Open House 6/13 1pm - 3pm
4535 SW LAURELWOOD AVE
Portland, OR, 97225 $ 724,900
Bedrooms3 Baths2.0 Sq 3,177 Monthly Estimate*
$ 4,463
for $724,900 with 3 bedrooms and 2 full baths. This 3,177 square foot home was built in 1942 on a lot size of 0.32.
ASSUMABLE 4.05% VA LOAN AVAILABLE! Buyers do NOT need to be veterans to potentially assume this low-interest loan, subject to lender approval and qualification. In today’s market, this unique financing opportunity could provide significant monthly savings for qualified buyers.Rare Commercial General (CG) opportunity in highly sought-after Raleigh Hills, located in desirable Washington County! This unique property offers exceptional flexibility for residential living, an owner-user, live/work setup, boutique office, wellness practice, professional services, or investment opportunity (buyer to verify permitted uses).Situated on a spacious .32-acre lot, this charming bungalow-style property features 3 bedrooms, 2 bathrooms, and a versatile floor plan designed to adapt to a variety of needs. The finished lower level offers excellent potential for a private office, client-facing workspace, guest quarters, multigenerational living, bonus room, or future kitchenette potential.Enjoy abundant off-street parking, including a large driveway with potential RV, boat, trailer, or equipment parking. A detached garage with covered parking adds even more convenience and functionality.Ideally located just minutes from shopping, dining, parks, downtown Portland, major commuter routes, Nike, Intel, and many of Washington County’s largest employers, this property offers an exceptional combination of location, flexibility, and opportunity.Properties offering Commercial General zoning, residential flexibility, a large lot, abundant parking, and an assumable 4.05% loan are exceptionally rare. Whether you’re looking to live, work, invest, or create something unique, this property presents possibilities that are difficult to find in today’s market.Don’t miss this rare opportunity to secure a flexible-use property in one of Washington County’s most desirable locations while potentially taking advantage of an assumable 4.05% VA loan available to qualified buyers.
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Open House
6/13/2026 1:00 PM - 3:00 PM
4535 SW LAURELWOOD AVE Portland, OR
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesInteriorInterior Amenities GarageDoorOpener Granite Laundry TileFloor WalltoWallCarpet WasherDryer WoodFloors
Basement Finished FullBasement
Total Fireplaces 2
Fireplace Features Gas
Hot Water Gas
Window Features DoublePaneWindows VinylFrames
Total Bathrooms 2.0
Total Bedrooms 3
Total Baths 2
1/2 Baths 0
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GeneralSewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Appliances ButlersPantry Dishwasher Disposal FreeStandingRange FreeStandingRefrigerator Granite Microwave PlumbedForIceMaker StainlessSteelAppliance Tile
Zoning Comm/Re
Garage Spaces 1.0
Architectural Style Bungalow Traditional
Security Features SecurityGate
Year Built 1942
Stories Count 2
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number R97460
Accessibility MainFloorBedroomBath
County Washington
Property Type Residential
HOA N
Full Baths 2
Status Active
Directions SW Beaverton Hillsdale to Laurelwood Ave
High School Beaverton
City Portland
Disclosures Disclosure
MLS Area _148
Lot Size Square Feet 13939.0
Listing Terms Assumable Cash Conventional FHA VALoan
Elementary School Raleigh Park
Tax Annual Amount 4548.52
Middle/Junior High School Whitford
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description ACRES 0.32
ADU False
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ExteriorExterior Amenities Deck Fenced Porch PublicRoad RVParking Yard
Parking Features Driveway RVAccessParking
Lot Features Level
Water Source PublicWater
Total Parking 1.0
Garage Type Converted Detached
Exterior Description LapSiding
Foundation Details ConcretePerimeter
Building Area Total 3177.0
Lot Size Acres 0.32
Road Surface Type Paved
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $4,463
- Monthly Property Taxes
- $379
- 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.
Learn more about how to save NearbySingle family listings in Portland, OR
Average List Price $848,309
Percent of Sale Price 17%
About Portland, OR 160,339 Population
0% Since 2002
$ 0 Median Income
0 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949291 Elementary School
1950711 Middle School
Beaverton High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/21/2026 | $724,900 | -1.37% | Price Down |
| 4/23/2026 | $735,000 | | Listed Price |