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3762 N Melrose Dr, Portland, OR 97227

$935,000

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Property Description

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.

3762 N Melrose Dr | MLS# 550072091

This single family home located at 3762 N Melrose Dr, Portland, OR 97227 is currently listed for sale with an asking price of $935,000. This property was built in 1932 and has 5 bedrooms and 3 full baths with 3080 sq. ft. Search Portland real estate on cameronvaldez.bendpremierrealestate.com today.

Property Features

Property Type: Residential - Single Family
Basement: Full Basement, Unfinished
Basement: Yes
Cooling: Heat Pump
Fenced: Yes
Fireplaces: 1
Fuel Type: Electricity
Garage: 1 car attached
Heating: Ductless, Forced Air95Plus, Heat Pump
Home Style: 2 Story, Bungalow
Lot Size: 0.10 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $9,185
Year Built: 1932
Square Feet: 3,080

Feature Descriptions

Bathroom: 2.0 (Main), 1.0 (Upper)
Body of Water: Willamette
Days on Site: 2
Exterior: AccessoryDwellingUnit, Deck, Fenced, Guest Quarters, Patio, Second Residence, Yard
Exterior: Cedar, Stucco
Fireplace: Electric
Hot Water: Electricity
Interior: Ceiling Fan(s), Hardwood Floors, Laundry, Tile Floor, Washer-Dryer
Kitchen: Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Granite, Pantry, Range Hood, Stainless Steel Appliance(s), Tile
Lot: Level, Light Rail, Private
Parking Notes: Attached, ExtraDeep, TuckUnder, Carport, Driveway
Sewer: Public Sewer
Special View Info: City, River
Square Footage: 810 (Lower), 1540 (Main), 1007 (Upper)
Water: Public Water
Waterfront: River Front

Room Sizes

2nd Kitchen: 17 X 15 Level - Upper
4th Bedroom: 16 X 11 Level - Upper
5th Bedroom: 14 X 11 Level - Upper
2nd Bedroom: 12 X 10 Level - Main
3rd Bedroom: 12 X 11 Level - Main
Dining Room: 13 X 10 Level - Main
Family Room: 15 X 11 Level - Main
Kitchen: 15 X 12 Level - Main
Living Room: 17 X 13 Level - Main
Primary Bedroom: 15 X 11 Level - Main

Local Schools

High School: Jefferson
Middle School: Ockley Green
Elementary School: Beach

Listed By / Shown By

Listed By

Agency Name: Cascade Hasson Sotheby's International Realty
Agency Phone: 503-420-8650

Shown By

Agent Name: Cameron Valdez Broker
Agent Phone: (267) 622-1419
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 5,765.99 per month $4,727.87 Principal & Interest $765.42 Property Tax $272.71 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/27/2026. The listing information on this page last changed on 05/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 05/27/2026 12:06:42 AM EST) or RMLS (last updated Tue 05/26/2026 10:35:29 AM EST) or COAR/MLSCO (last updated Wed 05/27/2026 12:01:16 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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