4523 NE 81ST AVE
Portland, OR, 97218 $ 325,000
Bedrooms2 Baths2.0 Sq 1,811 Monthly Estimate*
$ 2,052
for $325,000 with 2 bedrooms and 2 full baths. This 1,811 square foot home was built in 1941 on a lot size of 0.17.
Bring your tools, creativity, and vision to unlock the potential of this promising NE Portland property. Situated on a beautiful tree-lined street where neighboring homes reflect pride of ownership, this home offers an excellent opportunity for investors, contractors, flippers, or buyers looking to build sweat equity.The main level features 1,011 square feet of living space, while the 800-square-foot full walkout basement opens the door to a variety of possibilities. Whether you're considering additional living space, a workshop, hobby area, or enhanced storage, the basement provides valuable flexibility for future improvements.Outside, you'll find a large garage, off-street parking, and a partially fenced yard with room to create an inviting outdoor living space. The location is hard to beat—just minutes from Portland International Airport (PDX), major commuter routes, shopping, dining, and everyday conveniences.Properties with this combination of location, neighborhood appeal, and upside potential are increasingly difficult to find. Whether you're searching for your next renovation project, rental investment, or starter home with room to grow, this property offers a rare chance to create value in an established Portland neighborhood.Opportunity, location, and potential—bring your vision and transform this diamond in the rough into something special. Property is being sold as-is and has been priced to reflect.
See more
FeaturesInteriorInterior Amenities CeilingFan Laundry WalltoWallCarpet
Basement FullBasement PartiallyFinished
Total Fireplaces 2
Fireplace Features WoodBurning
Hot Water Electricity
Window Features VinylFrames
Total Bathrooms 2.0
Total Bedrooms 2
Total Baths 2
1/2 Baths 0
See more
GeneralSewer PublicSewer
Heating ForcedAir
Roof Composition
Appliances Dishwasher FreeStandingRange FreeStandingRefrigerator
Garage Spaces 2.0
Architectural Style Stories1
Year Built 1941
Stories Count 2
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number R220264
County Multnomah
Property Type Residential
HOA N
Full Baths 2
Status Active
Directions NE Prescott to NE 81st to house on left
High School Leodis McDaniel
City Portland
Disclosures Disclosure
MLS Area _142
Lot Size Square Feet 7405.0
Listing Terms Cash Conventional Rehab
Elementary School Scott
Tax Annual Amount 5692.93
Middle/Junior High School Roseway Heights
Property Condition Fixer
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description MONTBRAE BLOCK 2 S 75' OF LOT 3
ADU False
See more
ExteriorExterior Amenities CoveredPatio Fenced
Parking Features Driveway
Lot Features Level
Water Source PublicWater
Total Parking 2.0
Garage Type Attached
Exterior Description LapSiding
Foundation Details ConcretePerimeter
Building Area Total 1811.0
Lot Size Acres 0.17
Road Surface Type Paved
See more
* Excluded FeaturesList Bykimchamness@windermere.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,052
- Monthly Property Taxes
- $474
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $761,500
Percent of Sale Price 134%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
3269610 Elementary School
3269618 Middle School
Leodis McDaniel High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/5/2026 | $325,000 | | Listed Price |