1902 NE 38th Ave

Portland, OR 97212

$1,075,000
Price
—
Beds
—
Baths
4,420 Sq. Ft.
$243 / Sq. Ft.
4,420
Sq. Ft.
$243
per Sq. Ft.
Listed By Compass
Listed By Compass
an aerial view of a house
a view of a house with a small yard and wooden fence
a view of a house with a tree
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a view of a yard with plants
a view of a yard with plants
a view of a yard with plants
a view of a car park in front of house
a car parked on the side of the road
a view of street with parked cars
a car parked on the side of the road
a view of empty room with fan and fireplace
a view of an entryway with staircase
a bathroom with a granite countertop sink a toilet and bathtub
a view of an empty room with a window
a utility room with washer and dryer
a view of a livingroom with an empty space and a fireplace
a kitchen with a sink a stove and cabinets
a view of a storage & utility room
a living room with furniture a fireplace and a table
a kitchen with white cabinets and white appliances
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a bathroom with a sink a toilet and shower
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an aerial view of multiple house

Description

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...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.

Property Details for 1902 Northeast 38th Avenue

Parking Features
Assigned, Driveway
Zoning
RM1
Garage Spaces
.00
Parking Total
6.00
LISTING UPDATED: 10/16/2025 01:10 PM

Property Details for 1902 Northeast 38th Avenue

StatusActive
MLS #350278988
Days on Market66
Taxes$8,987 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1927
Lot Size0.12 AC / 5,227 SF
CountyMultnomah County

Location

Listing Courtesy of Compass
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Building Information for 1902 Northeast 38th Avenue

Stories2Residences3Year Built1927Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$6,061 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,312

Property Taxes

$749

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1902 Northeast 38th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: NE Broadway to NE 38th Ave
  • Road Surface: Paved
School Information
  • Elementary School: Beverly Cleary
  • High School: Grant
  • Middle Or Junior School: Beverly Cleary
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $8,986.61
  • Parcel Number: R262702
  • Tax Legal Description: ROSSMERE, BLOCK 30, LOT 9
Property
Lot Information
  • Acres: 0.12
  • Lot Description: Corner Lot, Level, Private
  • Lot Size Square Feet: 5227.0
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1927
Utilities
  • Cooling Description: Central Air
  • Fuel Description: Electricity
  • Heating Description: Baseboard, Mini Split, Zoned
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Roof Type: Composition
Interior Features
  • Basement: Finished, Full Basement
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • Gross Income Actual: $74,664.00
  • Gross Rent Multiplier: $14.40
  • Investor Information: Annual Property Operation Data
  • Net Income Actual: $51,195.00
  • Operating Expense: $21,229.00
  • Storage: Locked
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
  • Common Amenities: Central Air, Laundry
  • SqFt Approximate Building Total: 4420
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 2.00
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Fireplace, Range, Washer Dryer Hookup
  • Unit Type 1 Rent: $2,095
  • Unit Type 1 SqFt: 1729.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Air Conditioning, Hardwood Floors, Range, Washer Dryer Hookup
  • Unit Type 2 Rent: $1,894
  • Unit Type 2 SqFt: 1234.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Air Conditioning, Hardwood Floors, Range, Washer Dryer Hookup
  • Unit Type 3 Rent: $2,048
  • Unit Type 3 SqFt: 1354.0
  • Unit Type 3 Units Total: 1

Schools near 1902 Northeast 38th Avenue

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Beverly Cleary School
Public - K to 8
Grant High School
Public - 9 to 12
Da Vinci Middle School
Public - 6 to 8
Le Monde French Immersion Public Charter School
Charter - K to 8
Rating
School
Distance
Beverly Cleary School
PublicK to 8

Grant High School
Public9 to 12

Da Vinci Middle School
Public6 to 8

Le Monde French Immersion Public Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1902 Northeast 38th Avenue, Portland, OR 97212

1902 Northeast 38th Avenue is a multi-family home for sale in Portland, OR 97212. This property was listed for sale on September 30, 2025 by Compass, it's currently listed at $1,075,000. This listing's school district is Portland School District 1j. Nearby schools include Beverly Cleary School, Grant High School and Da Vinci Middle School. 1902 Northeast 38th Avenue is a 0-bed, 0-bath, 4,420 sqft multi-family home built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Last updated: 10/16/2025 01:10 PM