11338 SW Capitol Hwy, Portland, OR, 97219
About This Home
This rare property offers the perfect blend of comfortable living and built-in rental income, making homeownership more attainable while providing long-term investment potential. The primary residence offers approximately 1,862 square feet with 3 bedrooms, 2.5 bathrooms, an open-concept floor plan, granite countertops, laundry on the main level, an attached two-car garage, and a private, low-maintenance backyard. Above the detached garage is an approximately 435-square-foot fully permitted studio ADU with its own private entrance, remodeled kitchen and bathroom featuring quartz countertops, and stackable washer and dryer. Whether you're looking to reduce your monthly housing costs by renting the ADU or add a turnkey investment to your portfolio, this property offers exceptional flexibility. The primary residence is currently leased for $2,255/month and the detached studio ADU rents for $1,320/month, providing immediate income potential for investors or future owner-occupants. Conveniently located near shopping, restaurants, parks, schools, and major commuter routes. [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10115189]
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 2001
Materials
- Roof: Composition
- Construction materials: Wood Composite
Type & Style
- Home type: SingleFamily
- Property subType: Residential
Interior
Appliances
- Appliances included: Built-In Range,Dishwasher,Free-Standing Refrigerator,Gas Appliances,Microwave,Washer/Dryer,Gas Water Heater
Basement
- Basement: None
Bedroom2
- Level: Upper
- Area: 121
Bedroom3
- Level: Upper
- Area: 120
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- Partial bathrooms: 1
- Main level bathrooms: 2
Features
- Granite,High Ceilings,Studio
- Flooring: Wall to Wall Carpet,Wood
- Number of fireplaces: 1
- Fireplace features: Electric
- Fireplace: Yes
- Common walls with other units/homes: 1 Common Wall
Heating
- Heating features: Forced Air 90
Interior Area
- Total structure area: 2,297
- Total interior livable area: 2,297 sqft
Master Bedroom
- Level: Upper
- Area: 180
Property
Details
- Parcel number: R481901
- Attached to another structure: Yes
Features
- Stories: 2
- Exterior features: Yard,Exterior Entry
- Fencing: Fenced
Lot
- Lot size: 8,276 sqft
- Features: SqFt 7000 to 9999
Parking
- Total spaces: 2
- Parking features: Driveway,Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- 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
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Multnomah County and Oregon
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,033 | $36,396 |
| Home Insurance * | $136 | $1,632 |
| Property Taxes | $510 | $6,120 |
| Electricity | $208 | $2,501 |
| Total | $3,887 | $46,644 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Listed for sale | $600,000 |
| 2019-01-05 | Listing removed | $2,250 |
| 2018-12-16 | Price change | $2,250 |
| 2018-11-20 | Price change | $2,450 |
| 2018-11-11 | Price change | $2,500 |
| 2018-11-03 | Listed for rent | $2,850 |
| 2018-10-26 | Sold | $471,500 |
| 2018-09-12 | Pending sale | $479,000 |
| 2018-08-21 | Price change | $479,000 |
| 2018-07-09 | Price change | $499,000 |
| 2018-07-01 | Price change | $509,000 |
| 2018-06-16 | Listed for sale | $529,000 |
| 2005-07-08 | Sold | $299,000 |
View on Zillow