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.
Active
$625,000
3718 SE 40th Ave, Portland, OR 97202
4beds
2,384sqft
Est.:
Multi Family
Built in 1953
-- sqft lot
$-- Zestimate®
$262/sqft
$-- HOA
What's special
Private garagesOpen kitchenHardwood floorsGreat storage
- 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#: 494199141

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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
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