Opportunity knocks in University Park! Perfectly positioned on a corner lot directly across from the University of Portland and Merlo Field, this spacious and versatile 7-bedroom, 3-bathroom home offers endless potential. Whether you're looking for a solid long-term investment, multigenerational living or simply more room to live and grow. The main floor blends timeless character with comfort, featuring newly refinished hardwood floors and a welcoming living room centered around a classic fireplace. The kitchen offers a built-in microwave, free-standing range and a breakfast nook, plus a separate dining area for larger gatherings. Two bedrooms and a full bath with a tub/shower combo complete the main level. Upstairs, you'll find two additional bedrooms and a second full bath with a walk-in shower. The finished basement adds even more flexibility, with three more bedrooms, a third full bath and a laundry area with newer washer and dryer. The layout is ideal for providing both space and privacy for a variety of living situations. Outside, enjoy a partially fenced backyard ready for summer hangouts, a detached garage and paved adjacent parking. Updates include a newer roof and windows (approx. 2017) and water heater with a tank booster. Situated between St. Johns, Portsmouth and Kenton with easy access to New Seasons, Willamette River, local restaurants, parks, Astor K-8 and Roosevelt High. This is North Portland potential at its best! [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239316]
Sold
$550,000
4949 N Willamette Blvd, Portland, OR 97203
7beds
2,309sqft
Residential, Single Family Residence
Built in 1941
5,227.2 Square Feet Lot
$549,500 Zestimate®
$238/sqft
$3,271 Estimated rent
Home value
$549,500
$511,000 - $588,000
$3,271/mo
Zestimate® history
Owner options
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$3,354/mo
Est. payment
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Est. payment
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List your homeWhat's special
Classic fireplacePartially fenced backyardFinished basementNewly refinished hardwood floorsBreakfast nookSeparate dining areaNewer roof and windows
Zillow last checked:
Listing updated:
Listed by:
Jaret Prokay 971-270-7752,
Keller Williams Realty Portland Premiere,
Marc Fox 503-484-5010,
Keller Williams Realty Portland Premiere
Bought with:
Natasha Blass, 201239291
Knipe Realty ERA Powered
Source: RMLS (OR),MLS#: 296672890
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
Primary bedroom
- Features: Hardwood Floors, Closet
- Level: Main
- Area: 140
- Dimensions: 14 x 10
Bedroom 1
- Features: Closet
- Level: Lower
- Area: 130
- Dimensions: 13 x 10
Bedroom 2
- Features: Hardwood Floors, Closet
- Level: Main
- Area: 110
- Dimensions: 11 x 10
Bedroom 3
- Features: Closet, Wallto Wall Carpet
- Level: Upper
- Area: 154
- Dimensions: 14 x 11
Bedroom 4
- Features: Closet, Wallto Wall Carpet
- Level: Upper
- Area: 140
- Dimensions: 14 x 10
Bedroom 5
- Features: Closet
- Level: Lower
- Area: 182
- Dimensions: 14 x 13
Dining room
- Features: Builtin Features, Hardwood Floors
- Level: Main
- Area: 90
- Dimensions: 10 x 9
Kitchen
- Features: Dishwasher, Disposal, Microwave, Nook, Free Standing Range, Laminate Flooring
- Level: Main
- Area: 88
- Width: 8
Living room
- Features: Ceiling Fan, Fireplace, Hardwood Floors
- Level: Main
- Area: 234
- Dimensions: 18 x 13
Heating
- Baseboard, Fireplace(s)
Appliances
- Included: Dishwasher, Disposal, Free-Standing Range, Microwave, Washer/Dryer, Electric Water Heater
- Laundry: Laundry Room
Features
- Ceiling Fan(s), Closet, Built-in Features, Nook
- Flooring: Hardwood, Wall to Wall Carpet, Laminate
- Windows: Double Pane Windows, Vinyl Frames
- Basement: Finished,Full,Separate Living Quarters Apartment Aux Living Unit
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,309
