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Click here for Sept. 30 foreclosure sale details
Sept. 30, 2024 update
| Property address | Minimum bid* |
|---|---|
| No bids: 9124 NE Prescott St., Portland, 97220 (map) | $139,469.88 (bid amount updated) |
| No bids: 2826 SE 87th Ave., Portland, 97266 (map) | $206,010.00 |
| No bids: 6402 SE 103rd Ave., Portland, 97266 (map) | $293,955.00 |
| No bids: 1300 N River St., Portland, 97227 (map) | $618,345.51 (bid amount updated) |
| Sold: 4611 N Minnesota Ave., Portland, 97217 (map) | $65,077.50 Sold Sept. 30, 2024 for $65,077.50 |
| Sold: 5923 N Detroit Ave., Portland 97217 (map) | $105,682.50 Sold Sept. 30, 2024 for $200,000 |
*Minimum bid amounts are equal to or greater than the amount of the combined lien principal, interest, penalties, collection and foreclosure sales costs; or 75% of the total assessed value of the real property, as determined by the county assessor.
Sept. 27, 2024 update
As of Sept. 27, the properties listed below will be available to bid on at the Sept. 30 foreclosure sale. The list is subject to change; current property owners may pay their outstanding liens and penalties before the foreclosure sale to have their property removed from the sale.
| Property address | Minimum bid* |
|---|---|
| 9124 NE Prescott St., Portland, 97220 (map) | $139,469.88 (bid amount updated) |
| 2826 SE 87th Ave., Portland, 97266 (map) | $206,010.00 |
| 6402 SE 103rd Ave., Portland, 97266 (map) | $293,955.00 |
| 1300 N River St., Portland, 97227 (map) | $618,345.51 (bid amount updated) |
| 4611 N Minnesota Ave., Portland, 97217 (map) | $65,077.50 |
| 5923 N Detroit Ave., Portland 97217 (map) | $105,682.50 |
*Minimum bid amounts are equal to or greater than the amount of the combined lien principal, interest, penalties, collection and foreclosure sales costs; or 75% of the total assessed value of the real property, as determined by the county assessor.
| Property address | Date liens and fees paid |
|---|---|
| 6214 N Kerby Ave., Portland, 97217 | 9/16/2024 |
| 2734-2738 NE Alberta St., Portland, 97211 | 9/20/2024 |
| 12914 NE Halsey St., Portland, 97230 | 9/24/2024 |
| 3312 NE Broadway, Portland, 97232 | 9/27/2024 |
Sept. 26, 2024 press release
Next week, the City of Portland’s treasurer will hold a foreclosure sale of vacant and neglected properties located throughout Portland. The public auction will take place in-person on the first floor of the Portland Building at 1120 SW 5th Ave. on Sept. 30 at noon and include seven privately-owned properties, all greenlit for foreclosure by City Council over the last year.
This foreclosure sale marks a significant change in the City’s approach to foreclosure proceedings. The sale is the first since Portland City Council voted in the spring to amend the foreclosure process, shortening the redemption period from one year to three months—the final window of time a property owner has to pay off their outstanding liens, penalties and interest and redeem ownership of their property after it is auctioned-off. The previous year-long redemption period deterred potential buyers from bidding on properties and deterred winning bidders from rehabbing properties in the year following a sale.
Included in the Sept. 30 sale are several properties that have previously gone through the foreclosure sale process without attracting winning bids, presenting a unique opportunity for buyers interested in investing in Portland's neighborhoods.
"We want Portlanders to know that we are committed to addressing these properties," said Kevin Foster, the City’s foreclosure prevention manager. "Whether it’s encouraging the property owners to resolve outstanding issues or inviting new bidders to consider investment opportunities, this foreclosure sale is essential to enhancing the quality of life in Portland’s neighborhoods."
The number of properties slated for Monday’s foreclosure sale, originally in the double digits, was trimmed down to seven this week after the outstanding liens, penalties and interest was paid in full on three of the properties. Property owners have up until a foreclosure sale to resolve their outstanding balance and have their property removed from the sale.
Vacant and neglected properties are recommended for the foreclosure process after months to years of unpaid code violation fines and liens. Decisions about seeking foreclosure are also based on a property’s negative or unsafe neighborhood impacts. The City’s code enforcement program is complaint-driven. Learn more and report a code violation online.
Portland City Council is expected to refer additional properties for foreclosure action later this fall.
Properties for sale
As of the date of this press release, the properties listed below will be available to bid on at the Sept. 30 foreclosure sale. The list is subject to change; current property owners may pay their outstanding liens and penalties before the foreclosure sale to have their property removed from the sale.
- Bidders purchase properties “as is”
- The City does not have ownership or control of the property and cannot provide opportunities for on-site inspections of the land or buildings
- Winning bidders must pay in full the day of the sale; payments must be made in U.S. legal currency or cashier’s check made out to City of Portland
More about City of Portland foreclosure sales
| Property address | Minimum bid* |
|---|---|
| 9124 NE Prescott St., Portland, 97220 (map) | $135,249.68 |
| 2826 SE 87th Ave., Portland, 97266 (map) | $206,010.00 |
| 6402 SE 103rd Ave., Portland, 97266 (map) | $293,955.00 |
| 1300 N River St., Portland, 97227 (map) | $604,816.51 |
| 3312 NE Broadway, Portland, 97232 (map) | $500,617.50 |
| 4611 N Minnesota Ave., Portland, 97217 (map) | $65,077.50 |
| 5923 N Detroit Ave., Portland 97217 (map) | $105,682.50 |
*Minimum bid amounts are equal to or greater than the amount of the combined lien principal, interest, penalties, collection and foreclosure sales costs; or 75% of the total assessed value of the real property, as determined by the county assessor.