5523 SE 40TH AVE Portland, OR $ 525,000
5523 SE 40TH AVE
$ 525,000
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5523 SE 40TH AVE

Portland, OR, 97202
$ 525,000
Bedrooms2 Baths2.0 Sq 1,526

Monthly Estimate*

$ 3,315

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Single Family Home for sale in Portland, OR

for $525,000 with 2 bedrooms and 2 full baths. This 1,526 square foot home was built in 1920 on a lot size of 0.12.

Uniquely designed and incredibly chic European inspired "cabin-style" 1 bedroom home with additional 1 bedroom newly renovated living unit offering extra income opportunity! This super cool home feels like your own private tree-house with ultra-privacy and West Hills sunset views! An array of windows and skylights flood the home with natural light, and the mantled fireplace brings cozy warm winter nights to life! Located on a quiet and lush dead-end street in the coveted and conveniently close-in Woodstock/Reed College neighborhood. The huge attached covered decks on each floor offer valuable and fun year-round outdoor living space options. The main home features high vaulted natural-wood ceilings with skylights throughout to give this home hard to match bright and airy environment. Outstanding custom built-ins galore allow ultimate personalization and storage options throughout the home. A very bright and open-air kitchen is loaded with cabinet and pantry storage, and maximum counter top space with eating bar that is ideal for cooking and gathering. Beautiful ceramic tile and granite kitchen countertops and tiled bathtub/shower add even more custom appeal. The 1 bedroom living space in the walk-out lower level was newly constructed in 2025 with a current $1,700 month-to-month rental income. Other recent upgrades include a mini-split HVAC in 2023, new roof in 2023, new sewer line in 2022, and a new radon system in 2024. All Appliances, including a Wolf Professional Gas Range, are being offered with the home as well! This is truly unique and rare gem of a home awaits you!

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Single Family Active

Price

$ 525,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 5,142

Style

Cabin,DaylightRanch

Lot Size

0.12

Year Built

1920

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

497514717

Features
Interior
Interior Amenities CeilingFan HighCeilings Laundry SeparateLivingQuartersApartmentAuxLivingUnit Skylight TileFloor VaultedCeiling WasherDryer
Basement ExteriorEntry Finished SeparateLivingQuartersApartmentAuxLivingUnit
Total Fireplaces 1
Fireplace Features WoodBurning
Hot Water Gas
Window Features AluminumFrames DoublePaneWindows
Total Bathrooms 2.0
Total Bedrooms 2
Total Baths 2
1/2 Baths 0
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General
Sewer PublicSewer
Heating ForcedAir
Cooling MiniSplit
Roof Composition
Appliances Dishwasher FreeStandingGasRange FreeStandingRange FreeStandingRefrigerator GasAppliances Pantry SolidSurfaceCountertop StainlessSteelAppliance Tile
Garage Spaces 0
Architectural Style Cabin DaylightRanch
Year Built 1920
Stories Count 2
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number R312831
County Multnomah
Property Type Residential
HOA N
Full Baths 2
Status Active
Directions Harold Street/ 41st Ave or Cesar Chavez Blvd to Harold then to 40th Ave South to property
High School Cleveland
City Portland
Disclosures Disclosure
MLS Area _143
Lot Size Square Feet 5227.0
Listing Terms Cash Conventional
Elementary School Woodstock
Tax Annual Amount 5142.98
Middle/Junior High School Lane
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description WOODSTOCK BLOCK 66 N 50' OF LOT 2
ADU False
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Exterior
Exterior Amenities CoveredDeck CoveredPatio Deck Garden GuestQuarters SecondResidence Yard
Parking Features OnStreet
Lot Features Bluff GentleSloping Secluded Trees
Water Source PublicWater
Total Parking 0
Exterior Description Cedar ShingleSiding
Foundation Details ConcretePerimeter
Building Area Total 1526.0
Lot Dimensions 5 000 sf
Lot Size Acres 0.12
Road Surface Type Paved
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Internal Only
Street Number 1 5523
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* Excluded Features
List By
More Realty

Broker

503-475-7423

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Affordability Calculator

$3,743
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,315
Monthly Property Taxes
$429
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
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Nearby
1949320 Elementary School
1949461 Middle School
Cleveland High School High School
Pricing History
DatePricePrice ChangeDescription
9/2/2026$525,000 Listed Price

Map


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5523 SE 40TH AVE, Portland, OR, 97202 is a Single Family Home for sale at $525,000 with 1,526 sqft and a lot size of 0.12. 5523 SE 40TH AVE has 2 bedrooms, 2.0 baths, and was built in 1920. The property's zip code is 97202 which is in Portland, OR