OFF MARKET

Off Market May 2024 for $399K

$422,578

Est. refi paymentEst. refi $2,602/mo

•

3,039

sq ft

2938 SW 2nd Ave, Portland, OR 97201

About this home

Always wanted a cupola with city & Mt Hood views? Worth the effort, the 1888 Historic Nathan Pearcy House in Lair Hill offers just that chance! A fixer in a prime location overlooking Lair Hill Park, in close proximity to OHSU, PSU, Downtown, Ross Island Bridge and the South Waterfront. Over 3000 sqft of unique living spaces with open entry way, office area, living & dining rooms plus a wood burning fireplace. Main level bedroom, bath and laundry. Two bedrooms, 1 & ½ baths upstairs with spiral staircase to the view cupola. Huge basement and has access to 2 single car garages including a newer build that has potential for a roof top deck for additional views. With a full front porch and original window details, this home is ready for your creative vision to shine again. Corner lot with RM1 zoning. Cash only. Walk score 82, bike score 82. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10224229]

Single-familyProperty Type

1888Year Built

2,613 sq ftLot Size

$139Est. Price/Sq.Ft.

2 car garageParking

Listed by Amy Romberg • Windermere Realty Trust

Listed by Daniel Fagan • Windermere Realty Trust

Contact: 503-756-7089

Bought with Wenyan Zhu • Wooster Realty

Redfin checked: 14 minutes ago

•Source:RMLS #23506400

Redfin Estimate

$422,578

$23K since sold in May 2024$12K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 31% lower than the average sale price ($612K) of 6 comparable homes.

SOLD JUN 25, 2026
$565,000
A
3 beds2 baths1,750 sq ft
31 S Gibbs St, Portland, OR 97239
SOLD MAY 5, 2026
$625,000
B
3 beds2 baths2,187 sq ft
223 S Whitaker St, Portland, OR 97239
SOLD FEB 3, 2026
$699,000
C
3 beds2 baths2,473 sq ft
3312 S Corbett Ave, Portland, OR 97239
SOLD FEB 27, 2026
$689,000
D
4 beds2 baths3,007 sq ft
3635 S Corbett Ave, Portland, OR 97239
SOLD OCT 15, 2025
$554,000
E
3 beds2 baths1,920 sq ft
117 S Thomas St, Portland, OR 97239
SOLD MAY 22, 2026
$540,000
F
4 beds2 baths3,732 sq ft
4145 S Corbett Ave, Portland, OR 97239

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Earn from this home

Sell

$89,237

Est. take-home

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Refinance

Est. cash available

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Rent

$2,866/mo

Redfin rental estimate

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Market trends in Lair Hill, OR

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.1%

0.4% MoM

Median sale price

$485K

$17K MoM

Avg. days on market

71d

33 days MoM

Recently sold homes

1 MoM

New listings for sale

NEW 21 HRS AGO
$3,500,000
1 bed32 baths10,734 sq ft
16 SW Porter St SW, Portland, OR 97201
Allen Riddle • MORE Realty
3D WALKTHROUGH
$999,900
2 beds2 baths1,950 sq ft
1414 SW 3rd Ave #2604, Portland, OR 97201
Debby Calhoun-Sammons • Safe Harbor Realty
OPEN TODAY, 11AM TO 1PM
$519,900
2 beds2 baths1,183 sq ft
245 SW Meade St Unit C3, Portland, OR 97201
Marisa Swenson • Modern Homes Collective
OPEN TODAY, 10AM TO 12PM
$899,999
4 beds2 baths2,330 sq ft
2440 SW Hoffman Ave, Portland, OR 97201
Megan Jumago-Simpson • Keller Williams Realty Professionals
$945,000
3 beds3 baths2,902 sq ft
2734 SW Fern St, Portland, OR 97201
Bob Atkinson • Where, Inc
OPEN TODAY, 2PM TO 5PM
$1,495,000
4 beds4 baths4,535 sq ft
1784 SW Montgomery Dr, Portland, OR 97201
Marcia Walsh • Where, Inc
VIDEO TOUR
$2,689,000
6 beds7 baths5,233 sq ft
2719 SW Talbot Rd, Portland, OR 97201
Errol Bradley • Cascade Hasson Sotheby's International Realty
3D WALKTHROUGH
$329,000
2 beds2 baths1,366 sq ft
205 S Montgomery St #205, Portland, OR 97201
Stuart Stevens • Realty Portland
OPEN SUN, 1PM TO 4PM
$1,250,000
3 beds4 baths4,111 sq ft
2107 SW Market Street Dr, Portland, OR 97201
Ernest Cooper • Cooper Realty LLC
3D WALKTHROUGH
$525,000
3 beds3 baths1,786 sq ft
1920 SW Mill Street Ter, Portland, OR 97201
Sarita Dua • Keller Williams Sunset Corridor
See all

