Households have grown during the coronavirus pandemic and its economic fallout as generations, from seniors to young adults, have returned to the family home for cost-saving, safety and comfort reasons.
This is especially true for young adults who lost their jobs when businesses closed and college students were sent away as campuses shut down.
A majority of young adults — 52% of 18- to 29-year-olds — now live with one or both of their parents, according to a Pew Research Center analysis of July’s Census Bureau data. That percentage passes the previous peak, which occurred during the Great Depression.
Real estate agents like Israel Hill, the office leader of John L. Scott Real Estate’s Portland Northeast office, are seeing multiple offers for well-priced residential properties in the $700,000 range and under with extra living space for family members and a large backyard.
Last week, we looked at homes with four or more bedrooms for sale under $400,000.
In this week’s real estate gallery, we look at a sampling of Portland homes with at least four bedrooms for sale from $400,000 to $750,000.
Click here to see residential properties for sale in Oregon with four or more bedrooms
421 S.E. 141st Ave. in Portland’s Hazelwood neighborhood is listed at $410,000.
The two-story farmhouse, built in 1947 on 0.35 acres, has four bedrooms, three bathrooms and 3,724 square feet of living space.
The detached garage can be used as additional storage space or a hobby area.
“Great investment opportunity awaits the buyer with the vision to redevelop or restore, with potential for additional area in basement. Please do no not enter the property or disturb tenants,” says listing agent Augustin Peter of John L. Scott /PTL Metro.
See other active listings in Southeast Portland
204 N.E. 83rd Ave. in Portland’s Montavilla neighborhood is listed at $465,000.
The restored bungalow, built in 1911 on a 4,791-square-foot lot, has four bedrooms, 2.5 bathrooms and 2,264 square feet of living space. The fourth bedroom does not have a closet.
New plumbing, electrical and a main water line were installed in 2019 and the kitchen and first-floor bathroom were upgraded, says listing agent Kristen Kohnstamm of Cascade Sothebys International Realty.
There is a covered front porch and composite deck.
“Lot likely divisible or add an ADU [accessory dwelling unit]. Investors previously rented for $2,995 a month,” says listing agent Kristen Kohnstamm of Cascade Sothebys International Realty.
See more active listings in Northeast Portland
1820 S.W. Logan St. in Portland’s Hillsdale neighborhood is listed at $499,000.
The daylight ranch, built in 1970 on a 4,791-square-foot lot, has four bedrooms, 2.5 bathrooms and 2,270 square feet of living space.
There are hardwood floors on the main level, an open kitchen and living area and sliding doors to the 16-foot-by-10-foot deck that overlooks low-maintenance landscape and patio.
The lower level of the house has a family room and a separate, self-contained apartment (ADU or accessory dwelling unit) with a private entrance, living area, kitchenette and full bathroom. There is also a large laundry room with a half bath.
“Treetop living in Capitol Hill/ Multnomah Village neighborhood. Close to Multnomah Village, Hillsdale and Burlingame,” says listing agent Jeffrey Parker of Parker Realty Inc.
See more active listings in Southwest Portland
5160 N. Amherst St. in Portland’s University Park neighborhood is listed at $699,950.
The modern-style house, built in 2020 (lot size not disclosed), has four bedrooms, 2.5 bathrooms and 2,163 square feet of living space.
“High-end finishes, open floor plan, gourmet kitchen with large island,” says listing agent Jason Watkins of Real Estate Performance Group.
See more active listings in North Portland
— Janet Eastman | 503-294-4072
Want to search Oregon real estate listings and use local resources? Click here.