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10503 NW 3rd St, Portland, OR, 97231

4beds
2baths
1,784sqft
$620,000
$348price/sqft
$3,981/moest. monthly cost
$159,240/yrincome needed

About This Home

Perched above the Willamette River, this beautifully remodeled 4-bedroom, 2-bath home offers breathtaking views of the Willamette River, surrounding mountains, and lush forested landscape. Nestled in the desirable Linnton community, this home perfectly balances peaceful living with convenient access to the heart of Portland.Step inside to an inviting open-concept floor plan where expansive front windows frame the incredible scenery and fill the home with natural light. Thoughtful updates throughout include electrical, plumbing, roof, flooring, interior paint, appliances, and decking, providing modern comfort and peace of mind.The lower level offers exceptional flexibility with potential for a private guest suite, ADU, or income-producing rental opportunity (buyer to perform due diligence).Outside, enjoy room to spread out with RV parking and your own access to the trails of Forest Park right from the backyard—perfect for hiking, trail running, or simply enjoying nature. Experience the tranquility and privacy of this unique setting while remaining just minutes from NW 23rd Avenue, downtown Portland, shopping, dining, and entertainment.Whether you’re looking for stunning views, modern updates, outdoor adventure, or multi-generational living potential, this exceptional property truly has it all. Schedule your showing today!

Getting Around

24
WalkingCar-Dependent
23
TransitMinimal Transit
28
BikeSomewhat Bikeable

Schools

10/10
8/10
Lincoln High SchoolGrades 9-127.1 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1909

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Cement Siding,Lap Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Built-In Range,Dishwasher,ENERGY STAR Qualified Appliances,Microwave,Stainless Steel Appliance(s),Washer/Dryer

Basement

  • Has basement: Yes
  • Basement: Partially Finished,Separate Living Quarters Apartment Aux Living Unit,Storage Space

Bedroom2

  • Level: Main

Bedroom3

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2

Dining Room

  • Level: Main

Features

  • Window features: Double Pane Windows
  • Flooring: Vinyl
  • Number of fireplaces: 2
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 1,784
  • Total interior livable area: 1,784 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: R135002

Features

  • Levels: Multi/Split
  • Stories: 2
  • Patio & porch: Porch
  • Exterior features: Yard
  • Has view: Yes
  • View description: Mountain(s),River,Trees/Woods
  • Has water view: Yes
  • Water view: River
  • On waterfront: Yes
  • Waterfront features: River Front
  • Waterbody name: Willamette River

Lot

  • Lot size: 6,098 sqft
  • Features: Corner Lot,Sloped,Wooded,SqFt 5000 to 6999

Parking

  • Parking features: Carport,RV Access/Parking,RV Boat Storage,Extra Deep Garage
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Heat Wave
    Heat WaveModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Landslide

FEMA Declared Disasters in Multnomah County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,135$37,620
Home Insurance *$143$1,716
Property Taxes $527$6,324
Electricity $176$2,119
Total$3,981$47,772
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$136,491/yr
40% on housing$119,430/yr
45% on housing$106,160/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$348This listing

vs Other Active Listings

Avg $/sqft

ZIP 97231$280
Multnomah County$244

vs Homes Sold Last Month

Median $/sqft

ZIP 97231$264
Multnomah County$288

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-22Listed for sale$620,000
2025-09-24Sold$385,000

For Sale by Agent

AgentCarly Allen
BrokerageJohn L. Scott Portland Central

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