1902 NE 38TH AVE Portland, OR $ 1,075,000
1902 NE 38TH AVE
$ 1,075,000
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1902 NE 38TH AVE

Portland, OR, 97212
$ 1,075,000
Bedrooms7 Baths4.0 Sq 4,420

Monthly Estimate*

$ 6,619

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Multi-Family Home for sale in Portland, OR

for $1,075,000 with 7 bedrooms and 4 full baths. This 4,420 square foot home was built in 1927 on a lot size of 0.12.

Rare triplex opportunity in the desirable Hollywood/Grant Park neighborhood. Built in 1927 and approximately 4,309 sq ft, the property features two spacious side-by-side upper units and a large lower unit (lower unit may be dividable into two), delivering flexible income potential. Thoughtful floorplates, a common laundry room and assigned off-street parking complement the building’s historic charm and strong curb appeal. Superb walkability to Grant Park, the Beverly Cleary Sculpture Garden and the Hollywood District’s restaurants, shops and transit; close to area medical centers. Excellent value for an investor. Tenant bill backs for utilities in place.

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Multi-Family Pending

Price

$ 1,075,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 9,321

Style

Lot Size

0.12

Year Built

1927

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

350278988

Features
General
Sewer PublicSewer
Heating Baseboard MiniSplit Zoned
Cooling CentralAir
Roof Composition
Zoning RM1
Garage Spaces 0
Year Built 1927
Stories Count 2
Tax Year 2025
Parcel Number R262702
Gross Income 74784.0
Community Features CentralAir Laundry
County Multnomah
Net Operating Income 51195.0
Operating Expense 22228.0
Property Type MultiFamily
HOA N
Rent Includes Sewer TrashCollection Water
Status Pending
Directions NE Broadway to NE 38th Ave
High School Grant
City Portland
Number Of Units Total 3
MLS Area _142
Lot Size Square Feet 5227.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Beverly Cleary
Tax Annual Amount 9321.58
Middle/Junior High School Beverly Cleary
Property Condition Existing
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description ROSSMERE BLOCK 30 LOT 9
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Interior
Basement Finished FullBasement
Storage Locked
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 3
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 1
Unit 3 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Exterior
Parking Features Assigned Driveway
Lot Features CornerLot Level Private
Water Source PublicWater
Total Parking 6.0
Exterior Description VinylSiding
Building Area Total 4420.0
Lot Size Acres 0.12
Road Surface Type Paved
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Internal Only
Street Number 1 1902
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* Excluded Features
List By
Windermere Realty Trust

Broker

Ben@bbrepdx.com

Contact

Affordability Calculator

$7,396
Per Month
89%
11%
0%
Monthly Principal & Interest
$6,619
Monthly Property Taxes
$777
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949221 Elementary School
1950176 Middle School
Grant High School High School
Pricing History
DatePricePrice ChangeDescription
9/30/2025$1,075,000 Listed Price

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1902 NE 38TH AVE, Portland, OR, 97212 is a Multi-Family Home for sale at $1,075,000 with 4,420 sqft and a lot size of 0.12. 1902 NE 38TH AVE has 7 bedrooms, 4.0 baths, and was built in 1927. The property's zip code is 97212 which is in Portland, OR