Skip main navigation
Pending
    • Price cut: $36K (6/25)
    $899,000

    3762 N Melrose Dr, Portland, OR 97227

    5beds
    3,080sqft
    : 
    Loading
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1932
    4,356 Square Feet Lot
    $887,500 Zestimate®
    $292/sqft
    $-- HOA

    What's special

    Awesome fenced yardBeside overlook parkNew paintBeautiful finishesSpacious deckClassic architectural charmAbundant natural light
    Welcome to the highly sought-after Overlook neighborhood! This stunning 5 bed, 3 bath North Portland home has peek-a-boo river and downtown views right beside Overlook Park. The main house is a 3 bed, 2 bath with beautiful finishes abundant natural light and classic architectural charm. It has hardwood floors, new paint, new furnace (2024), new water heater (2024) and an awesome, fenced yard.It features a fully permitted 2 bed, 1 bath ADU with its own separate entrance, outdoor area, and in-unit laundry for ultimate private convenience. It is a wonderful income property with strong rental history, specific financials available upon request. Sold fully furnished, right down to the kitchen amenities, allowing you to seamlessly continue renting without lifting a finger. Step right outside your front door, enjoy a morning coffee on a spacious deck also leading to your bedroom with a view of the Willamette River and Downtown Portland. You will find expansive green spaces, trails, and the majestic trees of Overlook Park steps away. This beautiful income generating oasis in North Portland’s vibrant Overlook neighborhood is a classic Portland property and an absolute dream for both homeowners and savvy investors. Whether you are looking for a beautiful primary residence with a built-in mortgage helper or a premier investment opportunity in one of Portland's most desirable neighborhoods, this rare property checks every box.
    55 days
    |
    1,016
    |
    71
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Nathalie McColl 503-449-5334,

    Cascade Hasson Sotheby's International Realty

    Source: RMLS (OR),MLS#: 550072091MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 2
      Rooms
      • Room types: 2nd Kitchen, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
      Primary bedroom
      • Features: Ceiling Fan, Deck, Hardwood Floors, Ensuite
      • Level: Main
      • Area: 165
      • Dimensions: 15 x 11
      Bedroom 2
      • Features: Hardwood Floors
      • Level: Main
      • Area: 120
      • Dimensions: 12 x 10
      Bedroom 3
      • Features: Hardwood Floors
      • Level: Main
      • Area: 132
      • Dimensions: 12 x 11
      Bedroom 4
      • Features: Wood Floors
      • Level: Upper
      • Area: 176
      • Dimensions: 16 x 11
      Bedroom 5
      • Features: Double Closet, Wood Floors
      • Level: Upper
      • Area: 154
      • Dimensions: 14 x 11
      Dining room
      • Features: Hardwood Floors
      • Level: Main
      • Area: 130
      • Dimensions: 13 x 10
      Family room
      • Features: Hardwood Floors, Sliding Doors
      • Level: Main
      • Area: 165
      • Dimensions: 15 x 11
      Kitchen
      • Features: Disposal, Gas Appliances, Hardwood Floors, Pantry, Free Standing Range, Free Standing Refrigerator, Granite, Quartz
      • Level: Main
      • Area: 180
      • Width: 12
      Living room
      • Features: Fireplace, Hardwood Floors
      • Level: Main
      • Area: 221
      • Dimensions: 17 x 13
      Heating
      • Ductless, Forced Air 95 Plus, Heat Pump, Fireplace(s)
      Cooling
      • Heat Pump
      Appliances
      • Included: Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Range Hood, Stainless Steel Appliance(s), Washer/Dryer, Gas Appliances, Free-Standing Range, Electric Water Heater
      • Laundry: Laundry Room
      Features
      • Ceiling Fan(s), Family Room Kitchen Combo, Double Closet, Pantry, Granite, Quartz, Tile
      • Flooring: Hardwood, Tile, Wood
      • Doors: French Doors, Sliding Doors
      • Windows: Double Pane Windows, Vinyl Frames, Wood Frames
      • Basement: Full,Unfinished
      • Number of fireplaces: 1
      • Fireplace features: Electric
      Interior area
      • Total structure area: 3,080
      • Total interior livable area: 3,080 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Carport, Driveway, Attached, Extra Deep Garage, Tuck Under
      • Attached garage spaces: 1
      • Has carport: Yes
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck, Patio
      • Exterior features: Yard
      • Fencing: Fenced
      • Has view: Yes
      • View description: City, River
      • Has water view: Yes
      • Water view: River
      • Waterfront features: River Front
      • Body of water: Willamette
      Lot
      • Size: 4,356 Square Feet
      • Features: Level, Light Rail, Private, SqFt 3000 to 4999
      Details
      • Additional structures: GuestQuarters, SecondResidence
      • Parcel number: R231842

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Bungalow
      • Property subtype: Residential, Single Family Residence
      Materials
      • Cedar, Stucco
      • Foundation: Concrete Perimeter
      • Roof: Composition
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1932

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $292/sqft
      • Annual tax amount: $9,184
      • Date on market: 5/21/2026
      • Cumulative days on market: 56 days
      • Listing terms: Cash,Conventional
      • Road surface type: Paved

        Estimated market value

        $887,500

        $843,000 - $932,000

        $5,859/mo

        Price history

        DateEventPrice
        7/12/2026Pending sale$899,000$292/sqft
        Source: RMLS (OR) #550072091 Report a problem
        6/25/2026Price change$899,000-3.9%$292/sqft
        Source: RMLS (OR) #550072091 Report a problem
        5/22/2026Price change$935,000-1.6%$304/sqft
        Source: RMLS (OR) #550072091 Report a problem
        7/14/2021Pending sale$950,000$308/sqft
        Source: RMLS (OR) #21582251 Report a problem
        7/12/2021Sold$950,000$308/sqft
        Source: RMLS (OR) #21582251 Report a problem
        5/8/2021Listed for sale$950,000$308/sqft
        Source: RMLS (OR) #21582251 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: Overlook

        Getting around

        57 / 100
        Somewhat Walkable
        52 / 100
        Good Transit
        69 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Beach
        • Middle: Ockley Green
        • High: Jefferson

        Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

            Nearby cities

            Nearby neighborhoods

            Nearby zip codes

            Other Portland Topics

              Search
              Updates
              Favorites
              Plan
              Inbox