4042 N Michigan Ave
Portland, OR 97227
Map
- 5 beds
- 2 baths
- 2,690 sqft
- 3,920 sqft lot
- $236 per sqft
- 1900 build
- – on site
Welcome to the Mississippi Neighborhood, one of the oldest neighborhoods in Portland, steeped in history and community. The location is amazing. Just steps away from Mississippi corridor. Dine and imbibe in the many restaurants, bars, and food carts. Support the thriving local shops along the way. This home, built in 1900, still reflects the style and history of the era, yet has been beautifully restored and updated for today. In 2019 the home was fully permitted for short-term rentals. This included safety upgrades required for egress, height standards, and electrical. This also allowed for 2 additional legal bedrooms upstairs and one in the basement, now boasting 5 bedrooms and 2 baths. Additional upgrades include replacing knob and tube wiring, adding high speed internet wiring, new flooring in bathrooms, restoring many window frames and doors, plus new water heater (2024). The open floor plan is great for entertaining which extends from the front parlor with pocket doors to the covered back deck with fully fenced yard. No need to hunt for parking in this vibrant "go-to" neighborhood. Enjoy two private gated off-street parking spots accessed from alleyway behind house. This could be your home in the heart of a historic neighborhood or an investment property with an incredible upside as a short term rental. Set up a private showing or attend an Open House on Sat 6/28 from 12-2 or Sun 6/29 from 11-1 [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239355]
Last checked:
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Checking…
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Last updated Jun 27, 2025
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MLS# 227097331 —
The Building
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Year Built:1900
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New Construction:false
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Architectural Style:Victorian
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Roof:Shingle
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Stories:3
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Basement:Finished,Unfinished
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Foundation Details:ConcretePerimeter
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Exterior Description:LapSiding, MetalSiding, WoodSiding
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Exterior Features:CoveredDeck, Fenced, Porch
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Window Features:WoodFrames
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Building Area Description:PDXmaps
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Building Area Total:2690.0
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Building Area Calculated:1806
Interior
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Interior Features:HighCeilings, HighSpeedInternet, WasherDryer, WoodFloors
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Energy Efficiency Features:InsulationandCeilingInsulation
Room Dimensions
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Main Level Area Total:1120
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Upper Level Area Total:686
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Lower Level Area Total:884
Financial & Terms
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Bank Owned:false
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Land Lease:false
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Short Sale:false
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Home Warranty:false
Location
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Directions:N Michigan between Mason and Shaver
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Latitude:45.552757
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Longitude:-122.6763
The Property
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Parcel Number:R223546
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Condition:Resale
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Lot Size Range:SqFt3000to4999
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Lot Size Acres:0.09
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Lot Size SqFt:3920.0
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View:false
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Farm:false
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Property Attached:false
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (503) 314-9210
- Office phone:
- (503) 284-7755
Taxes
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Tax Year:2024
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Tax Legal Description:MULTNOMAH, BLOCK 14, S 1/2 OF LOT 8, N 12 1/2' OF LOT 10
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Tax Annual Amount:3734.23
Beds
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Bedrooms Total:5
Baths
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Total Baths:2
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Full Baths:2
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Total Baths:2.0
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Total Baths Main Level:2.0
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Full Baths Main Level:2
Heating & Cooling
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Heating:ForcedAir
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Heating:true
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Cooling:ExhaustFan
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Cooling:true
Utilities
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Sewer:PublicSewer
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Hot Water Description:Gas
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Water Source:PublicWater
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Fuel Description:Gas
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Internet Service Type:Cable,FiberOptics
Appliances
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Appliances:Dishwasher, FreeStandingRange, FreeStandingRefrigerator, GasAppliances, Island, Pantry
Schools
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Elementary School:Boise-Eliot
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Middle Or Junior School:Harriet Tubman
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High School:Jefferson
The Community
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Subdivision Name:MISSISSIPPI
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Senior Community:false
Parking
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Attached Garage:false
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Parking Features:OffStreet, ParkingPad
Monthly cost estimate
Asking price
$637,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,410
|
| Taxes | $311 |
| Insurance | $175 |
| Utilities | $209 See report |
| Total | $4,105/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/26/25
Jun 26, 2025
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Listed / Active | RMLS | $637,000 |
45% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $32k above asking price on average, but some went as high as $141k over asking price.
