4450 Northeast 38th Avenue

Portland, OR 97211

$1,440,000
Price
11
Beds
5
Baths
4
1/2 Baths
4,948 Sq. Ft.
$291 / Sq. Ft.
4,948
Sq. Ft.
$291
per Sq. Ft.

Description

Fantastic property located in NE Portland. 11 bedrooms, 5 full baths, and 4 half baths and 3 kitchens, one on each level. Updates with tasteful additions, and extremely well maintained. Investor opportunity with solid cash flow with an 8.56 cap rate. Rented fully as a care home. ADA friendly home, featuring accessibility amenities including an approach with ramp, accessible doors and hallways, main floor bedrooms with baths and walk in showers. High vaulted ceilings in back unit and lots of natural...Fantastic property located in NE Portland. 11 bedrooms, 5 full baths, and 4 half baths and 3 kitchens, one on each level. Updates with tasteful additions, and extremely well maintained. Investor opportunity with solid cash flow with an 8.56 cap rate. Rented fully as a care home. ADA friendly home, featuring accessibility amenities including an approach with ramp, accessible doors and hallways, main floor bedrooms with baths and walk in showers. High vaulted ceilings in back unit and lots of natural light on the upper floor and hardwoods throughout the main floor with many period details such as coved ceilings, two fireplaces and built-ins. All rooms are equipped with high end Mini-splits and energy efficient double pane vinyl windows. Great opportunity to own a high income producing property close to Wilshire Park, Beaumont Village and a short distance to Alberta Arts.
  1. Listed by Israel Hill • John L. Scott NE Portland • neportland@johnlscott.com
  2. Listed by Doug Landers • John L. Scott Portland Central

Property Details for 4450 Northeast 38th Avenue

Style
English
Subdivision
Wilshire/ Beaumont
Parking Features
Driveway, On Street
Zoning
R5
Garage Spaces
.00
Parking Total
.00
LISTING UPDATED: 09/30/2024 12:17 PM

Property Details for 4450 Northeast 38th Avenue

StatusActive
MLS #23382743
Days on Market548
Taxes$13,642 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1942
Lot Size0.12 AC / 5,227 SF
CountyMultnomah County

Building Information for 4450 Northeast 38th Avenue

Stories3Year Built1942Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 4450 Northeast 38th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: Between Skidmore and Prescott
  • Road Surface: Paved
School Information
  • Elementary School: Vernon
  • High School: Jefferson
  • Middle Or Junior School: Vernon
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $13,642.34
  • Parcel Number: R316139
  • Tax Legal Description: SECTION 24 1N 1E, TL 9400 0.12 ACRES
Property
Lot Information
  • Acres: 0.12
  • Lot Description: Level
  • Lot Size Square Feet: 5227.0
  • Lot Size Dimension: 62 X 97
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
  • SqFt Source: TRIO
Property and Assessments
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 1942
Utilities
  • Cooling Description: Other
  • Fuel Description: Electricity
  • Heating Description: Mini Split
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Exterior Features: Patio, Yard
  • Roof Type: Composition
Interior Features
  • Basement: Finished, Full Basement, Separate Living Quarters Apartment Aux Living Unit
  • Foundation Details: Concrete Perimeter
  • Window Features: Double Pane Windows, Vinyl Frames
  • Fireplace Description: Wood Burning
  • Fireplaces Total: 2
  • Interior Features: Hardwood Floors, Heated Tile Floor, High Ceilings, Laundry, Separate Living Quarters Apartment Aux Living Unit, Vaulted Ceiling
  • SqFt Calculated: 3940
  • SqFt Lower Level Total: 1008
  • SqFt Main Level Total: 2244
  • SqFt Upper Level Total: 1696
  • Bedrooms Total: 11
  • Stories: 3
  • Baths Total: 5.4
Master Bedroom
  • Room Description: Primary Bedroom
  • Primary Bedroom Level: Main
Bedroom 2
  • Room Description: _2nd Bedroom
Bedroom 3
  • Room Description: _3rd Bedroom
Dining Room
  • Room Description: Dining Room
Family Room
  • Room Description: Family Room
Kitchen
  • Room Description: Kitchen
  • Kitchen Appliances: Dishwasher, Free Standing Range, Free Standing Refrigerator, Range Hood
Living Room
  • Room Description: Living Room
Baths
  • Baths Lower Level Full: 2
  • Baths Lower Level Partial: 1
  • Baths Lower Level Total: 2.1
  • Baths Main Level Full: 2
  • BathsMainLevelPartial: 2
  • Baths Main Level Total: 2.2
  • Bathrooms Full: 5
  • Baths Partial: 4
  • Total Bathrooms: 9
  • Baths Upper Leve lFull: 1
  • Baths Upper Level Partial: 1
  • Baths Upper Level Total: 1.1
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • SqFt Approximate Building Total: 4948

Property History for 4450 Northeast 38th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4450 Northeast 38th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2024$14,188 ($1,182 / month)
Home Facts
Beds3Baths6.5Total Finished SqFt2,244 SqFtAbove Grade Finished SqFt2,244 SqFtStories1Lot Size5,227 SqFtStyleMiscellaneous ResidentialYear Built1942ZoningR5CountyMULTNOMAHAPN1N1E24DA 09400Fireplace TypeHas Fireplace

Schools near 4450 Northeast 38th Avenue

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Vernon Elementary School
PublicPK to 8

Jefferson High School
Public9 to 12

Leodis V. McDaniel High School
Public9 to 12

Alliance High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4450 Northeast 38th Avenue is a single family home for sale in Portland, OR 97211. This property was listed for sale on June 22, 2023 by John L. Scott NE Portland, it's currently listed at $1,440,000. It has been on the market for a total of 548 days and was last sold on February 25, 2022. This listing's school district is Portland School District 1j. Nearby schools include Vernon Elementary School, Jefferson High School and Leodis V. McDaniel High School. 4450 Northeast 38th Avenue is a 11-bed, 7-bath, 4,948 sqft single family home built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of John L. Scott NE Portland; John L. Scott Portland Central

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 09/30/2024 12:17 PM