2333 SE 40TH AVE new Save Request In-Person Tour Request Virtual Tour
Portland,OR 97214
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,540 sqft
Price per Sqft $206
Subdivision Richmond
MLS Listing ID 334948615
Style Bungalow
Bedrooms 3
Full Baths 1
Year Built 1942
Annual Tax Amount $5,300
Tax Year 2024
Lot Size 5,227 Sqft
Property Sub-Type Single Family Residence
Property Description
Bring your vision to life in this classic 2,540 sq ft bungalow, ideally situated on an oversized corner lot in one of SE Portland's most desirable neighborhoods. Just blocks from the energy of Division, Hawthorne, and Clinton, this property offers a rare opportunity with incredible potential. The main floor features two bedrooms, a full bath, original hardwood floors, a cozy fireplace, and a charming kitchen with an inviting eat-in nook. Upstairs, a third bedroom awaits your creative touch, while the expansive unfinished basement provides ample space for additional living area, storage, or future development.Outside, a detached garage offers off-street parking or the perfect opportunity for an ADU conversion. Zoned R2.5, the lot allows for up to four units—making this an exceptional project for developers, builders, or investors seeking flexibility and upside. Whether you're looking to renovate, expand, or completely reimagine the space, the possibilities here are as exciting as the location itself. Buyer to conduct due diligence. Don't miss this rare chance to create value in the heart of Portland's vibrant inner eastside. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239426]
Location
State OR
County Multnomah
Area _143
Zoning R2.5
Rooms
Basement Unfinished
Interior
Interior Features Laundry, Washer Dryer, Wood Floors
Heating Forced Air
Fireplaces Number 1
Fireplaces Type Wood Burning
Exterior
Parking Features Detached
Garage Spaces 1.0
Roof Type Composition
Garage Yes
Building
Lot Description Level
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Glencoe
Middle Schools Mt Tabor
High Schools Franklin
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://my.matterport.com/show/?m=sZvLbpQaTn2&brand=0&mls=1&