| 2010 | $3,851 +2.7% | $177,220 +3% |
| 2009 | $3,749 +5.9% | $172,060 +3% |
| 2008 | $3,539 +0.2% | $167,050 +3% |
| 2007 | $3,531 +11.4% | $162,190 +3% |
| 2006 | $3,171 | $157,470 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Pearl District
Nearby schools
Schools provided by the listing agent
- Elementary: Chapman
- Middle: West Sylvan
- High: Lincoln
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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