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.
Pending
Price cut: $36K (6/25)
$899,000
3762 N Melrose Dr, Portland, OR 97227
5beds
3,080sqft
Residential, Single Family Residence
Built in 1932
4,356 Square Feet Lot
$883,300 Zestimate®
$292/sqft
$-- HOA
What's special
Awesome fenced yardBeside overlook parkNew paintBeautiful finishesSpacious deckClassic architectural charmAbundant natural light
- 102 days
- 133
- 4
Zillow last checked:
Listing updated:
Listed by:
Nathalie McColl 503-449-5334,
Cascade Hasson Sotheby's International Realty
Source: RMLS (OR),MLS#: 550072091
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: 102 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
$883,300
$839,000 - $927,000
$5,127/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/12/2026 | Pending sale | $899,000$292/sqft |
Source:  RMLS (OR) #550072091 Report a problem | ||
| 6/25/2026 | Price change | $899,000-3.9%$292/sqft |
Source: RMLS (OR) #550072091 Report a problem | ||
| 5/22/2026 | Price change | $935,000-1.6%$304/sqft |
Source: RMLS (OR) #550072091 Report a problem | ||
| 7/14/2021 | Pending sale | $950,000$308/sqft |
Source: RMLS (OR) #21582251 Report a problem | ||
| 7/12/2021 | Sold | $950,000$308/sqft |
Source: RMLS (OR) #21582251 Report a problem | ||
| 5/8/2021 | Listed 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.Climate risks
Neighborhood: Overlook
Nearby schools
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.
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