640 SE 47TH AVE

Fixer opportunity in the heart of Portland’s Sunnyside neighborhood, well suited for a residential buyer looking to renovate and add long-term value in one of Southeast Portland’s most established and walkable areas. This 1905-built home offers approximately 1,500 square feet of living space plus a 792 square foot unfinished basement, providing a versatile foundation for thoughtful updates, reconfiguration, or future expansion. The existing scale and layout create an excellent opportunity to restore early-20th-century character while integrating modern functionality tailored to today’s lifestyle. Zoned R2.5, the property may also appeal to buyers interested in future flexibility beyond a traditional remodel, subject to buyer due diligence and City approvals. Located just blocks from the Belmont and Hawthorne corridors, the home enjoys close proximity to popular neighborhood destinations including St. Honoré Boulangerie, Laurelhurst Theater, The Vern, and a wide selection of local coffee shops, dining options, and everyday services. Nearby green spaces such as Sewallcrest Park and Laurelhurst Park provide outdoor amenities that further enhance the neighborhood’s livability. The home’s classic architecture is ready for a purposeful refresh, while the full unfinished basement offers additional space for storage, mechanical upgrades, or potential future finished use. A compelling opportunity for owner-occupants seeking a renovation project that combines location, character, and the ability to build meaningful equity in the Sunnyside neighborhood.