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Alberta Arts-King Area Residential


4822 NE 12th Ave Portland, OR 97211

5 Bed
4 Baths
3103 sqft
MLS# 23565350
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Exceptional remodeled Craftsman in the Alberta Arts District includes an outstanding fully permitted lower level ADU which generates an average of $3K/month (past 4 years) and an additional finished garage/studio space - a myriad of possible uses; work from home, short or long term rental or multi-generational living, separate studio/creative space. HOUSE(main & upper levels): includes a sunny and bright open concept kitchen/media room with French doors that open directly onto the backyard patio with a gas fire pit and garden beds. Formal living and dining rooms with charming period appropriate built-ins and a bedroom (or office) on the main level. The upper level is comprised of three bedrooms, including a primary ensuite, a second full hall bathroom and laundry (washer/dryer) conveniently located near the bedrooms. Drop down access to the attic provides an abundance of storage. STUDIO: the detached garage has been finished as separate studio or creative space and has ample storage behind custom-made bard doors. ADU (lower level): includes a dedicated bedroom, living room, kitchen and dining area, full bathroom, washer/dryer and its own water heater. The ADU has a separate exterior entrance through its own fenced, private courtyard with a gas fire pit. There is also an entrance/access through the house. The ADU has an established Super Host Airbnb record - seller will share financials and efficient program in place to book, manage, clean Airbnb. ADU historical 4-year revenue (based on 60% occupancy & no advertising) confirms it has potential to cover good portion (approximately 40%) of a monthly mortgage payment, based on today's interest rate & 20% down. Enjoy the quintessential urban location with easy access to all the offerings on Alberta Street and the Last Thursday Art Walk, the Farmer's Market, Killingsworth dining district, the Williams Corridor and Mississippi District. Walk Score 82 and Bike Score 78. A whole lot to love!! [Home Energy Score = 1. HES Report at]
Listing Courtesy of RMLS / Windermere Realty Trust / René Susak