4535 SW Laurelwood Ave, Portland, OR, 97225

About This Home

Assumable VA loan at 4.05%—an incredible opportunity in today’s market! Rare opportunity in highly desirable Raleigh Hills, this unique property offers dual residential and commercial zoning, opening the door to endless possibilities—live, work, or invest all in one location.Set on a spacious .32-acre lot, this charming bungalow-style home features 3 bedrooms, 2 bathrooms, and a flexible layout with a finished lower level—perfect for a home office, client space, or potential business use. The finished lower level also offers excellent potential for multigenerational living or guest quarters, with space that may lend itself to a future kitchenette.The layout offers versatility while maintaining a warm, inviting feel throughout. Enjoy abundant off-street parking, including a large driveway with RV/boat parking potential—ideal for clients, equipment, or extra vehicles. A detached garage with covered parking adds even more functionality and convenience.Located just minutes from shopping, dining, parks, and major commuter routes, this property blends everyday comfort with exceptional flexibility. A rare find offering style, space, opportunity, and a powerful financing advantage—don’t miss this one!