Local realty services provided by:Knipe Realty ERA Powered
640 SE 47th Ave,Portland, OR 97215
$699,900
- 3 Beds
- 2 Baths
- 2,294 sq. ft.
- Single family
- Active
Listed by: darryl bodle, kelly christian
Office: keller williams realty portland premiere
MLS#:387132670
Source:PORTLAND
Price summary
- Price:$699,900
- Price per sq. ft.:$305.1
About this home
A true hidden gem brimming with potential, perfectly positioned in the heart of Portland’s sought-after Sunnyside neighborhood—just half a block from Belmont Street’s most popular restaurants, cafés, and shops. Well suited for a residential buyer, remodeler, or investor looking for a value-add opportunity, this property with it’s extra deep 50’x180’ lot offers the chance to create something special in one of Southeast Portland’s most established and walkable areas. The existing home offers approximately 1,500 square feet of living space, plus a 792 square foot unfinished basement—providing a solid starting point for renovation and long-term improvement. Buyers may choose to retain the exceptionally large, extra-deep yard for a private urban oasis, or rest assured knowing there is meaningful upside potential for additional development. Further, the generous 50’ x 180’ lot spans approximately 9,000 square feet of valuable infill potential. Zoned R2.5, the property includes an existing home that can be remodeled, with the potential to add additional units or pursue development behind it to fully leverage the depth of the lot—or tear down and reimagine the site entirely. Opportunities of this scale, flexibility, and location are increasingly rare. With immediate access to some of Portland’s most loved dining, shopping, and neighborhood amenities, this is a compelling opportunity for buyers looking to invest, renovate, or build in the heart of Sunnyside. Buyer to do their own due diligence with the city regarding development.
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Home facts
- Year built:1905
- Listing ID #:387132670
- Added:1 day(s) ago
- Updated:January 30, 2026 at 10:22 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Living area:2,294 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1905
- Building area:2,294 sq. ft.
- Lot area:0.21 Acres
Schools
- High school:Franklin
- Middle school:Mt Tabor
- Elementary school:Glencoe
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$699,900
- Price per sq. ft.:$305.1
- Tax amount:$5,753 (2025)
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