RealtyLens
for saleRealtyLens property overview
$490,000

4434 SE 26th Ave

Portland, OR, 97202
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2Beds
2Baths
1,680Sqft
$292$/sqft

Listing Notes

Tucked into Portland's Creston-Kenilworth neighborhood, this one's got range. Equal parts classic bungalow charm and savvy income-producing opportunity, this versatile property pairs a sunny 2BR/1BA main home with a permitted lower-level ADU studio-all just moments from neighborhood parks, local cafes, popular dining, transit, and the everyday perks that make close-in SE living so appealing. Step into the main home and you'll find all the character you're hoping for: freshly updated hardwood floors, a light-filled living room, and a cozy wood-burning fireplace that anchors the space. Mini split cooling keeps things comfortable year-round, while the thoughtful layout makes everyday living easy.Downstairs, the permitted studio ADU offers a well-appointed full bath and serious flexibility. Whether you're looking for supplemental rental income, a guest retreat, work-from-home separation, or multigenerational living potential, this space is ready to adapt. Both living spaces include separate washer and dryer access, adding convenience and independence for day-to-day living. Outside, a fully fenced yard offers room to relax, garden, or entertain, while the long driveway and detached two-car garage provide plenty of off-street parking and storage. Live in the main home and let the ADU help offset ownership costs, create space for extended living, or add a strong-performing asset to your portfolio. With commercial zoning, a history of long-term tenancy, and an estimated 5.5% cap rate, this is flexibility at its finest. Financials based exclusively on the Property Management firms records, Buyer to verify. A rare close-in SE opportunity with classic character, built-in versatility, and income potential to match. New roof in 2023 and a 10/10 Home Energy Score! [Home Energy Score = 10. HES Report

Market Insights

Below nearby median-26%

$292/sqft vs a nearby median of $394/sqft.

Nearby median$394/sqft
Nearby properties8
Property size1,680 sqft
  • -26% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,680 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$679k$620k$738k · 53% confidence
vs ask $490k−$189k (−38.6%)

Asking price is about 38.6% below the fair value — likely to draw competing offers if it's still on market.

$394/sqft median across 7 tight comps × 1,680 sqft= $662k
  • Pre-war character+$17k +2.5%
Cumulative NYC adjustments+$17k+2.5%

Property Read

FreshnessCurrent market data

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

Market Position-26% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

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
5 days
Last price change
No change recorded
Listed
May 7, 2026
Photos
49 photos
Property type
single family
Status
for sale

Photos

Price History

May 8, 2026Initial record
$490,000for 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.