Active

$1,075,000

1902 NE 38th Ave, Portland, OR 97212

7beds

4,420sqft

Est.:

Multi Family

Built in 1927

-- sqft lot

$1,030,500 Zestimate^®

$243/sqft

$-- HOA

What's special

Large lower unitAssigned off-street parkingCommon laundry roomStrong curb appealSpacious side-by-side upper units

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.

75 days

448

14

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4
Full bathrooms: 4

Heating

Baseboard, Mini Split, Zoned, Fireplace(s)

Cooling

Central Air, Air Conditioning

Appliances

Included: Range, Electric Water Heater
Laundry: Common Area, Washer Dryer Hookup

Features

Flooring: Hardwood
Basement: Finished,Full

Interior area

Total structure area: 4,420
Total interior livable area: 4,420 sqft

Property

Parking

Total spaces: 6
Parking features: Assigned, Driveway
Has uncovered spaces: Yes

Features

Stories: 2

Lot

Size: 5,227.2 Square Feet
Features: Corner Lot, Level, Private, SqFt 5000 to 6999

Details

Parcel number: R262702
Zoning: RM1

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Composition

Condition

Existing
Year built: 1927

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Central Air, Laundry

HOA

Has HOA: No

Location

Region: Portland

Financial & listing details

Price per square foot: $243/sqft
Annual tax amount: $8,986
Date on market: 9/30/2025
Listing terms: Cash,Conventional,FHA,VA Loan
Total actual rent: 6037
Road surface type: Paved

Estimated market value

$1,030,500

$979,000 - $1.08M

$3,305/mo

Price history

Date	Event	Price
9/30/2025	Listed for sale	$1,075,000+20.4%$243/sqft
Source: RMLS (OR) #350278988 Report a problem
11/19/2019	Sold	$893,000-3.5%$202/sqft
Source: RMLS (OR) #19175989 Report a problem
10/15/2019	Pending sale	$925,000$209/sqft
Source: Equity Pacific Real Estate LLC #19175989 Report a problem
10/4/2019	Price change	$925,000-2.6%$209/sqft
Source: Equity Pacific Real Estate LLC #19175989 Report a problem
8/30/2019	Price change	$950,000-4%$215/sqft
Source: Equity Pacific Real Estate LLC #19175989 Report a problem