3762 N Melrose DR, Portland, OR 97227 | MLS #550072091 | Cascade Hasson Sotheby’s International Realty
 
Listing provided courtesy of Cascade Hasson Sotheby's International RealtyMLS# 550072091MLS Provider
  • 39 days on site
  • 16 views

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.

Source: Regional MLS, MLS#: 550072091

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  • Property Type
    Residential
  • Lot
    0.10 acres

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Nathalie McColl

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  • Median Age
    34
  • Population Density
    3,694
  • College Educated
    72%
  • Estimated Median Income
    $75,805
  • Estimated Total Home Owners
    871
  • Estimated Total Renters
    2,279
  • Owner / Renter Divide
    28% / 72%
  • Estimated Average Household Size
    2
  • Total Population
    5,911
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
6/24/2026Source: Regional MLS Price Reduction
$899,000 -3.9%
Nathalie McColl
Listing Agent
5/21/2026Source: Regional MLS Added to Database
May 21, 2026
Nathalie McColl
Listing Agent