Recently Listed New ConstructionOpen House 9/5 1pm - 3pm
3948 SE IVON ST
Portland, OR, 97202 $ 429,900
Bedrooms2 Baths2.1 Sq 869 Monthly Estimate*
$ 2,714
for $429,900 with 2 bedrooms and 2 full baths, 1 half bath. This 869 square foot townhouse was built in 2026.
Welcome to this beautifully crafted new construction townhome in SE Portland—NO HOA! This thoughtfully designed two-level home combines modern finishes with comfortable, functional living spaces without the added cost of monthly HOA dues. The main level features durable LVP flooring and an inviting open layout. The kitchen shines with quartz countertops, a spacious island with eatbar, and stainless steel appliances. The dining area features sliding doors opening to the backyard, creating a seamless connection to outdoor living. Convenient in-home laundry adds to the functionality. Upstairs, both bedrooms offer wall-to-wall carpeting, generous walk-in closets, and private ensuite bathrooms. At the top of the home, a versatile attic space with vaulted ceilings and a huge skylight fills the area with abundant natural light—perfect for storage, an office, hobby area, or flex space. Outside, enjoy a fully fenced yard and patio for relaxing or entertaining.Built for comfort, performance, and energy savings, this Energy Trust of Oregon EPS Certified and ENERGY STAR® certified home is designed to be approximately 27–30% more energy efficient than homes built to current Oregon code. Features include a tight building envelope, R-23 blown-in fiberglass wall insulation, high-efficiency ductless heat pumps, ENERGY STAR® appliances, a high-efficiency heat pump water heater, and an ERV system that continuously supplies fresh outdoor air while improving indoor air quality. ENERGY STAR® bath fans and third-party inspections further support efficiency and quality. This all-electric, solar-ready home offers lower utility costs, modern energy-efficient systems, and low-maintenance living. New construction, private outdoor space, two ensuite bedrooms, and NO HOA make this an exceptional SE Portland opportunity very close to Division and local attractions!
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Open House
9/5/2026 1:00 PM - 3:00 PM
9/6/2026 12:00 PM - 2:00 PM
3948 SE IVON ST Portland, OR
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesInteriorInterior Amenities HighCeilings HookupAvailable Laundry LuxuryVinylPlank Quartz TileFloor WalltoWallCarpet
Basement CrawlSpace
Hot Water ENERGYSTARQualifiedEquipment Tank
Window Features DoublePaneWindows VinylFrames
Total Bathrooms 2.1
Total Bedrooms 2
Total Baths 3
1/2 Baths 1
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GeneralSewer PublicSewer
Heating ENERGYSTARQualifiedEquipment HeatPump
Cooling HeatPump MiniSplit
Roof Composition
Appliances Dishwasher Disposal ENERGYSTARQualifiedAppliances FreeStandingRange Microwave PlumbedForIceMaker Quartz SolidSurfaceCountertop StainlessSteelAppliance
Garage Spaces 0
Architectural Style Stories2 Townhouse
Year Built 2026
Stories Count 2
Property Subtype Attached
Warranty BuilderWarranty
Parcel Number New Construction
Accessibility AccessibleApproachwithRamp NaturalLighting
County Multnomah
Property Type Residential
HOA N
Full Baths 2
Status Active
Directions From SE Division St south on SE Cesar E. Chavez Blvd east on SE Ivon St. Property on right
High School Franklin
City Portland
Disclosures Disclosure
MLS Area _143
Listing Terms Cash Conventional FHA VALoan
Elementary School Creston
Tax Annual Amount 0
Middle/Junior High School Hosford
Property Condition NewConstruction
Virtual Tour https://youtu.be/VYqKKbCrXMI
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description RICHMOND ADD BLOCK 5 W 33 1/3' OF LOT 9
ADU False
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ExteriorExterior Amenities CoveredPatio DogRun Fenced Patio Porch Yard
Parking Features OnStreet
Lot Features Level
Water Source PublicWater
Total Parking 0
Exterior Description BoardBattenSiding CementSiding LapSiding TongueandGroove
Foundation Details ConcretePerimeter StemWall
Building Area Total 869.0
Road Surface Type Paved
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* Excluded FeaturesList Byvince@matinrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,714
- Monthly Property Taxes
- --
- 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.
Learn more about how to save NearbyTownhouse listings in Portland, OR
Average List Price $476,907
Percent of Sale Price 11%
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.
1949127 Elementary School
3315116 Middle School
Franklin High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/4/2026 | $429,900 | | Listed Price |