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4450 NE 38th Ave

Portland, OR 97211

11 beds
9 baths
4,948 sqft
5,227 sqft lot
$291 per sqft
1942 build
– on site

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.

Listing courtesy of RMLS / John L. Scott NE Portland

Last checked: Checking… • Last updated Sep 30, 2024 •

MLS# 23382743 —

The Building

Year Built:

1942
New Construction:

false
Architectural Style:

English
Roof:

Composition
Stories:

3
Basement:

Finished,FullBasement,SeparateLivingQuartersApartmentAuxLivingUnit
Foundation Details:

ConcretePerimeter
Exterior Description:

WoodSiding
Exterior Features:

Patio, Yard
Window Features:

DoublePaneWindows, VinylFrames
Building Area Description:

TRIO
Building Area Total:

4948.0
Building Area Calculated:

3940

Interior

Interior Features:

HardwoodFloors, HeatedTileFloor, HighCeilings, Laundry, SeparateLivingQuartersApartmentAuxLivingUnit, VaultedCeiling
Fireplace:

true
Fireplaces Total:

2
Fireplace Features:

WoodBurning

Room Dimensions

Main Level Area Total:

2244
Upper Level Area Total:

1696
Lower Level Area Total:

1008

Financial & Terms

Bank Owned:

false
Land Lease:

false
Short Sale:

false
Home Warranty:

false

Location

Directions:

Between Skidmore and Prescott
Latitude:

45.555235
Longitude:

-122.624172

The Property

Parcel Number:

R316139
Property Type:

Residential
Property Subtype:

SingleFamilyResidence
Property Condition:

Approximately
Lot Features:

Level
Lot Size Range:

SqFt5000to6999
Lot Size Acres:

0.12
Lot Size SqFt:

5227.0
Lot Size Dimensions:

62 X 97
Zoning:

R5
View:

false
Farm:

false
Property Attached:

false
Road Surface Type:

Paved

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Legal Description:

SECTION 24 1N 1E, TL 9400 0.12 ACRES
Tax Annual Amount:

13642.34

Beds

Bedrooms Total:

11

Baths

Total Baths:

9
Full Baths:

5
Partial Baths:

4
Total Baths:

5.4
Total Baths Main Level:

2.2
Total Baths Upper Level:

1.1
Total Baths Lower Level:

2.1
Full Baths Main Level:

2
Full Baths Upper Level:

1
Full Baths Lower Level:

2
Partial Baths Main Level:

2
Partial Baths Upper Level:

1
Partial Baths Lower Level:

1

Heating & Cooling

Heating:

MiniSplit
Heating:

true
Cooling:

Other
Cooling:

false

Utilities

Sewer:

PublicSewer
Hot Water Description:

Electricity
Water Source:

PublicWater
Fuel Description:

Electricity
Internet Service Type:

Cable

Appliances

Appliances:

Dishwasher, FreeStandingRange, FreeStandingRefrigerator, RangeHood

Schools

Elementary School:

Vernon
Middle Or Junior School:

Vernon
High School:

Jefferson

The Community

Subdivision Name:

Wilshire/ Beaumont
Senior Community:

false

Parking

Attached Garage:

false
Parking Features:

Driveway, OnStreet

Monthly cost estimate

Asking price

$1,440,000

Expense	Monthly cost
Mortgage	$7,710
Taxes	$1,136
Insurance	$396
Utilities	$278 See report
Total	$9,520/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
7/31/24 Jul 31, 2024	Price Changed	RMLS	$1,440,000	-0.7%
6/5/24 Jun 5, 2024	Price Changed	RMLS	$1,450,000	-2.4%
2/21/24 Feb 21, 2024	Price Changed	RMLS	$1,485,000	-0.7%

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This house located in Central Northeast Portland, Portland, OR 97211 is currently for sale for $1,440,000. 4450 NE 38th Ave is a 4,948 square foot house with 11 beds and 9 baths that has been on Estately for 518 days. 4450 NE 38th Ave is in the Central Northeast Portland neighborhood of Portland and has a WalkScore® of 84, making it very walkable. This house is in the attendance area of Mcdaniel High School, Vernon Elementary School, and Jefferson High School.

Listing Courtesy of: RMLS and John L. Scott NE Portland.

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 Estately are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content © 2024 RMLS™, Portland, Oregon.

This content last updated on 09/30/2024 12:26. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.