MLS# 23382743 – 4450 Ne 38th Ave, Portland, OR 97211 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of John L. Scott NE Portland.

Property Description

Description

11 Beds

5 full, 4 half Baths

4,948 Sqft

5,227 Sqft lot

0.12 Acre lot

Status: Active

Property Type: Singlefamilyresidence

Year Built: 1942

Neighborhood: Wilshire/ Beaumont

Days on Website: 326

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.

Property Details and Features

Property Access

Road Surface Type:

Paved

Appliances & Equipment

Appliances:

Dishwasher,FreeStandingRange,FreeStandingRefrigerator,RangeHood

Basement

Basement:

Finished,FullBasement,SeparateLivingQuartersApartmentAuxLivingUnit

Bathrooms

9 total baths

5 full bathrooms

4 partial baths

2 total lower level baths

2 lower level full baths

1 lower level partial bath

2 total main level baths

2 main level full baths

2 main level partial baths

1 upper level total baths

1 upper level full bath

1 upper level partial bath

Bedrooms

11 total bedrooms

Building

Architectural Style:

English

Building Area Calculated:

3940

Building Area Description:

TRIO

Building Area Total:

4948

Built in 1942

Lower Level Area Total:

1008

Main Level Area Total:

2244

Stories:

Upper Level Area Total:

1696

Cooling

Cooling:

Other

Disclosures

Disclosures:

Disclosure

Exterior Features

Exterior Description:

WoodSiding

Exterior Features:

Patio,Yard

Fireplaces

Fireplace Features:

WoodBurning

Fireplace Included

Fireplaces Total:

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

MiniSplit

Interior Features

Features:

HardwoodFloors,HeatedTileFloor,HighCeilings,Laundry,SeparateLivingQuartersApartmentAuxLivingUnit,VaultedCeiling

Listing

Contract Status Change Date:

2023-06-22

Days On Market:

325

Last Transaction Date:

2024-05-03 17:18:28

List Price:

$1,485,000

Listing Contract Date:

2023-06-22

Listing Id:

23382743

Mls Status:

Active

Modification Timestamp:

2024-05-03 17:18:28

On Market Date:

2023-06-22

Previous List Price:

$1,495,000

Rent Amount:

$11,200

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

Wilshire/ Beaumont

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.12

Size Dimensions:

62 X 97

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Parking

Features:

Driveway,OnStreet

Possession

Possession:

SubjectToTenantRights

Property

Property Condition:

Approximately

Property Sub Type:

SingleFamilyResidence

Zoning:

Roof

Roof:

Composition

Schools

High School:

Jefferson

Middle Or Junior School:

Vernon

Elementary School:

Vernon

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$13,642

Legal Description

Tax Year:

2023

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

Windows

Features:

DoublePaneWindows,VinylFrames

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,485,000 -

4450 Ne 38th Ave Portland , OR 97211

MLS Area Major: _142

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on May 13, 2024 1:43PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.