Blog ADU Just Sold: University Park Gem with ADU

Just Sold: University Park Gem with ADU

By Mel Dorman, October 17, 2024

6223 N YALE ST
Portland, OR 97203

Stylishly updated newer construction in University Park neighborhood with completely private dreamy detached ADU with solid AirBnB income stream. Fully permitted in 2018, the detached ADU is a fabulous opportunity to offset your mortgage (STRs allowed!) or the ideal multi-generational living situation. This short term rental brought in over $22k in revenue via AirBnB in 2023. With its own street entrance off the alley and dedicated parking pad, it provides total privacy. At 487 sqft, this stylish one bedroom abode feels spacious, airy, and bright – perfect for friends, family or a weekend traveler. The main house provides the ideal floor plan: 3 beds + 2 full baths up, with ½ bath on main. Sunny and spacious, the south facing front porch welcomes you home! Enjoy the large living area with gas fireplace and LVP floors, open layout and fresh interior paint. Upstairs you will find brand new carpet, two sunny bedrooms and a spacious owner’s suite with walk-in closet, bathroom skylight, hex tile floors and designer details. Oh, and the updates – 2021 central A/C, new roof in 2018, new electrical panel + 200 amp service in 2017, new gas furnace in 2014. Location is fabulous – a quick jaunt to New Seasons, Cathedral Coffee and more. Schools: Astor & Roosevelt within 1 mile. What an absolute dream.


4 BEDROOM | 3/1 BATHS | 1871 SQFT
Sold  10/14/2024 | $679,000

Mel Dorman

Broker | OR & WA

She/They

Ten years ago, Melissa was living in a slum in Kolkata, India, helping over 200 women escape sex trafficking by providing alternative work at a social business. It was there she discovered her passion for financial education as a means of empowering people to move out of poverty. After graduating from UCLA with a Masters, Melissa spent 5 years working as a Social Worker; assisting clients facing homelessness, in jail, or at a psychiatric facility. As much as she loved the work, imagining saving for retirement on the meager salary of a social worker was becoming grim. That's when Melissa discovered "passive income." In no time, she fell in LOVE with real estate as a vehicle for wealth. Soon after, Melissa began locating off-market multi-family properties to purchase through creative financing strategies and win-win opportunities. Two years into investing, Melissa quit her day job as a Social Worker to become a full-time broker and investor. Initially, she was drawn to people in difficult circumstances, so she developed extensive experience assisting families facing foreclosure, short sales, and probate. Melissa is well versed in helping her clients overcome complex real estate challenges. Currently, Melissa is teamed up with Super Broker, Yascha Noonberg at Living Room Realty. Together they assist clients to achieve their real estate dreams, including how to strategically buy and sell a personal residence to maximize profits. Far from the slums of Kolkata, her greatest passion now is empowering other working professionals to develop passive forms of income through buying multi-family properties in Portland.
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  • T: 503-567-4697
  • melissa@livingroomre.com

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