4825 NE 40TH AVE
Portland, OR, 97211 $ 550,000
Bedrooms2 Baths1.1 Sq 1,718 Monthly Estimate*
$ 3,386
for $550,000 with 2 bedrooms and 1 full bath, 1 half bath. This 1,718 square foot home was built in 1942 on a lot size of 0.12.
Set on a quiet, tucked-away street in the heart of the Alberta Arts neighborhood, this 1940s charmer blends timeless character with thoughtful updates and beautiful natural light throughout. Inside, the home feels warm and welcoming, with coved ceilings, picture rail molding, hardwood floors, and a classic fireplace. Large windows fill the space with light, while the open living, dining, and kitchen areas make everyday living and entertaining feel easy and connected. Recent updated include fresh interior paint, beautifully refinished oak floors, a new high-efficiency furnace and A/C, and updated kitchen appliances. Flexible spaces throughout offer endless possibilities. Large “room” behind the extra-deep garage has been used as an art studio with beautiful north-facing light and could also serve as a workshop, gym, home office, or additional parking. The full basement is bright, dry, and comfortable year-round, offering great potential for future expansion- more bedrooms, a home office, creative space, or ADU. The backyard is a true sanctuary—private, peaceful, and surrounded by mature landscaping. Heritage roses, blooming camellias, and a stunning native dogwood create a lush setting, while garden beds offer space to grow flowers and vegetables. A sweet garden shed and Japanese-style fence add to the charm. Step out your front door and you’re just moments from Alberta, 42nd, New Seasons, Pizza Jerk, Oakshire Brewing, and neighborhood parks. All of this on a peaceful non-through street with a strong sense of community, an annual block party, and a beloved little free library out front. Welcome home.
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FeaturesInteriorInterior Amenities HardwoodFloors WasherDryer
Basement FullBasement
Total Fireplaces 1
Fireplace Features WoodBurning
Hot Water Electricity
Total Bathrooms 1.1
Total Bedrooms 2
Total Baths 2
1/2 Baths 1
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GeneralSewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Appliances Dishwasher FreeStandingGasRange FreeStandingRefrigerator
Garage Spaces 1.0
Architectural Style Stories2
Year Built 1942
Stories Count 2
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number R171103
County Multnomah
Property Type Residential
HOA N
Full Baths 1
Status Pending
Directions Alberta Court to NE 40th
High School Leodis McDaniel
City Portland
Disclosures Disclosure
MLS Area _142
Lot Size Square Feet 5227.0
Listing Terms Cash Conventional FHA
Elementary School Vernon
Tax Annual Amount 5304.64
Middle/Junior High School Vernon
Property Condition Resale
High School 2 Jefferson
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description GOING ST ADD BLOCK 3 LOT 3
ADU False
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ExteriorExterior Amenities Fenced Garden ToolShed Yard
Parking Features Driveway OnStreet
Lot Features Level Private
Water Source PublicWater
Total Parking 1.0
Garage Type Attached
Exterior Description VinylSiding
Building Area Total 1718.0
Lot Dimensions 50 x 100
Lot Size Acres 0.12
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* Excluded FeaturesList ByWindermere Realty TrustBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,386
- Monthly Property Taxes
- $442
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Portland, OR
Average List Price $734,376
Percent of Sale Price 34%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
5375103 Elementary School
5375102 Middle School
Leodis McDaniel High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/2/2026 | $550,000 | | Listed Price |