Check Availability
$1,485,000
↓ $10K (0.7%)
House - For Sale

4450 NE 38TH AVE

Portland, OR 97211
bedrooms
Studio
bathrooms
9 Baths
square feet
4948 Sqft
$8,429
Estimated Monthly
$0
HOA / Fees

About This Property

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 and a 8.05 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.

The manager has listed the unit size as 4948 square feet.
Unit Size
4,948Ft²
Days on Market
320 days
Land Size
0.12 acres
Price per sqft
$300
Property Type
House
Property Taxes
$1,137
HOA Dues
-
Year Built
1942
Listed By
Israel Hill
John L. Scott NE Portland
Last updated: 13 days ago (RMLSOR #23382743)

Price History

Date / Event Date Event Price
Feb 27, 2024 Price Decreased $1,485,000
↓ $10K (0.7%)
Price Decreased
Oct 10, 2023 Price Decreased $1,495,000
↓ $50K (3.2%)
Price Decreased
Aug 3, 2023 Price Decreased $1,545,000
↓ $50K (3.1%)
Price Decreased
Jun 22, 2023 Listed by John L. Scott $1,595,000
Listed by John L. Scott
Mar 4, 2022 Sold to Jenilee Nicole Nielsen, Jul... $1,075,000
Sold to Jenilee Nicole Nielsen, Jul...
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Property Highlights

Interior Details

Basement Information

Basement
Exterior Details

Exterior Information

Wood Siding

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$1,700,000 May 2, 2023
-
$3,787/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210923
09/23/2021
Loft
-
4948 ft²
$1,499,500
bedrooms
Loft
bathrooms
-
square feet
4948 ft²
-
-
-
Cody Gibson
Keller Williams PDX Central

Building Info

4450 Northeast 38th Avenue 4450 Northeast 38th Avenue, Portland, OR 97211
  • 1 Unit for Sale
More about this Building
4450 Northeast 38th Avenue
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About Central Northeast Neighbors Incorporated


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