Welcome to Old Town-Chinatown

You can’t escape Old Town’s former reputation of being an undesirable place to live – or visit, but change is in the air, and it’s no longer just a stopover for Voodoo Donuts on your way to the airport. Tasteful riverfront condominiums are springing up alongside Naito Parkway and soon much of what we thought we knew about Old Town will live on in story.


Old Town At-A-Glance

Where is Old Town? 
Old Town is a neighborhood in Northwest Portland. It is bordered by the Pearl District and Downtown neighborhoods, and the Willamette River.  Old Town Neighborhood Association is part of the Neighbors West-Northwest Coalition and is included in City of Portland's Office of Neighborhood Involvement.  


Real Estate Year-in-Review for 97212
It was another strong year for residential real estate sales within the 97212 Zip Code. Based on data from Regional Multiple Listing Service (RMLS), there were 366 homes sold last year with an average sales price of $649,235. The average Combined Days On Market (CDOM) for 97212 in 2016 was 33 days. The Sold-Price Ratio was 100.5 percent, which denotes the percentage of difference between the original list price and the sale price. Buyers were represented by their own agent (separate from the listing agent) in 91.53% of the transactions listed in RMLS for this Zip Code.


Old Town Schools
Neighborhood attendance areas for the Old Town neighborhood include the following schools: Chapman Elementary (K-5), West Sylvan Middle School and Lincoln High School. For more information on schools, bus schedules, attendance areas and a host of other useful information please visit Portland Public Schools. For ratings, visit GreatSchools.org.


Old Town Demographics
According to public records, the Old Town neighborhood has a total of 10,003 total households with more white collar workers (10,849) than blue collar workers (5,378). Most residents are college educated. 4,198 residents have a Bachelor’s Degree, while 3,033 have post-graduate degrees. Median income for those aged 45-64 is $22,731, while those over 65 show a median income of $28,484. Average household income is $80,649. Average household net worth is $306,712. 


Old Town Lifestyle
You can’t escape Old Town’s former reputation of being an undesirable place to live – or visit, but change is in the air, and it’s no longer just a stopover for Voodoo Donuts on your way to the airport. Tasteful riverfront condominiums are springing up alongside Naito Parkway and soon much of what we know about Old Town will live on in story.

The West End Area of the Pearl is expanding into Old Town. You heard that right. All the infrastructure is in place – it’s served by the streetcar eager to ferry you up to Northwest or over to the West Side through downtown. Now that the city requires new new buildings downtown to utilize their ground floors with a store, restaurant or coffee shop will add to the allure of what will likely becomes Portland’s newest – and last – downtown area to be gentrified.

Old Town receives the following grades from Walk Score: Walk Score: 99, Transit Score: 94, Bike Score: 99.

 
 Stan Davis, Principal Broker Tigen & Hill Realty Group (503) 123-4567

Stan Davis, Principal Broker
Tigen & Hill Realty Group
(503) 123-4567


  M. Timothy Smythe, Sr Loan Officer   Local Lender Inc   (503)   987-6543

M. Timothy Smythe, Sr Loan Officer
Local Lender Inc
(503) 987-6543


  Janet Evans, Senior Escrow Officer   National Title Company   (503)   987-6543

Janet Evans, Senior Escrow Officer
National Title Company
(503) 987-6543


Getting Around Northwest Portland

At the heart of the city is Portland’s compact and cozy downtown. Nestled alongside the bank of the Willamette River, Downtown Portland boasts an impressive array of cultural attractions, luxury shopping venues and award-winning eateries.  Add to that highly walkable city streets and ever more stylish, bespoke apartments and you get a destination that attract professionals and executives alike.

Portland 5 Center for the Arts, one of the top 5 largest performing arts centers in the country, is comprised of the Arlene Schnitzer Concert Hall, the Keller, Newmark, Brunish and Winningstad Theaters, and the Antoinette Hatfield Hall.  On any given date these venues offer world-class performances, acts and entertainers from around the world. 

Just a short walk from the Arlene Schnitzer Concert Hall is the Portland Art Museum, distinguished for its collection of art of the native peoples of North America. The seventh oldest museum in the United States is actually a collection of landmark buildings including the Jubitz Center for Modern and Contemporary Art, the Gilkey Center for Graphic Arts, and the Northwest Film Center. 

Pioneer Courthouse Square - affectionately known as ‘Portland’s Living Room’ - is a public space occupying a full 40,000 square foot city block in the heart of downtown. Not to be confused with, but equally important to mention, is Pioneer Place, an upscale, urban shopping experience (combining a mix of retail, dining and office space) distrubited among between four buildings and interconnected by skywalks or underground mall sections. Here you’ll find recognizable and high-end brand stores like Apple, BCBCMaxazria, Louis Vuitton and Tumi.

Portland's South Park Blocks are a concatenation of city blocks (on Park, not surprisingly, between Salmon to Jackson Streets) that form an 8-acre urban greenspace and home to Portland’s ever popular Farmer’s Market every Saturday (from March to December) that draws up to 14,000 people each weekend. 

One of the most popular destinations is Downtown’s waterfront. There you’ll enjoy Tom McCall Waterfront Park (home to the Blues Fest), RiverPlace Marina and the Esplanade.  

One often overlooked benefit of downtown living is providing nearby options for out-of-town visitors. Portland’s high concentration of award-winning and historic hotels and suites makes the visit from the in-laws something to look forward to. To duly impress, choose the Benson, an opulent and grandiose choice, or for something a bit more contemporary, The Nines on Morrison will satisfy even the most discerning guest. Other popular choices include The Heathman, The Mallory, The Ace, The Westin and several Kimpton properties to choose from - The Hotel Monaco on 5th and Washington stands out.

And of of course there’s more than just Voodoo Donuts when it comes to dining options. Everything from Higgin’s - the groundbreaking restaurant that promoted the ‘farm-to-table’ movement ahead of its time -  to top-chef runner up Gregory Gourdet’s Departure. There’s also the laid back but noteworthy Shigezo, and nearby you’ll find Southpark Seafood, arguably deserving a place among the best seafood restaurants in Oregon. This is just a small tease of what Downtown has to offer. Even staying with the most critic-worthy restaurants in Downtown alone would require entries too numerous to mention.

It must be noted that everything mentioned here is within walking distance. No subways to catch or ride share apps necessary, no Tri Met schedules to navigate, no stepping out onto the curb to hail a taxi. Portland is small, but not insignificant. It’s cozy, not restricting. It’s all there.  

Visit here once and you’ll immediately understand why Portland fights well-above its weight, receiving high-praise from non other than the New York Times.

 


Need Public Transit To Get Around?
Plan your trip, get arrivals in real-time or see detours, delays and closures at TriMet.org. Want the mobile app or ability to pay by phone? Download the iPhone or Android app.


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