Provided by Redfin

Sale history for 2938 SW 2nd Ave

Date

Event

Price

RMLS #23506400

May 30, 2024

Sold

$399,900

$132/sq ft

Apr 30, 2024

Pending

—

Apr 18, 2024

Relisted

—

Apr 16, 2024

Pending

—

Apr 9, 2024

Price Changed

$399,000

$131/sq ft

Feb 1, 2024

Price Changed

$450,000

$148/sq ft

Dec 15, 2023

Listed

$475,000

$156/sq ft

RMLS #20407453

Feb 20, 2020

Sold

$385,000

$127/sq ft

Jan 22, 2020

Pending

—

Jan 17, 2020

Listed

$360,000

$118/sq ft

+22

Opportunity knocks! This 1888 will shine with the right vision and some elbow grease. Enjoy a summer afternoon on the front porch overlooking Lair Hill Park. Main floor w/kitchen, living/dining space. 2nd floor w/ 2 bedrooms & spiral staircase leading to the glass cupola w/ amazing view of the surrounding area. Full basement for storage or potential additional living space w/ separate entrance. Extra deep second garage is unheard of! Home is sold "AS/IS' and seller to do no repairs.

Tax history for 2938 SW 2nd Ave

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

2,617 Sq. Ft.

Year renovated

1888

Sq. Ft.

1,184

Year built

1888

Style

Single Family Residential

County

Multnomah County

APN

R128863

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 15, 2026.

RM1

Residential Multi-Dwelling 1 Zone

The RM1 zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale to single-dwelling residential areas, such as the edges of mixed-use centers and civic corridors, and along or near neighborhood corridors. Allowed housing is characterized by one to three story buildings that relate to the patterns of residential neighborhoods, but at a somewhat larger scale and building coverage than allowed in the single-dwelling zones. The major types of new development will be duplexes, triplexes, rowhouses, courtyard housing, small apartment buildings, and other relatively small-scale multi-dwelling and small-lot housing types that are compatible with the characteristics of Portland's residential neighborhoods.

Permitted uses

Include but are not limited to:

Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior

Property details

Parking

Parking Information
Parking Features: Off Street
Parking Total: 2

Garage Information
Garage Type: Attached
Garage Spaces: 2
Has Attached Garage: Yes

Interior

Appliances
Hot Water Description: Gas

Interior Features
Optional Level Area Total: 62
Optional Level: Upper
Interior Features: Laundry
Fireplace YN: Yes
Fireplaces Total: 1
Fireplace Features: Wood Burning
Basement: Unfinished

Bathroom Information
Bathrooms Full: 2
Bathrooms Full Main Level: 1
Bathrooms Full Upper Level: 1
Bathrooms Total Integer: 2
Bathrooms Total Main Level: 1
Bathrooms Total Upper Level: 1
Baths Total: 2

Room 4 Information
Area: 63
Description: Laundry
Length: 9
Width: 7
Level: Main

Room 5 Information
Area: 943
Description: Storage
Length: 41
Width: 23
Level: Lower

Room 7 Information
Area: 243
Description: 2nd Bedroom
Length: 27
Width: 9
Level: Upper

Room 8 Information
Area: 80
Description: 3rd Bedroom
Length: 10
Width: 8
Level: Main

Room 9 Information
Area: 81
Description: Dining Room
Features Cont: Wood Floors
Length: 9
Width: 9
Level: Main

Room 10 Information
Area: 187
Description: Family Room
Length: 17
Width: 11
Level: Main

