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Pending
  • Price cut: $30K (8/14)
    $495,000

    2333 SE 40th Ave, Portland, OR 97214

    3beds
    2,540sqft
    : 
    Residential, Single Family Residence
    Built in 1942
    5,227.2 Square Feet Lot
    $-- Zestimate®
    $195/sqft
    $-- HOA

    What's special

    Cozy fireplaceExpansive unfinished basementOriginal hardwood floorsCharming kitchenOff-street parkingDetached garageInviting eat-in nook
    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]
    49 days
    on Zillow
    |
    2,169
    |
    147
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: August 19, 2025 at 08:37am

    Listed by:

    Jennifer O'Brien 312-965-7519,

    Living Room Realty,

    Kat Gilpatrick 415-260-2479,

    Living Room Realty

    Source: RMLS (OR),MLS#: 334948615MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • Partial bathrooms: 1
    • Main level bathrooms: 1
    Rooms
    • Room types: EatingArea, Storage, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
    Primary bedroom
    • Level: Main
    • Area: 144
    • Dimensions: 12 x 12
    Bedroom 2
    • Level: Main
    • Area: 108
    • Dimensions: 9 x 12
    Bedroom 3
    • Level: Upper
    • Area: 372
    • Dimensions: 12 x 31
    Dining room
    • Level: Main
    • Area: 143
    • Dimensions: 13 x 11
    Kitchen
    • Level: Main
    • Area: 108
    • Width: 9
    Living room
    • Level: Main
    • Area: 216
    • Dimensions: 18 x 12
    Heating
    • Forced Air
    Appliances
    • Included: Washer/Dryer, Gas Water Heater
    • Laundry: Laundry Room
    Features
    • Flooring: Wood
    • Basement: Unfinished
    • Number of fireplaces: 1
    • Fireplace features: Wood Burning
    Interior area
    • Total structure area: 2,540
    • Total interior livable area: 2,540 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 1
    • Parking features: Detached
    • Garage spaces: 1
    Features
    • Stories: 3
    Lot
    • Size: 5,227.2 Square Feet
    • Features: Level, SqFt 5000 to 6999
    Details
    • Parcel number: R184107
    • Zoning: R2.5

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow
    • Property subtype: Residential, Single Family Residence
    Materials
    • Vinyl Siding
    • Roof: Composition
    Condition
    • Fixer
    • New construction: No
    • Year built: 1942

    Utilities & green energy

    • Gas: Gas
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Richmond
    HOA
    • Has HOA: No
    Location
    • Region: Portland

    Financial & listing details

    • Price per square foot: $195/sqft
    • Tax assessed value: $598,700
    • Annual tax amount: $5,300
    • Date on market: 7/8/2025
    • Listing terms: Cash,Conventional
    • Road surface type: Paved
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