Skip main navigation
Active
  • $625,000

    3718 SE 40th Ave, Portland, OR 97202

    4beds
    2,384sqft
    : 
    Multi Family
    Built in 1953
    -- sqft lot
    $-- Zestimate®
    $262/sqft
    $-- HOA

    What's special

    Private garagesOpen kitchenHardwood floorsGreat storage
    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.
    46 days
    on Zillow
    |
    1,500
    |
    103
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 01, 2025 at 01:49am

    Listed by:

    Doug Landers neportland@johnlscott.com,

    John L. Scott Portland Central,

    Maddie Landers 503-936-4961,

    John L. Scott Portland Central

    Source: RMLS (OR),MLS#: 494199141MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 3718 SE 40th Ave.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Dishwasher, Range, Refrigerator, Electric Water Heater
    • Laundry: Common Area, Washer Dryer Hookup
    Features
    • Basement: Unfinished,Storage Space
    Interior area
    • Total structure area: 2,384
    • Total interior livable area: 2,384 sqft

    Property

    Parking
    • Parking features: Garage, Off Street
    • Has garage: Yes
    Features
    • Stories: 1
    Lot
    • Size: 6,969.6 Square Feet
    • Features: SqFt 7000 to 9999
    Details
    • Parcel number: R328204
    • Zoning: R5

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Siding
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Year built: 1953

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: Laundry
    • Subdivision: Creston-Kenilworth
    Location
    • Region: Portland

    Financial & listing details

    • Price per square foot: $262/sqft
    • Annual tax amount: $7,960
    • Date on market: 6/19/2025
    • Listing terms: Cash,Conventional,VA Loan
    • Total actual rent: 1650
    • Road surface type: Paved
    • Loading
    • Loading