Exciting Residential, Commercial, Investment Opportunity in Raleigh Hills! Unlock the potential of this prime location property, ideally situated in the bustling heart of Raleigh Hills. Originally a residential home, this property has been re-zoned as CO(Commercial Office), offering a wealth of opportunities for savvy investors and entrepreneurs. Built in 1948, this unique property features a generous 1,414 sq ft on the main floor, complemented by an expansive 1,170 sq ft unfinished basement ready to be transformed to suit your business needs. The main level boasts custom wood floors, classic built-ins, a cozy fireplace, and a full kitchen, along with two bedrooms and one bathroom, providing an adaptable space ideal for offices, boutique shops, or service businesses. Imagine the possibilities in the spacious basement, which includes an additional fireplace, perfect for a large workspace, conference area, or ample storage solutions for your growing business. Set on a .18-acre lot, this property includes a detached garage with multiple parking spaces and additional street parking. This property is being offered in AS-IS condition, inviting you to bring your vision and creativity to reinvent this space. Whether you're looking to establish a new business or expand an existing one, this location offers unparalleled potential. Now available for the first time as a commercial opportunity, don't miss your chance to develop your dream business in a superb location. What is your vision? Start shaping your future in Raleigh Hills today!
Active
Price cut: $50K (7/28)
$400,000
4575 SW Dogwood Ln, Portland, OR 97225
2beds
2,584sqft
Est.:
Residential, Single Family Residence
Built in 1948
7,840.8 Square Feet Lot
$-- Zestimate®
$155/sqft
$-- HOA
What's special
Cozy fireplaceClassic built-insFull kitchenSpacious basementCustom wood floors
- 58 days
- on Zillow |
- 1,913 |
- 146 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: August 07, 2025 at 07:30pm
Listed by:
Matthew Speight 503-849-0307,
Keller Williams Sunset Corridor,
Heather Speight 503-849-0092,
Keller Williams Sunset Corridor
Source: RMLS (OR),MLS#: 538580582

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: EatingArea, Bedroom 2, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Hardwood Floors
- Level: Main
- Area: 187
- Dimensions: 11 x 17
Bedroom 2
- Features: Ceiling Fan, Hardwood Floors
- Level: Main
- Area: 140
- Dimensions: 14 x 10
Dining room
- Features: Hardwood Floors
- Level: Main
- Area: 130
- Dimensions: 13 x 10
Kitchen
- Level: Main
- Area: 143
- Width: 11
Living room
- Features: Fireplace, Hardwood Floors
- Level: Main
- Area: 300
- Dimensions: 20 x 15
Heating
- Forced Air, Fireplace(s)
Cooling
- None
Appliances
- Included: Free-Standing Range, Electric Water Heater, Tank Water Heater
Features
- Ceiling Fan(s)
- Flooring: Hardwood
- Doors: Sliding Doors
- Windows: Wood Frames
- Basement: None
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,584
- Total interior livable area: 2,584 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Detached
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered Patio
- Exterior features: Yard
- Has view: Yes
- View description: Territorial
Lot
- Size: 7,840.8 Square Feet
- Features: Gentle Sloping, Level, SqFt 7000 to 9999
Details
- Parcel number: R94267
- Zoning: OC
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Security System
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $155/sqft
- Tax assessed value: $303,000
- Annual tax amount: $2,613
- Date on market: 6/11/2025
- Listing terms: Cash
- Road surface type: Paved
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