4450 Ne 38th Ave, Portland, OR

$1,450,000

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11

Beds

5.4

Baths

4,948

Square feet

0.12

Acres

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
Price $1,450,000
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
Area 142 - Portland Northeast
Subdivision Wilshire/ Beaumont
City Portland
County Multnomah
State OR
Zip Code 97211

Amenities

Parking Driveway, On Street
Is Waterfront No
Has Pool No

Interior

Interior Features Hardwood Floors, Heated Tile Floor, High Ceilings, Laundry, Separate Living Quarters/Apartment/Aux Living Unit, Vaulted Ceiling(s)
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 Finished, Full Basement, Separate Living Quarters/Apartment/Aux Living Unit

Exterior

Exterior Wood Siding
Exterior Features Patio, Yard
Lot Description Level
Windows Double Pane Windows, Vinyl Frames
Roof Composition
Foundation Concrete Perimeter

School Information

Elementary Vernon
Middle Vernon
High Jefferson

Additional Information

Date Listed June 22nd, 2023
Days on Market 394
Zoning R5
Short Sale No
RE / Bank Owned No

Listing Details

OfficeJohn L. Scott NE Portland
Contact Infoneportland@johnlscott.com

Listing Map

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