Recently Listed New ConstructionOpen House 9/5 1pm - 3pm
3940 SE IVON ST
Portland, OR, 97202 $ 1,619,600
Bedrooms7 Baths11.0 Sq 3,300 Monthly Estimate*
$ 10,226
for $1,619,600 with 7 bedrooms and 11 full baths. This 3,300 square foot home was built in 2026.
Rare new construction multifamily opportunity in SE Portland! This thoughtfully designed four-unit property offers modern construction, quality finishes, energy-efficient systems, and desirable features throughout, making it an excellent opportunity for investors or owner-occupants. Each residence features a functional two-level layout with stylish LVP flooring on the main level, contemporary kitchens with quartz countertops, islands/eatbars, stainless steel appliances, and convenient in-home laundry. Upper levels offer comfortable bedrooms with wall-to-wall carpeting, generous walk-in closets, and well-appointed bathrooms, including private ensuites in select units. Dining areas feature sliding doors opening to private outdoor spaces, while fully fenced yards and patios provide valuable outdoor living space. An impressive attic area with vaulted ceilings and a large skylight adds versatility and natural light.Built for comfort, performance, and energy savings, these Energy Trust of Oregon EPS Certified and ENERGY STAR® certified homes are 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 blanket fiberglass wall insulation, high-efficiency ductless heat pumps, ENERGY STAR® appliances, a high-efficiency heat pump water heater, and an Energy Recovery Ventilation (ERV) system that continuously supplies fresh outdoor air while improving indoor air quality. ENERGY STAR® bath fans provide quiet operation, while third-party inspections and performance testing help ensure efficiency and quality. All-electric and solar-ready, these homes offer lower utility costs, modern energy-efficient systems, private outdoor areas, and low-maintenance living in a thoughtfully designed new construction community. Buyer to verify all information, dimensions, permits, zoning, and applicable development requirements. 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
3940 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
FeaturesGeneralSewer PublicSewer
Heating ENERGYSTARQualifiedEquipment HeatPump
Cooling HeatPump MiniSplit
Roof Composition
Zoning R
Year Built 2026
Stories Count 2
Parcel Number New Construction
Gross Income 0
County Multnomah
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
HOA N
Rent Includes None
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
Number Of Units Total 4
MLS Area _143
Listing Terms Cash Conventional FHA VALoan
Elementary School Creston
Tax Annual Amount 433.26
Middle/Junior High School Hosford
Property Condition NewConstruction
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description RICHMOND ADD BLOCK 5 W 33 1/3' OF LOT 9
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InteriorStorage Attic
Hot Water ENERGYSTARQualifiedEquipment Tank
Unit 1 Baths Total 3
Unit 1 Beds Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 1
Unit 3 Baths Total 3
Unit 3 Beds Total 2
Unit 4 Baths Total 3
Unit 4 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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ExteriorLot Features Level
Water Source PublicWater
Exterior Description WoodSiding
Building Area Total 3300.0
Road Surface Type Paved
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* Excluded FeaturesList Byvince@matinrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,226
- Monthly Property Taxes
- $36
- 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 NearbyMulti-family listings in Portland, OR
Average List Price $1,606,971
Percent of Sale Price 1%
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 | $1,619,600 | | Listed Price |