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3 Beds
2 Baths
1,834 sqft

$625,000

4843 NE 31ST AVE, Portland OR, 97211

Price per sqft$340.79
Built in1912
Property size1,834 sqft
Property typeResidential
Listing Courtesy of YogaBug Real Estate LLC, Pam Blair. 503-347-8551

Overview

Pending

Listed Jul 30, 2026

Updated 2 weeks ago

Live your best Alberta Arts life in this charming 1912 bungalow where historic character, artistic flair & thoughtful updates meet one of the neighborhood’s most valuable features: a fully permitted, income-producing ADU- The Tiny House. Step outside your door to cafés, New Seasons Market, yoga studios, Alberta Park, Fernhill Park, boutiques, breweries & some of Portland’s most celebrated restaurants. Behind the cheerful red door, original fir floors, soaring ceilings, picture molding & light-filled living spaces create a warm, inviting feeling of home. Gather around the cozy wood stove on cool Portland evenings or entertain effortlessly in the open living/dining/kitchen space. The remodeled kitchen features reclaimed wood countertops from a historic Alberta bakery, an inviting seating area & solid fir cabinetry. Enjoy the main-level primary bedroom & spacious remodeled bath. Upstairs, you'll find another living level with a bedroom plus a room for yoga/art studio/creative retreat or home office. The unfinished basement offers an additional bonus room/laundry & tons of storage. The fully landscaped yard invites easy living with a fully fenced backyard, patio, pergola, storage sheds & rare off-street parking. The Tiny House is a standout feature & its own residence. This fully furnished, self-contained ADU has its own delightful kitchen, private bedroom, washer/dryer hookups & thoughtful finishes like vaulted wood ceilings & a bathroom sink made of petrified wood. Previously operated as a successful short-term rental, it welcomed returning guests year after year. Today, it offers the flexibility to generate income as a short or long-term rental, host guests, accommodate multigenerational living or create a private retreat. The main home is thoughtfully updated with a newer roof/furnace/ windows/plumbing/electrical panel/attic insulation & is EV charger ready. Truly embrace the Alberta Arts lifestyle while owning an exceptional, income-producing asset. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10250597]

$4,158/mo

Est. mortgage payment based on a $625,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
231350332

Interior Features

Bedrooms
3
Bathrooms
2
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.09 Acres

Other Property Details

Taxes
$5,389
Tax Frequency
Annually
55+/Senior Community
No
MLS provider logo

Listing Courtesy of YogaBug Real Estate LLC, Pam Blair. 503-347-8551

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 brokerage firms other than 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. All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 9/1/2026, 4:48 AM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available

Listing content is copyright © 2026 RMLS™, Portland, Oregon. All rights reserved.

 

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