3762 N Melrose Dr, Portland, OR 97227

• 5 beds |
• 3 baths |
• 3,080 sqft

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.

Listing Status:

Active

Date Added:

May 21, 2026

Data Last Updated:

May 25, 2026 at 4:41AM

Listing Office:

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

Listing Agent:

Nathalie McColl : 503-449-5334

MLS ID:

550072091

Interior

• General: Ceiling fanHardwood floorsLaundryTile floorWasher dryer
• Appliances: DishwasherDisposalFree standing gas rangeFree standing refrigeratorGranitePantryRange hoodStainless steel applianceTile
• Basement: Full basementUnfinished
• A/C: Heat pump
• Heating: DuctlessForced air 95 plusHeat pump
• Fireplace: ElectricFireplaceFireplaces: 1

Exterior

• General: CedarStuccoAccessory dwelling unitDeckFencedGuest quartersPatioSecond residenceYard
• Style: Stories 2Bungalow
• Parking: CarportDrivewayParking spaces: 1

Construction

• Roofing: Composition
• Windows: DoublePaneWindowsVinylFramesWoodFrames
• General: Concrete perimeter

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: OVERLOOKBLOCK ELOT 9 EXC NELY 80'R231842
• View: View

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.