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.
Active
$325,000
4523 NE 81st Ave, Portland, OR 97218
2beds
1,811sqft
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
- 1 day
- 327
- 33
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Kimberly Chamness 541-490-3147,
Windermere CRG
Source: RMLS (OR),MLS#: 395020202
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
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Listed for sale | $325,000$179/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
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Neighborhood: Cully
Nearby schools
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.






