$895,000
3515 NE Rodney Ave Unit A, Portland, OR 97212
Like‑New NE Portland Craftsman: 4‑BR Home + Income‑Producing ADU
5 Bed · 3.5 Bath · 2,384 Sq Ft
Turnkey 2018 Craftsman moments from Alberta Arts with finished ADU.
5
Beds
3.5
Baths
2,384
Sq Ft
2018
Built
0.05 acres (2,178 SF)
Lot
No garage; on‑street parking
Garage
About 3515 NE Rodney Ave Unit A
This well‑crafted 2018 Craftsman offers an uncommon combination: a spacious modern main residence plus a fully finished street‑level 1‑bed ADU with its own address designation. The main home is detailed with hardwood floors, a welcoming fireplace, and an open designer kitchen outfitted with custom cabinetry, quartz counters, a farmhouse sink and stainless appliances. Just off the kitchen, an enclosed sunroom expands usable living space and provides a quiet spot for a home office or casual dining.
Upstairs the primary suite is intentionally generous — a spa‑inspired shower and a large walk‑in closet create a private retreat. Four bedrooms in the main residence provide flexible layouts for children, guests or a dedicated office. At street level, Unit B is a self‑contained 1‑bed / 1‑bath ADU with a full kitchen and in‑unit washer/dryer — ideal for rental income, long‑term guests, or multi‑generational living.
The property’s compact lot (approximately 2,178 SF) and like‑new systems make for low maintenance city living. With no garage, residents typically use on‑street parking and enjoy immediate pedestrian access to the Alberta Arts District, Mississippi Avenue and N Williams — restaurants, coffee, galleries and groceries are a short walk away. Redfin notes a Walk Score of 94 and Bike Score of 100, underscoring the location’s convenience.
Whether you’re seeking an owner‑occupier setup that helps offset carrying costs, or an investor targeting stable long‑term income, this home delivers flexibility and quality in one of NE Portland’s most desirable corridors. Contact the listing agent to schedule a private showing and for details on ADU history and recent improvements.
Home Highlights
Property Features
Interior Features
- Designer kitchen with custom cabinetry and quartz countertops
- Farmhouse sink & stainless steel appliances
- Hardwood floors throughout main living areas
- Fireplace in primary living room
- Enclosed sunroom off the kitchen
- Upstairs primary suite with spa‑inspired shower & walk‑in closet
- Total: 5 beds / 3.5 baths across main unit + ADU
Exterior & Lot
- Built 2018 — modern Craftsman exterior
- Compact low‑maintenance lot (~2,178 SF)
- Street‑level ADU with separate entry
- On‑street parking (no garage)
- Small rear yard for planters and patio
Location & Neighborhood
- 0.2–0.5 miles to Alberta Arts & Mississippi Ave dining/shopping
- Quick access to N Williams Ave amenities
- Strong bike infrastructure and transit connections
- Portland Public Schools (verify boundaries)
Walkability & Recreation
- Walkability Rating: 94/100
- Bike Score: 100/100
- Nearby parks: local pocket parks and community green spaces within a short walk
- Easy access to neighborhood events, farmers markets, and nightlife
Neighborhood & Location
This address sits on NE Rodney just steps from the Alberta Arts District and the lively Mississippi/Williams corridors. The neighborhood blends early 20th‑century character homes and newer infill construction, attracting a mix of long‑time residents, young professionals and creatives. Expect a vibrant street life, independent restaurants, galleries, weekly markets and strong bike/transit connectivity.
Market Insights
Inner NE Portland — especially the Alberta Arts and Mississippi/Williams corridors — continues to attract buyers who prioritize walkability, neighborhood character and access to independent retail and dining. Inventory in these micro‑neighborhoods typically runs below the metro average, producing faster sales cycles and price premiums for turnkey homes. Median sale prices in comparable inner NE pockets have been moderate but steady, with 1–3% year‑over‑year appreciation recently and stronger 5‑year gains (~10–15%). Homes with legal ADUs command heightened interest because they offer immediate cashflow or mortgage offset possibilities. For active buyers, this property sits squarely in a seller‑favored niche: move‑in ready, modern finishes, and an ADU to broaden buyer options.
Nearby Schools
Rigler Elementary School
Elementary · 0.8 mi
Sabin K-8 School
Middle · 1.0 mi
Grant High School
High · 1.5 mi
Walkability & Recreation
Immediate access to neighborhood parks, bike routes and the cultural programming of Alberta Arts and Mississippi venues supports an active urban lifestyle.
Investment Highlights
- Main residence plus separately addressed 1‑bed ADU — immediate rental income potential.
- Built in 2018 with modern finishes and excellent condition.
- Prime walkable location near Alberta Arts, Mississippi and Williams corridors (Walk Score ~94).
- Strong price per SF relative to inner‑NE premium; turnkey condition reduces near‑term capex.
- Flexible use: owner‑occupant + rental, multi‑generational, or investment hold.
Key Findings
- List price: **$895,000**; total building area: **2,384 SF**; lot: **2,178 SF**.
- Property contains main home (4 BR/2.5 BA) plus a finished 1 BR/1 BA ADU (Unit B).
- Built in 2018; construction appears wood frame with modern interior finishes.
- No garage indicated; on‑street parking only.
- Located in highly walkable NE Portland corridor with abundant nearby retail and dining.
Things to Consider
- No designated off‑street parking; parking restrictions/permits could impact some buyers.
- Zoning/permit confirmation required for ADU and any future expansion.
- Limited lot size reduces potential for large yard or future lot split.
Opportunity Analysis
Acquire a turnkey infill property that combines owner‑occupied lifestyle benefits with immediate rental cash flow from a permitted and finished ADU in a high‑demand inner‑NE Portland neighborhood.
Potential Use Scenarios
- Owner‑occupier: occupy main unit and rent ADU to offset mortgage.
- Investor: hold both units as long‑term rentals; market to professionals seeking walkable location.
- Value‑add: modest interior upgrades (if desired) to increase rents; explore rental split or short‑term permitting where allowed.
Risk Factors
- Parking constraints and neighborhood permit changes.
- Local rental market variability and regulatory changes around short‑term rentals.
- Smaller lot limits expansion upside.
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$845K
Midpoint
$895K
High
$945K
$375/SF estimated price per square foot
Estimate anchored to the listed price of **$895,000** and informed by recent NE Portland infill sales, unit mix (4BR main + 1BR ADU), quality of 2018 construction, and walkability premium near N Williams/Mississippi/Alberta corridors. No live comps search performed.
As of 2026-03-12
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Inner NE Portland has seen steady demand from buyers seeking walkable neighborhoods; moderate population growth and continued interest from younger professionals.
Nearby Points of Interest
- Alberta Arts District (0.2 mi)
- Mississippi Avenue dining corridor (0.2-0.4 mi)
High concentration of independent restaurants, coffee shops, boutique retail on Mississippi and Alberta; small parks and community amenities within a short walk; strong bike infrastructure.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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