Discover the potential of this unique ranch-style home situated on a sprawling corner lot in one of Portland’s friendliest communities. Priced well under recent appraised value, this spacious 4-bed, 3-bath home offers over two levels of living space ready for you to make your own. With recent updates such as a newer roof, heating system, electrical panel and a 78-gallon water heater, the heavy lifting is done—all that’s left are cosmetic updates to match your style. The expansive lot provides incredible possibilities: create lush garden beds, design an outdoor entertaining oasis or explore options for an ADU. Located within the vibrant Ainsworth Street Collective and bordering the Cully and Concordia neighborhoods, this home is part of a warm, community-focused area with easy access to parks, local shops, restaurants and transportation. Whether you're seeking a place to call home or a prime investment opportunity, this hidden treasure is a must-see. Don’t miss your chance to breathe new life into this one-of-a-kind property! [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10221428]
Sold
$535,000
4505 NE Simpson St, Portland, OR 97218
4beds
3,984sqft
Residential, Single Family Residence
Built in 1958
10,018.8 Square Feet Lot
$540,900 Zestimate®
$134/sqft
$3,893 Estimated rent
Home value
$540,900
$503,000 - $584,000
$3,893/mo
Zestimate® history
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$3,893/mo
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$3,156/mo
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Zillow last checked: 8 hours ago
Listing updated: April 02, 2025 at 11:29am
Listed by:
Jodi Cvar 971-444-5638,
Cascade Hasson Sotheby's International Realty
Bought with:
Ayumi Yanome, 201234499
Premiere Property Group, LLC
Source: RMLS (OR),MLS#: 24578372
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
Primary bedroom
- Features: Bathroom, Hardwood Floors, Rollin Shower, Walkin Closet
- Level: Main
- Area: 210
- Dimensions: 15 x 14
Bedroom 2
- Features: Hardwood Floors, Double Closet
- Level: Main
- Area: 288
- Dimensions: 18 x 16
Bedroom 3
- Features: Exterior Entry, Hardwood Floors, Double Closet
- Level: Main
- Area: 240
- Dimensions: 12 x 20
Bedroom 4
- Level: Main
- Area: 168
- Dimensions: 12 x 14
Bedroom 5
- Level: Lower
- Area: 121
- Dimensions: 11 x 11
Dining room
- Level: Main
- Area: 170
- Dimensions: 10 x 17
Family room
- Features: Fireplace
- Level: Lower
Kitchen
- Features: Dishwasher, Microwave, Builtin Oven, Free Standing Range, Free Standing Refrigerator
- Level: Main
- Area: 126
- Width: 9
Living room
- Features: Builtin Features, Fireplace, Hardwood Floors, Sliding Doors
- Level: Main
- Area: 720
- Dimensions: 30 x 24
Heating
- Forced Air, Fireplace(s)
Cooling
- Central Air, Wall Unit(s)
Appliances
- Included: Built In Oven, Free-Standing Refrigerator, Microwave, Stainless Steel Appliance(s), Washer/Dryer, Dishwasher, Free-Standing Range, Electric Water Heater
- Laundry: Laundry Room
Features
- Double Closet, Built-in Features, Bathroom, Rollin Shower, Walk-In Closet(s), Pantry
- Flooring: Hardwood, Laminate, Wood
- Doors: Sliding Doors
- Basement: Exterior Entry,Partial,Unfinished
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total structure area: 3,984
- Total interior livable area: 3,984 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off Street, Attached, Oversized
- Attached garage spaces: 2
Accessibility
- Accessibility features: Accessible Approachwith Ramp, Accessible Entrance, Accessible Full Bath, Accessible Hallway, Main Floor Bedroom Bath, One Level, Accessibility
Features
- Levels: One
- Stories: 2
- Patio & porch: Covered Patio
- Exterior features: Yard, Exterior Entry
- Fencing: Fenced
Lot
- Size: 10,018 sqft
- Features: Corner Lot, Level, SqFt 10000 to 14999
Details
- Additional structures: SeparateLivingQuartersApartmentAuxLivingUnit
- Parcel number: R157491
- Zoning: R10
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1958
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
- Subdivision: Concordia/Fernhill Park
Other
Other facts
- Listing terms: Cash,Conventional,FHA,Rehab,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2025 | Sold | $535,000-7%$134/sqft |
Source:  RMLS (OR) #24578372 Report a problem | ||
| 3/11/2025 | Pending sale | $575,000$144/sqft |
Source: RMLS (OR) #24578372 Report a problem | ||
| 2/14/2025 | Price change | $575,000-4.2%$144/sqft |
Source: RMLS (OR) #24578372 Report a problem | ||
| 1/30/2025 | Pending sale | $600,000$151/sqft |
Source: RMLS (OR) #24578372 Report a problem | ||
| 1/17/2025 | Listed for sale | $600,000$151/sqft |
Source: RMLS (OR) #24578372 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,301 +3.7% | $308,060 +3% |
| 2024 | $8,002 +4% | $299,090 +3% |
| 2023 | $7,695 +2.2% | $290,380 +3% |
Find assessor info on the county website
Neighborhood: Cully
Nearby schools
GreatSchools rating
- 8/10Rigler Elementary SchoolGrades: K-5Distance: 0.7 mi
- 10/10Beaumont Middle SchoolGrades: 6-8Distance: 1.2 mi
- 4/10Leodis V. McDaniel High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Rigler
- Middle: Beaumont
- High: Leodis Mcdaniel
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$540,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$540,900
- Oregon
- Multnomah County
- Portland
- 97218
- Cully
- 4505 NE Simpson St