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  • $325,000

    4523 NE 81st Ave, Portland, OR 97218

    2beds
    1,811sqft
    : 
    $2,458/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1941
    7,405 Square Feet Lot
    $-- Zestimate®
    $179/sqft
    $-- HOA

    What's special

    Partially fenced yardTree-lined streetOff-street parkingLarge garage
    Bring your tools, creativity, and vision to unlock the potential of this promising NE Portland property. Situated on a beautiful tree-lined street where neighboring homes reflect pride of ownership, this home offers an excellent opportunity for investors, contractors, flippers, or buyers looking to build sweat equity.The main level features 1,011 square feet of living space, while the 800-square-foot full walkout basement opens the door to a variety of possibilities. Whether you're considering additional living space, a workshop, hobby area, or enhanced storage, the basement provides valuable flexibility for future improvements.Outside, you'll find a large garage, off-street parking, and a partially fenced yard with room to create an inviting outdoor living space. The location is hard to beat—just minutes from Portland International Airport (PDX), major commuter routes, shopping, dining, and everyday conveniences.Properties with this combination of location, neighborhood appeal, and upside potential are increasingly difficult to find. Whether you're searching for your next renovation project, rental investment, or starter home with room to grow, this property offers a rare chance to create value in an established Portland neighborhood.Opportunity, location, and potential—bring your vision and transform this diamond in the rough into something special. Property is being sold as-is and has been priced to reflect.
    1 day
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Kimberly Chamness 541-490-3147,

    Windermere CRG

    Source: RMLS (OR),MLS#: 395020202MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 1
      Rooms
      • Room types: Laundry, Bedroom 2, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
      Primary bedroom
      • Level: Main
      Bedroom 2
      • Level: Main
      Dining room
      • Level: Main
      Family room
      • Level: Lower
      Kitchen
      • Level: Main
      Living room
      • Level: Main
      Heating
      • Forced Air
      Appliances
      • Included: Dishwasher, Free-Standing Range, Free-Standing Refrigerator, Electric Water Heater
      • Laundry: Laundry Room
      Features
      • Ceiling Fan(s)
      • Flooring: Wall to Wall Carpet
      • Windows: Vinyl Frames
      • Basement: Full,Partially Finished
      • Number of fireplaces: 2
      • Fireplace features: Wood Burning
      Interior area
      • Total structure area: 1,811
      • Total interior livable area: 1,811 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Driveway, Attached
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 2
      • Patio & porch: Covered Patio
      • Fencing: Fenced
      Lot
      • Size: 7,405 Square Feet
      • Features: Level, SqFt 7000 to 9999
      Details
      • Parcel number: R220264

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Residential, Single Family Residence
      Materials
      • Lap Siding
      • Foundation: Concrete Perimeter
      • Roof: Composition
      Condition
      • Fixer
      • New construction: No
      • Year built: 1941

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $179/sqft
      • Tax assessed value: $577,850
      • Annual tax amount: $5,692
      • Date on market: 9/4/2026
      • Listing terms: Cash,Conventional,Rehab
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/4/2026Listed for sale$325,000$179/sqft
        Source: RMLS (OR) #395020202 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,693 +3.7%$211,280 +3%
        2024$5,488 +4%$205,130 +3%
        2023$5,277 +2.2%$199,160 +3%
        2022$5,163 +1.7%$193,360 +3%
        2021$5,076 +9%$187,730 +3%
        2020$4,656 +3.8%$182,270 +3%
        2019$4,485 $176,970 +3%
        2018$4,485 +3%$171,820 +3%
        2017$4,354 +14%$166,820 +3%
        2016$3,819 $161,970 +3%
        2015$3,819 +2.7%$157,260 +3%
        2014$3,719 +3.9%$152,680 +3%
        2013$3,578 +10.5%$148,240 +3%
        2012$3,237 +3.9%$143,930 +3%
        2011$3,115 +5.4%$139,740 +3%
        2010$2,955 +2.7%$135,670 +3%
        2009$2,878 +6%$131,720 +3%
        2008$2,716 +0.3%$127,890 +3%
        2007$2,708 +11.4%$124,170 +3%
        2006$2,432 +4.7%$120,560 +3%
        2005$2,322 -8.2%$117,050 +3%
        2004$2,530 +2.3%$113,650 +3%
        2003$2,474 +8.9%$110,340 +3%
        2002$2,272 +7.4%$107,130 +6.1%
        2000$2,116 +7.6%$100,990 +3%
        1999$1,967 $98,050
        Find assessor info on the county website

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Cully

        Getting around

        66 / 100
        Somewhat Walkable
        55 / 100
        Good Transit
        78 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Scott
        • Middle: Roseway Heights
        • 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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