2333 SE 40TH AVE
Portland, OR, 97214 $ 815,000
Bedrooms4 Baths2.0 Sq 2,540 Monthly Estimate*
$ 5,629
for $815,000 with 4 bedrooms and 2 full baths. This 2,540 square foot home was built in 1942 on a lot size of 0.12.
Ideally located in the heart of Richmond, just moments from the vibrant Division and Hawthorne districts, this extensively remodeled home offers the perfect balance of Portland character and modern updates. Expansive black-framed windows fill the home with natural light, while original hardwood floors and an arched opening from the living to dining preserve the warmth of the main level. Overlooking the backyard, the beautifully remodeled open kitchen features ceiling-height cabinetry, granite counters, a breakfast nook, entertainer’s island, abundant storage, and seamless flow into the living and dining areas. The upper primary bedroom features a skylight and walk-in closet, with potential to create a private ensuite bath. The fully finished lower level adds an entirely different dimension to the home with a family room, wet bar, full bathroom, egress window, generous storage, fourth bedroom or flex space, separate entrance, and a second laundry area. The layout offers incredible versatility for multigenerational living, guests, work-from-home space, hobbies, or additional living and entertaining. Outside, a fenced backyard and gated off-street parking provide room for multiple vehicles, an RV, boat, or recreational equipment—an uncommon find in this neighborhood. R2.5 zoning, a spacious corner lot, and city-approved plans for a detached two-car garage with future upper-level living space create even more possibilities, including potential ADU and additional development options (buyer to perform all due diligence). Just minutes from neighborhood parks, Mount Tabor, and the restaurants, shops, coffee, and energy of Division and Hawthorne, this is a rare opportunity to enjoy the timeless appeal and vibrant lifestyle of one of Portland's most desirable neighborhoods. Walk Score 92, Bike Score 99. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239426]
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Single Family ActiveBungalow,MidCenturyModern
FeaturesInteriorInterior Amenities ConcreteFloor DualFlushToilet Granite HardwoodFloors Laundry Quartz Skylight TileFloor WalltoWallCarpet WoodFloors
Basement ExteriorEntry Finished FullBasement
Total Fireplaces 2
Fireplace Features WoodBurning
Hot Water Gas
Window Features DoublePaneWindows VinylFrames
Total Bathrooms 2.0
Total Bedrooms 4
Total Baths 2
1/2 Baths 0
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GeneralSewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Appliances CookIsland Dishwasher Disposal DownDraft FreeStandingGasRange FreeStandingRefrigerator GasAppliances Granite Island Pantry PlumbedForIceMaker PotFiller RangeHood StainlessSteelAppliance Tile
Zoning R2.5
Garage Spaces 0
Architectural Style Bungalow MidCenturyModern
Year Built 1942
Stories Count 3
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number R184107
Accessibility MainFloorBedroomBath MinimalSteps NaturalLighting Parking WalkinShower
County Multnomah
Property Type Residential
HOA N
Subdivision Name RICHMOND / DIVISION
Full Baths 2
Status Active
Directions SE Cesar Chavez to SE Caruthers to SE 40th
High School Franklin
City Portland
Disclosures Disclosure
MLS Area _143
Lot Size Square Feet 5227.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Glencoe
Tax Annual Amount 5498.34
Middle/Junior High School Mt Tabor
Property Condition UpdatedRemodeled
Virtual Tour https://my.matterport.com/show/?m=MRB4uA9edMA&mls=1
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description HOWES ADD BLOCK 3 LOT 6
ADU False
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ExteriorExterior Amenities Fenced Patio RVParking RVBoatStorage Yard
Parking Features Driveway RVAccessParking
Lot Features Gated Level
Water Source PublicWater
Total Parking 0
Exterior Description LapSiding
Foundation Details ConcretePerimeter
Building Area Total 2540.0
Lot Size Acres 0.12
Road Surface Type Paved
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* Excluded FeaturesList ByPremiere Property Group, LlcBroker
kristina@yourlifestyleliving.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,629
- Monthly Property Taxes
- $458
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 $737,110
Percent of Sale Price 10%
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.
1951009 Elementary School
1948940 Middle School
Franklin High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/16/2026 | $815,000 | -1.21% | Price Down |
| 9/4/2026 | $825,000 | | Listed Price |