3762 N Melrose DR, Portland, OR 97227

$885,000
5
BD
3
BA
3,080
SqFt

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Sold Price
$885,000
List Price
$899,000
Closing Date
Aug 05, 2026
Days on Market
76
Status
SOLD
MLS#
550072091
Bedrooms
5
Bathrooms
3
Living Area
3,080
Lot Size
3, 000 to 4, 999 SqFt
Region
Portland North

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.

Additional Information

Tax Amount
$9,184
Year Built
1932
High School
Jefferson
Elementary School
Beach
Middle School
Ockley Green
Fireplaces Total
1
Garage Spaces
1
Garage Type
Attached, Extra Deep, Tuck-Under
Acres
0.10
Living Area
3,080
Stories
2
Property Type
Single Family Residence
Terms
Cash, Conventional
Master Bedroom Level
Main
Cooling Description
Heat Pump
Fireplace Description
Electric
Fuel Description
Electricity
Heating Description
Ductless, Forced Air - 95+%, Heat Pump
Hot Water Description
Electricity
Exterior Description
Cedar, Stucco
Roof Type
Composition
Sewer Description
Public Sewer
Style
2 Story, Bungalow
Waterfront Description
River Front
View
City, River
Parking
Carport, Driveway
Waterfront
Yes
Parking Description
Carport, Driveway
Road Surface
Paved
Exterior Features
Accessory Dwelling Unit, Deck, Fenced, Guest Quarters, Patio, Second Residence, Yard
Interior Features
Ceiling Fan(s), Hardwood Floors, Laundry, Tile Floor, Washer/Dryer
Kitchen Appliances
Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Granite, Pantry, Range Hood, Stainless Steel Appliance(s), Tile

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Cascade Hasson Sotheby's International Realty. Selling Office: Keller Williams Realty Professionals.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.