- Total interior livable area: 2,309 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Off Street, Detached
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Main Floor Bedroom Bath, Accessibility
Features
- Stories: 3
- Patio & porch: Patio, Porch
- Exterior features: Yard
- Fencing: Fenced
Lot
- Size: 5,227 sqft
- Dimensions: 500 x 1000
- Features: Corner Lot, Level, On Busline, SqFt 5000 to 6999
Details
- Additional structures: SeparateLivingQuartersApartmentAuxLivingUnit
- Parcel number: R292063
- Zoning: R5
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1941
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
- Subdivision: University Park
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/12/2026 | Sold | $550,000-5.2%$238/sqft |
Source:  RMLS (OR) #296672890 Report a problem | ||
| 12/8/2025 | Pending sale | $579,998$251/sqft |
Source: RMLS (OR) #296672890 Report a problem | ||
| 10/27/2025 | Listed for sale | $579,998+383.3%$251/sqft |
Source: RMLS (OR) #296672890 Report a problem | ||
| 6/12/2025 | Listing removed | $3,795$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/8/2025 | Price change | $3,795-5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/23/2025 | Listed for rent | $3,995$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/9/2025 | Listing removed | $3,995$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/18/2024 | Price change | $3,995-13.1%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/6/2024 | Listed for rent | $4,595$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/4/2024 | Listing removed | $4,595$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/4/2024 | Listed for rent | $4,595+5.6%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/9/2019 | Listing removed | $4,350$2/sqft |
Source: Tindell & Co Report a problem | ||
| 12/21/2018 | Listed for rent | $4,350+24.3%$2/sqft |
Source: Tindell & Co Report a problem | ||
| 12/30/2016 | Listing removed | $3,500+67.1%$2/sqft |
Source: Zillow Rental Network Report a problem | ||
| 9/30/2012 | Listing removed | $2,095$1/sqft |
Source: Mainlander Properties Report a problem | ||
| 9/29/2012 | Listed for rent | $2,095$1/sqft |
Source: Mainlander Properties Report a problem | ||
| 1/30/1996 | Sold | $120,000$52/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,616 +3.7% | $208,410 +3% |
| 2024 | $5,414 +4% | $202,340 +3% |
| 2023 | $5,206 +2.2% | $196,450 +3% |
| 2022 | $5,093 +1.7% | $190,730 +3% |
| 2021 | $5,007 +9% | $185,180 +3% |
| 2020 | $4,593 +3.8% | $179,790 +3% |
| 2019 | $4,424 | $174,560 +3% |
| 2018 | $4,424 +3% | $169,480 +3% |
| 2017 | $4,294 +25.7% | $164,550 +13.5% |
| 2016 | $3,417 | $144,940 +3% |
| 2015 | $3,417 +2.7% | $140,720 +3% |
| 2014 | $3,328 +3.9% | $136,630 +3% |
| 2013 | $3,202 +10.5% | $132,660 +3% |
| 2012 | $2,896 +3.9% | $128,800 +3% |
| 2011 | $2,787 +5.4% | $125,050 +3% |
| 2010 | $2,645 +2.7% | $121,410 +3% |
| 2009 | $2,575 +6% | $117,880 +3% |
| 2008 | $2,430 +0.3% | $114,450 +3% |
| 2007 | $2,423 +11.4% | $111,120 +3% |
| 2006 | $2,176 +4.7% | $107,890 +3% |
| 2005 | $2,078 -8.2% | $104,750 +3% |
| 2004 | $2,264 +2.3% | $101,700 +3% |
| 2003 | $2,214 +8.9% | $98,740 +3% |
| 2002 | $2,033 +7.4% | $95,870 +6.1% |
| 2000 | $1,893 +7.6% | $90,370 +3% |
| 1999 | $1,760 | $87,740 |
Find assessor info on the county website
Neighborhood: University Park
Nearby schools
GreatSchools rating
- 9/10Astor Elementary SchoolGrades: K-8Distance: 0.4 mi
- 2/10Roosevelt High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Astor
- Middle: Astor
- High: Roosevelt
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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Estimated market value
$549,500
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Estimated market value
$549,500
- Oregon
- Multnomah County
- Portland
- 97203
- University Park
- 4949 N Willamette Blvd
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