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 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.
Features of 4450 Ne 38th Ave
MLS® # | 23382743 |
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Price | $1,440,000 |
Bedrooms | 11 |
Bathrooms | 5.40 |
Full Baths | 5 |
Half Baths | 4 |
Square Footage | 4,948 |
Acres | 0.12 |
Year Built | 1942 |
Type | Residential |
Sub-Type | Single Family Residence |
Style | English |
Status | Active |
Community Information
Address | 4450 Ne 38th Ave |
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Area | 142 - Portland Northeast |
Subdivision | Wilshire/ Beaumont |
City | Portland |
County | Multnomah |
State | OR |
Zip Code | 97211 |
Amenities
Parking | Driveway, On Street |
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Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Laundry, Hardwood Floors, Heated Tile Floor, High Ceilings, Separate Living Quarters/Apartment/Aux Living Unit, Vaulted Ceiling(s) |
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Appliances | Dishwasher, Free-Standing Range, Free-Standing Refrigerator, Range Hood |
Heating | Mini Split |
Cooling | Other |
Fireplace | Yes |
# of Fireplaces | 2 |
Fireplaces | Wood Burning |
# of Stories | 3 |
Has Basement | Yes |
Basement | Full Basement, Finished, Separate Living Quarters/Apartment/Aux Living Unit |
Exterior
Exterior | Wood Siding |
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Exterior Features | Patio, Yard |
Lot Description | Level |
Windows | Double Pane Windows, Vinyl Frames |
Roof | Composition |
Foundation | Concrete Perimeter |
School Information
Elementary | Vernon |
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Middle | Vernon |
High | Jefferson |
Additional Information
Date Listed | June 22nd, 2023 |
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Days on Market | 603 |
Zoning | R5 |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | John L. Scott NE Portland |
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Contact Info | neportland@johnlscott.com |