3718 SE 40th Ave, Portland, OR 97202

Local realty services provided by:Columbia River Realty ERA Powered
#1#2#3
3718 SE 40th Ave,Portland, OR 97202
$625,000
  • - Beds
  • - Baths
  • 2,384 sq. ft.
  • Multi-family
  • Active
Listed by:doug landers
Office:john l. scott portland central
MLS#:494199141
Source:PORTLAND

Price summary

  • Price:$625,000
  • Price per sq. ft.:$262.16

About this home

Prime investment opportunity on a classic inner city Portland Duplex. One Vacant Unit. New roof and exterior paint in 2024 and new furnace in 2016. Two bedroom, one bath units with hardwood floors throughout, open kitchen, great storage and bonus space with high ceilings in the basement and private garages. Owner occupied option available or rent both units as this property delivers an attractive 5.5 cap rate. Close to shopping, entertainment, local Creston and Kenilworth Parks and located a half block from mass transit for easy movement throughout the city.

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Home facts

  • Year built:1953
  • Listing Id #:494199141
  • Added:56 day(s) ago
  • Updated:August 14, 2025 at 11:13 AM

Rooms and interior

  • Living area:2,384 sq. ft.

Heating and cooling

  • Cooling:Window Unit
  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1953
  • Building area:2,384 sq. ft.
  • Lot area:0.16 Acres

Schools

  • High school:Franklin
  • Middle school:Kellogg
  • Elementary school:Creston

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$625,000
  • Price per sq. ft.:$262.16
  • Tax amount:$7,961 (2024)
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