RealtyLens
for saleRealtyLens property overview
$1,895,000

3812 SE Ellis St

Portland, OR, 97202
View more Portland, OR property pages
6Beds
6Baths
4,588Sqft
$413$/sqft

Listing Notes

Three distinct living spaces. One unforgettable property. Tucked above Reed Canyon on a quiet dead end street, the Reed Canyon Retreat delivers something Portland rarely sees: West Hills privacy and elevation with East Side walkability. The property lives like a private retreat. A beautifully updated 1923 Craftsman main house, a newly built two bedroom ADU above the garage and a detached studio with full bathroom all surround a private pool, flat grassy yard, elevated fire pit lounge and multiple outdoor gathering spaces wrapped in mature privacy hedges. Step through the back gate and you are immediately on the Reed Canyon trail system. The 4 bedroom, 4 bathroom main house unfolds across three finished levels with thoughtful updates and incredible indoor outdoor flow. French doors from the living room, dining room and kitchen all open directly to the deck & patio. The beautifully updated kitchen anchors the home with a large island, high-end appliances and a sink perfectly positioned for sunset views. The living room features a wood-burning fireplace and six floor-to-ceiling windows for maximum natural light. Upstairs, the primary suite includes a fireplace, private deck and a huge walk-in closet. Downstairs, the daylight lower level offers a family room with projector and climbing wall, kitchenette, full bathroom and mudroom with direct pool access. Built in 2023, the detached studio is ideal for guests, office space or extended stays with high ceilings and French doors for seamless indoor outdoor living. Above the garage, the ADU lives like a true standalone home with two bedrooms, full kitchen, skylight and private gated access. Updates include brand new roof on main house, Marvin clad wood windows, updated plumbing, electric & HVAC. Rarely does a property offer this level of flexibility, privacy and income potential while still feeling warm, connected and genuinely special. A true Portland compound designed to evolve with the people lucky enough to call it home.

Market Insights

Above nearby median+13%

$413/sqft vs a nearby median of $366/sqft.

Nearby median$366/sqft
Nearby properties2
Property size4,588 sqft
  • +13% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 4,588 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$1.72M$1.59M$1.85M · 66% confidence
vs ask $1.90M+$174k (+9.2%)

Asking price is about 9.2% above where comps + adjustments land — there is room to negotiate.

$366/sqft median across 2 tight comps × 4,588 sqft= $1.68M
  • Pre-war character+$42k +2.5%
Cumulative NYC adjustments+$42k+2.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position+13% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
4 days
Last price change
No change recorded
Listed
May 8, 2026
Photos
49 photos
Property type
single family
Status
for sale

Photos

Price History

May 8, 2026Initial record
$1,895,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.