4450 NE 38TH AVE

Portland, 97211

  • 11 Bed

  • 9 Bath

  • 4948 SqFt

  • 720 DOM

  • Built: 1942

  • Status: Off Market

$1,440,000

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4450 NE 38TH AVE

Portland 97211

$1440000

  • 11 Bed

  • 9 Bath

  • 4948 SqFt

  • 720 DOM

  • Built: 1942

  • Status: Off Market

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Krishna Regupathy

Principal Broker

(503) 893-8874

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.

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