10 months on rocket

4450 NE 38th Ave, Portland, OR, 97211

$1,485,000

Home List Price

$10,000*

Closing Credit

11 Bedrooms
5 Full Baths
4,948 SqFt
$300/SqFt
House
Schools Nearby

Location

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4450 NE 38th Ave, Portland$1,485,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Street Parking
Year Built1942
HeatingZoned
CoolingOther
BasementYes
FireplaceWood Burning
MLS #23382743
Lot Size0.12 Acres
StatusActive

About 4450 NE 38th Ave

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

Property Features

Property Information:

  • Architectural Style: English
  • Year Built: 1942
  • Stories: 3
  • Living Area: 4,948 SqFt

Listing Office:

  • Office Name: John L. Scott NE Portland, John L. Scott Portland Central
  • Office Email: neportland@johnlscott.com
  • Listing Agent: Israel Hill, Doug Landers

Interior Features

Interior Information:

  • Appliances: Dishwasher, Range, Refrigerator, Range Hood
  • Basement: Yes
  • Flooring Type: Hardwood, Heated Tile
  • Interior: High Ceilings, Laundry, Vaulted Ceiling(s)
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 11

Exterior Features

Exterior Information:

  • Exterior: Patio, Yard

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Street Parking

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Zoned
  • Cooling: Other

School Info

Assigned Schools Information:

  • Madison High School, Public District Grades 9-12
  • Jefferson High School, Public District Grades 9-12
  • Vernon Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: Between Skidmore and Prescott

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,485,000
  • Price Per SqFt: $300/SqFt
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Housing Market Comparison

See how this home compares to others in Portland, OR.

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Portland, OR

City

Med. Sold Price

$537.4K

Med. Price/SqFt

$315

Avg. Days On Market

36

# of Sold Homes

774

4450 NE 38th Ave vs Portland

315 DAYS ON ROCKET

+279 Days

$1,485,000

+$947.5K More

$300/SqFt

-$15 Less

KEY TAKEAWAY

This property is $947.5K more than the Median Sold Price and $15/SqFt less than other homes in Portland, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #23382743

Listing Office:

  • Office Name: John L. Scott NE Portland, John L. Scott Portland Central
  • Office Email: neportland@johnlscott.com
  • Listing Agent: Israel Hill, Doug Landers

IDXThe 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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 4:22:09 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4827616
6
/10

  • Vernon Elementary School

  • 2044 NE Killingsworth St

  • 1.07 miles

  • Public District Grades KG-8

High School

school-card-donut-4827617
4
/10

  • Madison High School

  • 2735 NE 82nd Ave

  • 2.31 miles

  • Public District Grades 9-12

school-card-donut-4827618
4
/10

  • Jefferson High School

  • 5210 N Kerby Ave

  • 2.34 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,812. The majority of Portland, OR residents have income between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4450 NE 38th Ave

What is the listing price of this property?

The listing price of 4450 NE 38th Ave property is $1,485,000.

What type of property is this?

The property 4450 NE 38th Ave is a house located in Portland, Oregon, 97211.

Is this property for sale now?

Active Listing: 4450 NE 38th Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 4450 NE 38th Ave are:
Vernon Elementary School: GreatSchools Rating 6/10
Madison High School: GreatSchools Rating 4/10
Jefferson High School: GreatSchools Rating 4/10

How many bedrooms and bathrooms does this property have?

The property at 4450 NE 38th Ave has 11 bedrooms and 9 bathrooms.

What is the square footage of this property?

The property 4450 NE 38th Ave is 4,948 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4450 NE 38th Ave is 1942.

Rocket Homes›Oregon›Multnomah County›Portland›97211›4450 NE 38th Ave

This home is located at 4450 NE 38th Ave in Portland, OR and zip code 97211 in the Wilshire neighborhood. This 4,948 square foot home, which was built in 1942, sits on a 0.12 acre lot. Features: 11 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since June 22, 2023 and is currently priced at $1,485,000.

Over 338 listings were sold over their listed price in April 2024 in Portland, OR. In the same period over 270 listings were sold below the listed price and 166 listings were sold for the listed price. The inventory of homes for sale in Portland, OR between March 2024 and April 2024 increased by 19.3%. In April 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $537,475.

From Rocket Homes Real Estate and based on county public records data.

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