3718 SE 40th Ave, Portland, OR 97202

Local realty services provided by:Knipe Realty ERA Powered
3718 SE 40th Ave,Portland, OR 97202
$625,000
  • - Beds
  • - Baths
  • 2,384 sq. ft.
  • Multi-family
  • Pending
Listed by: doug landers, maddie 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:147 day(s) ago
  • Updated:November 14, 2025 at 08:39 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)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: November 14, 2025

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