1. Oregon
2. Portland
3. 4450 Ne 38TH Ave

4450 Ne 38TH Ave, Portland, OR 97211

• 11 beds |
• 9 baths |
• 4,948 sqft

Property Description

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.

Listing Status:

Active

Date Added:

June 22, 2023 at 05:00AM

Listing Office:

John L. Scott NE Portland : 503-230-8600

Listing Agent:

Israel Hill : 503-888-1037

MLS ID:

23382743

Interior

• General: Hardwood floorsHeated tile floorHigh ceilingsLaundrySeparate living quarters apartment aux living unitVaulted ceiling
• Appliances: DishwasherFree standing rangeFree standing refrigeratorRange hood
• Basement: FinishedFull basementSeparate living quarters apartment aux living unit
• A/C: Other
• Heating: Mini split
• Fireplace: Wood burningFireplaceFireplaces: 2

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Israel Hill, John L. Scott NE Portland