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2040 N Rosa Parks Way, Portland, OR, 97217

2beds
1baths
1,793sqft
$519,900
$290price/sqft
$3,360/moest. monthly cost
$134,400/yrincome needed

About This Home

I open with a corner lot presence in the heart of Arbor Lodge, where natural light comes in from multiple sides and sets the tone the moment you step inside. My main level feels bright, comfortable, and easy to live in, with a layout that offers defined living and dining spaces while still maintaining a connected flow. The living room is anchored by a fireplace, creating a warm focal point, while the kitchen is designed for real life with ample cabinetry and solid surface countertops ready for everything from quick mornings to hosting friends. Two well proportioned bedrooms and a full bath on the main level make single level living a practical and appealing option. Downstairs, I expand in a way that adds real versatility. The finished basement features a spacious family room centered around a wood burning fireplace, creating a natural gathering space. A built in bar adds character and function, while extensive storage, a utility room, and a dedicated laundry area with sink keep everything organized and efficient. A gas furnace supports consistent heating and helps keep utility costs in check. Outside, the corner lot layout provides a sense of openness while still offering a fenced yard and patio space for relaxing or entertaining. The breezeway connects to a detached garage, an increasingly rare amenity and highly sought after, with additional driveway parking. The location brings everything together. Moments from Peninsula Park, where you can enjoy the historic rose garden, fountain, tennis courts, and open green space, and close to Arbor Lodge Park for playgrounds and outdoor escapes, you are also just minutes from the energy of Mississippi Avenue. Start mornings with brunch and coffee at Proud Mary Coffee, grab tacos from Por Qué No?, then stop by New Seasons Market for groceries and essentials on your way home.

Getting Around

75
WalkingVery Walkable
55
TransitGood Transit
100
BikeBiker's Paradise

Schools

9/10
8/10
Ockley GreenGrades 6-80.4 mi
5/10
Jefferson High SchoolGrades 9-121.0 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1948

Materials

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

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Free-Standing Range,Microwave,Stainless Steel Appliance(s),Electric Water Heater,Tank Water Heater
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedroom2

  • Level: Main
  • Area: 130

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Level: Main
  • Area: 63

Family Room

  • Features: Fireplace
  • Level: Lower
  • Area: 312

Features

  • Hookup Available,Sink,Ceiling Fan(s),Tile
  • Window features: Double Pane Windows,Vinyl Frames
  • Number of fireplaces: 2
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air,Fireplace(s)
  • Cooling features: None

Interior Area

  • Total structure area: 1,793
  • Total interior livable area: 1,793 sqft

Kitchen

  • Features: Dishwasher, Microwave,Free Standing Range, Solid Surface Countertop
  • Level: Main
  • Area: 126

Living Room

  • Features: Ceiling Fan, Fireplace
  • Level: Main
  • Area: 260

Master Bedroom

  • Level: Main
  • Area: 132

Property

Accessibility

  • Accessibility features: Garage On Main,Ground Level,Main Floor Bedroom Bath,Minimal Steps,Natural Lighting,Accessibility

Details

  • Parcel number: R233811
  • Zoning: RM2

Features

  • Levels: One
  • Stories: 2
  • Patio & porch: Patio
  • Exterior features: Yard
  • Fencing: Fenced
  • Has view: Yes
  • View description: Trees/Woods

Lot

  • Lot size: 4,791 sqft
  • Features: Corner Lot,Level,Trees,SqFt 3000 to 4999
  • Lot size dimensions: 50 x 100

Parking

  • Total spaces: 1
  • Parking features: Driveway,Garage Door Opener,Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: 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
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

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 $2,628$31,536
Home Insurance *$115$1,380
Property Taxes $441$5,292
Electricity $176$2,119
Total$3,360$40,320
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$115,200/yr
40% on housing$100,800/yr
45% on housing$89,600/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

$290This listing

vs Other Active Listings

Avg $/sqft

ZIP 97217$223
Multnomah County$244

vs Homes Sold Last Month

Median $/sqft

ZIP 97217$279
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
2026-05-06Listed for sale$549,900
1993-09-14Sold$51,000

For Sale by Agent

AgentDarryl Bodle
BrokerageKeller Williams Realty Portland Premiere

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