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    1902 NE 38Th Ave Portland, OR 97212

    For Sale
    $1,075,000

    MULTI_FAMILY - Portland, OR

    Property size:
    4,420 SF
    Lot size:
    0.12 Acres
    Days on Market:
    51
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 1902 NE 38Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM1
    Rooms
    Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 7, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 4
    Bedrooms
    7
    APN
    R262702
    Size
    4,420 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Baseboard, Zoned
    Cooling system
    Central Air

    Building Details

    Year built
    1927
    Floors in Building
    2
    Number of units
    3
    Roof type
    Composition

    Windermere Realty Trust (503) 294-1101 [email protected]

    Listing agent Ben Droukas PC (503) 294-1101

    Listing date Oct 16, 2025

    MLS# 350278988 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Portland Triplex in Hollywood/Grant Park

    This triplex presents a rare opportunity in the Hollywood/Grant Park neighborhood. Constructed in 1927, the property encompasses approximately 4,420 square feet on a 0.12-acre lot. The building features two side-by-side upper units and a large lower unit, which may be dividable into two, offering flexible income potential. Thoughtful floorplans, a common laundry room, and assigned off-street parking complement the building's historic charm and strong curb appeal. The property has superb walkability to Grant Park, the Beverly Cleary Sculpture Garden, and the Hollywood District's restaurants, shops, and transit. It is also located close to area medical centers. Tenant bill backs for utilities are in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.623671
    Latitude
    45.536666

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    FAQs

    What type of property is this?
    Triplex - Triplex in desirable Hollywood/Grant Park neighborhood with income potential.
    Where is this triplex located?
    The property is located at 1902 NE 38Th Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $1,075,000.
    What are key features of this property?
    This property features: - Rare triplex in the desirable Hollywood/Grant Park neighborhood.; - Flexible income potential from two upper units and a large lower unit (potentially dividable).; - Approximately 4,309 sq ft with thoughtful floorplans.
    (503) 294-1101
    Request Owner's contact information
    1902 NE 38Th Ave Portland, OR 97212
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    Portland, OR 97212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1902 NE 38Th Ave Portland, OR 97212
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