Motivated seller! Tucked into the Corbett/Terwilliger neighborhood just above John’s Landing, this turnkey 2-bedroom + den, 1.5-bath townhome blends comfort, functionality, and an ideal location with easy access to OHSU and downtown Portland.The main level features an open-concept layout that seamlessly connects the living room with its cozy gas fireplace to the dining area and kitchen, creating an inviting space for both everyday living and entertaining. Abundant natural light enhances the interior, while sliding access leads to one of two private decks. The lower deck opens to a charming garden area, offering a peaceful outdoor retreat. Upstairs, you’ll find two bedrooms, including a vaulted primary ensuite and a versatile second bedroom equipped with a Murphy bed, which is perfect for transforming the space into a guest room or home office. The lower-level den provides a bonus room with outdoor access to a small backyard.This home is truly move-in ready, featuring fresh interior paint, newer AC, updated exterior paint (2020), stainless steel appliances, and a stackable washer and dryer.Enjoy a low HOA and a walkable lifestyle, just moments from the popular restaurants and shops of John’s Landing, as well as the charm of the nearby Lair Hill neighborhood. Outdoor enthusiasts will appreciate being just blocks from Willamette Park and its scenic riverside trail, with the option to walk or bike all the way to downtown Portland’s waterfront. Offering a perfect balance of livability, location, and value, this home is an exceptional opportunity in one of Portland’s most connected communities. [Home Energy Score = 9. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10110218]
TownhomeProperty Type
2000Year Built
871 sq ftLot Size
$283Price/Sq.Ft.
$122/moHOA Dues
1 car garageParking
Listed by Suzanne Clark• Cascade Hasson Sotheby's International Realty
Listed by Wendy Foster• Cascade Hasson Sotheby's International Realty
Est. $2,439 per month, based on comparable rentals
Sale and tax history for 4934 SW 1st Ave
Sale History
Tax History
Date
Event
Price
RMLS #125265135
Oct 7, 2026
Sold
$366,000
$283/sq ft
Sep 15, 2026
Pending
—
May 27, 2026
Price Changed
$365,000
$283/sq ft
Mar 25, 2026
Listed
$375,000
$290/sq ft
RMLS #24196787
Nov 26, 2024
Sold
$395,000
$306/sq ft
Oct 29, 2024
Pending
—
Oct 16, 2024
Listed
$399,000
$309/sq ft
+36
Welcome to this stunning 2-bedroom + Den, 1.5-bath townhome, perfectly situated just above highly sought-after Johns Landing neighborhood. From the moment you step inside, you'll notice the careful attention to detail w/ designer touches at every corner. The freshly painted, open-concept living area w/ high ceilings &south facing windows flooding the room w/ natural light, features current palette laminate flooring, creating a modern & cohesive flow. Anchoring the space is a stylish fireplace, updated w/ elegant porcelain tile, framed mantel & flanked by lighted coves for shelving or art. Add in a private deck overlooking the trees & this living space will not disappoint. The kitchen, updated in 2022, offers a blend of style & functionality w/ granite countertops, new stainless appliances, raised eating bar & an adjacent dining area that opens up to the living space for seamless entertaining. Upstairs, the updates continue. The vaulted primary suite is a peaceful retreat, featuring a recently refreshed bathroom w/ sleek porcelain tile floors, new toilet & moldings. The second bedroom w/ (negotiable) Murphy Bed / desk brings versatility for WFH space/guests. While the lower level den/flex space brings an array of options for work or workout, or quiet getaway w/ slider to the backyard. For added convenience, the home includes a new washer and dryer, so you can settle in without worry. Outside, the exterior was freshly painted in 2020 and plenty of parking options including the driveway or on the private drive—reserved for owners & guests only for this section of townhomes. As for location, it doesn't get better! A quick stroll to any one of the beloved neighborhood eateries in John's Landing, or explore the nearby historic Lair Hill neighborhood for even more. Plus, just blocks away, find a scenic paved trail at Willamette Park. Bordering the Willamette River, access sandy beaches or walk/bike the trail all the way to downtown Portland's waterfront. [Home Energy Score = 9. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10110218]
RMLS #20413791
Jun 8, 2020
Sold
$336,400
$260/sq ft
Apr 30, 2020
Pending
—
Apr 16, 2020
Price Changed
$333,900
$258/sq ft
Mar 19, 2020
Price Changed
$343,900
$266/sq ft
Mar 6, 2020
Listed
$348,900
$270/sq ft
Sophisticated two bedroom, one and one-half bath townhome with 1,292 square feet of living space. Light and bright great room floor plan. Living room with large picture windows, built-in cabinetry, and a cozy gas fireplace. Gourmet kitchen with a gas cooktop and hardwood floors. Two bedrooms upstairs with vaulted ceilings. Great flex space, bonus room off the garage. Located, conveniently in SW Portland, minutes from Downtown and Johns Landing!
Public Records
Jan 28, 2020
Sold
$334,500
$259/sq ft
Public Records
Feb 18, 2010
Sold
$190,000
$147/sq ft
Public Records
Oct 2, 2003
Sold
$169,500
$131/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,045 (−0.9%)
2024
$7,106 (−2.1%)
2023
$7,261 (+1.8%)
2022
$7,135 (+10.0%)
2021
$6,484 (+7.1%)
2020
$6,052 (−0.2%)
2019
$6,063 (+0.8%)
2018
$6,016 (+4.3%)
2017
$5,765 (+9.3%)
2016
$5,276 (+11.0%)
2015
$4,753 (+11.0%)
2014
$4,281 (+11.2%)
2013
$3,851 (+14.3%)
2012
$3,369 (+1.3%)
2011
$3,327 (−17.2%)
2010
$4,018 (+2.8%)
2009
$3,908
Public record
Public record
Zoning
Permits
Beds
2
Baths
1.5
Stories
2
Lot width
—
Lot depth
—
Lot size
981 Sq. Ft.
Year renovated
2000
Sq. Ft.
1,292
Year built
2000
Style
Single Family Residential
County
Multnomah County
APN
R285473
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 14, 2026.
RM1
C
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.
Zone overlays
Environmental Conservation Overlay Zone
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
May 15, 2000 • Final
Electrical
Install low voltage wiring for a heating and air conditioning system.
Electrical
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.