Room 11 Information
Area: 154
Description: Kitchen
Length: 14
Width: 11
Level: Main

Room 12 Information
Area: 182
Description: Living Room
Features: Fireplace
Length: 14
Width: 13
Level: Main

Room 13 Information
Area: 204
Description: Primary Bedroom
Length: 17
Width: 12
Level: Upper

Room 14 Information
Description: Great Room

Exterior

Exterior Features
Roof: Composition
Exterior Description: Lap Siding, Unreinforced Masonry Building

Lot Information
Lot Size Square Feet: 2,613
Lot Size Range: 0K to 2,999 SqFt
Lot Size Acres: 0.06
Lot Size: 0K to 2,999 SqFt
Lot Features: Corner Lot
Parcel Number: R128863
Road Surface Type: Paved

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Property Attached YN: No
Property Condition: Fixer
Upper Level Area Total: 874
Main Level Area Total: 1,171
Lower Level Area Total: 931
View YN: Yes
View Description: City, Territorial

Building Information
Year Built: 1888
Building Area Total: 3,039
Building Area Description: Floorplan
Building Area Calculated: 2,045
Foundation Details: Block

Financial

Tax Information
Tax Year: 2023
Tax Legal Description: CARUTHERS ADD, BLOCK 57, S 33 1/3' OF W 78 1/2' OF LOT 5
Tax Annual Amount: $5,459.69

Lease / Rent Information
Land Lease YN: No

Utilities

Utility Information
Green Certification YN: Yes
Fuel Description: Electricity, Gas
Water Source: Public Water
Sewer: Public Sewer

Heating & Cooling
Heating YN: Yes
Heating: Forced Air
Cooling YN: Yes
Cooling: Central Air

Location

School Information
Elementary School: Ainsworth
Middle Or Junior School: West Sylvan
High School: Lincoln

Location Information
Directions: Barbur Blvd, East on Hooker, South on 2nd to Property
Unparsed Address: 2938 SW 2ND AVE, Portland, OR 97201

Community Information
Senior Community YN: No
Zoning: RM1

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 1,184
Stories: 1.0
Lot Size: 2,617 square feet
Style: Single Family Residential
Year Built: 1888
Year Renovated: 1888
County: Multnomah County
APN: R128863

Home facts updated by county records on Jul 15, 2026

Other

Listing Information
MlsStatus: Sold

Listing Price Information
Price Type: List Price

New Construction Information
New Construction YN: No

Around this home

Schools

Ainsworth Elementary School

Public K-5 • Assigned • 1.1mi

9/10

West Sylvan Middle School

Public 6-8 • Assigned • 4.0mi

6/10

Lincoln High School

Public 9-12 • Assigned • 1.3mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 92° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

10/10 Air Factor

19 unhealthy days expected this year, 20 days in 30 years

Provided by First Street

Historical weather

Portland, OR • 97201

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.5 hours in June and 2 hours in December, placing it below the U.S. average for solar exposure.

9.5 hrs

2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$402,000 – $486,000

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Home values near 2938 SW 2nd Ave

Data from public records.

Address	Redfin Estimate
2906 Southwest 2nd Ave, Portland, OR 2 Beds \| 1 Baths \| 1298 Sq. Ft.	$454,148
2822 Southwest 2nd Ave, Portland, OR 4 Beds \| 2 Baths \| 2918 Sq. Ft.	$595,444

Address	Redfin Estimate
2930 Southwest 2nd Ave, Portland, OR 2 Beds \| 1 Baths \| 1880 Sq. Ft.	$383,839
2922 Southwest 2nd Ave, Portland, OR 2 Beds \| 2 Baths \| 2071 Sq. Ft.	$671,438

Address	Redfin Estimate
2826 Southwest 2nd Ave, Portland, OR 4 Beds \| 1 Baths \| 1874 Sq. Ft.	$582,370
26 Southwest Porter St, Portland, OR 3 Beds \| 1 Baths \| 1287 Sq. Ft.	$406,387

Property information provided by RMLS when last listed in 2023. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in Lair Hill, OR

Sale history for 2938 SW 2nd Ave

Tax history for 2938 SW 2nd Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 97201

Home values near 2938 SW 2nd Ave

More real estate resources