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$525,000
1 Day On Site

2333 SE 40TH AVE
Portland, OR 97214

For Sale|Single Family Residence|Active
3
Beds
2
Total Baths
1
Full Bath
1
Partial Bath
2,540
SqFt
$207
/SqFt
1942
Built
Subdivision:
RICHMOND
County:
Multnomah
Listing courtesy of Jennifer O'Brien of Living Room Realty 3129657519
Call Now: 971-804-4618
Is this the listing for you? We can help make it yours.
971-804-4618
2333 SE 40TH AVE2333 SE 40TH AVE2333 SE 40TH AVE2333 SE 40TH AVE
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Monthly Payment (Est.)

$2,395
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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]

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Listing Snapshot
Price 
$525,000
Days On Site 
1 Day
Bedrooms 
3
Inside Area (SqFt) 
2,540 sqft
Total Baths 
2
Full Baths 
1
Partial Baths 
1
Lot Size 
0.12 Acres
Year Built 
1942
MLS® Number 
334948615
Status 
Active
Property Tax 
$5,300.76
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
0.12
Disclosures 
Disclosure
Garage 
Yes
Garage Spaces 
1
Number Of Stories 
3
Parking 
Detached
Parking Spaces 
1
Property Condition 
Fixer
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
SqFt Total 
2540
Style 
Bungalow
Water Source 
Public
Zoning 
R2.5
Interior Features
Appliances 
Gas Water HeaterWasherDryer
Basement 
Unfinished
Fireplace 
Yes
Fireplace Features 
Wood Burning
Fireplaces 
1
Flooring 
Wood
Heating 
Forced Air
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Exterior Features
Lot Features 
Level
Roof 
Composition
Community Features
Financing Terms Available 
Cash
MLS Area 
_143
Roads 
Paved
Schools
School District
Unknown
Elementary School
Glencoe
Middle School
Mt Tabor
High School
Franklin
Listing courtesy of Jennifer O'Brien of Living Room Realty 3129657519

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The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

Last checked 2025-07-09 08:15 PM PDT.

All information provided is deemed reliable but is not guaranteed and should be independently verified

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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