10244 SW 40TH AVE Portland, OR $ 575,000
10244 SW 40TH AVE
$ 575,000
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10244 SW 40TH AVE

Portland, OR, 97219
$ 575,000
Bedrooms5 Baths3.0 Sq 2,300

Monthly Estimate*

$ 3,971

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Multi-Family Home for sale in Portland, OR

for $575,000 with 5 bedrooms and 3 full baths. This 2,300 square foot home was built in 1949.

Welcome home to this beautifully remodeled 1949 classic on a corner lot in the sought-after Huber neighborhood! Offering 5 bedrooms, 3 full bathrooms, and 2,300 square feet across three levels, this home blends timeless character with modern comfort. The main level features a warm and inviting living and dining area centered around a wood-burning fireplace, perfect for cool Portland evenings. Recent updates include luxury vinyl flooring, new light fixtures, fresh interior and exterior paint, and a beautifully remodeled kitchen with new cabinets, quartz countertops, and stainless steel appliances, including a built-in microwave and dishwasher. A true standout is the fully finished basement featuring separate living quarters with its own exterior entrance, second full kitchen, bathroom, and two bedrooms. This flexible layout is ideal for extended family, multigenerational living, or an owner-occupant seeking additional privacy and separation. Property is currently classified as a single-family residence and is not permitted as a legal duplex or ADU, but offers potential for future conversion and separate rental income, subject to city approval. Additional features include forced-air heating with central A/C, an attached 2-car garage, composition shingle roof, and a low-maintenance yard with a deck for relaxing or entertaining. Adding to the appeal is its unique setting next to the future Jackson Middle School Athletic Hub, currently being transformed with new synthetic turf fields, an upgraded 8-lane track, field lighting, improved pathways, and landscaping. This exciting neighborhood investment will create an impressive recreational setting just steps from your door, with schools, parks, and everyday conveniences close by. Classic 1949 charm, modern updates, and flexible living possibilities make this a unique opportunity! [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10222488]

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Multi-Family Active

Price

$ 575,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 8,382

Style

Year Built

1949

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

576653717

Features
General
Sewer PublicSewer
Heating ForcedAir90 WallHeater
Cooling CentralAir
Zoning RM1
Garage Spaces 2.0
Year Built 1949
Stories Count 3
Parcel Number R184362
Gross Income 54090.0
County Multnomah
Net Operating Income 34508.0
Operating Expense 19582.0
Property Type MultiFamily
HOA N
Subdivision Name CAPITOL HILL
Rent Includes Electricity Gas Heat MaintenanceGrounds Sewer Water
Status Active
Directions SW Barbur Blvd to Huber St South on SW 40th On Corner lot
High School Ida B Wells
City Portland
Disclosures Disclosure
Number Of Units Total 2
MLS Area _148
Listing Terms Cash Conventional FHA VALoan
Elementary School Markham
Tax Annual Amount 8382.86
Middle/Junior High School Jackson
Property Condition UpdatedRemodeled
Virtual Tour https://www.zillow.com/view-imx/99530316-62c5-4e7f-a70f-74498bc0bfe1?initialViewType=pano&hidePhotos=true&setAttribution=mls&wl=true&utm_source=email&utm_medium=email&utm_campaign=emo-floorplancomple
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description HUBER TR BLOCK 5 LOT 1 EXC N 100'
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Interior
Basement Finished FullBasement SeparateLivingQuartersApartmentAuxLivingUnit
Storage Garage
Hot Water Gas Tank
Unit 1 Baths Total 2
Unit 1 Beds Total 3
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway Garage
Lot Features Level
Water Source PublicWater
Total Parking 2.0
Exterior Description Cedar
Foundation Details ConcretePerimeter Slab
Building Area Total 2300.0
Road Surface Type Paved
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Internal Only
Street Number 1 10244
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* Excluded Features
List By
Northwest Realty Source

Broker

info@nwrealtysource.com

Contact

Affordability Calculator

$4,670
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,971
Monthly Property Taxes
$699
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.
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Nearby
3254080 Elementary School
3254087 Middle School
Ida B Wells High School High School
Pricing History
DatePricePrice ChangeDescription
10/14/2026$575,000 Listed Price

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10244 SW 40TH AVE, Portland, OR, 97219 is a Multi-Family Home for sale at $575,000 with 2,300 sqft. 10244 SW 40TH AVE has 5 bedrooms, 3.0 baths, and was built in 1949. The property's zip code is 97219 which is in Portland, OR